Bitcoin: 114 million dollars in old coins, but the bulls seem unavailable star-news.press/wp

Main meals

Despite the recent decline, the demand for bitcoin is still strong, as purchase continues to buy. A rare step of 1000 BTC sparked caution, but the comprehensive condemnation of the market is still tending to climb.

Bitcoin (BTC) may have decreased, but it is far from outside.

Despite the last decrease, LTHS is loaded, and the data on the chain appear a fixed request from the accumulation permit.

However, here is a new development – 1000 BTC, with a value of more than $ 114 million, just moved for the first time nearly a decade.

Will a sale come, or is Bitcoin simply combining power in its next move?

The strong demand for bitcoin despite the decrease

Even with the decline in bitcoin, The scales of demand are still amazing. While STHS face losses or sitting in underwater sites, long -term players buy more.

Source: Cryptoquant

One of the main signals is the apparent demand rate, which compares the new BTC version to coins that have not moved more than a year ago.

It is firmly in the positive lands, with about 160,000 BTC accumulated over the past thirty days.

Source: Cryptoquant

Another direction is that the accumulation titles (the governor that I bought only, never sold) added nearly 50,000 BTC last month.

Despite fear, strong hands carry the line.

The sleeping BTC whale makes movements

in Rare step, 1000 BTC – You did not touch for 7 to 10 years – your hands have changed, at a value of approximately $ 114.4 million.

Source: x

Such ancient currencies, which are often associated with early adopters or conservatives lost for a long time, tend to raise speculation whenever you move.

Could this be an introduction to a large sale? Perhaps, it should be noted that all metal currency movements do not lead to sale.

While the transport creates the warning air, it did not shake the signals of the broader demand … at least at the present time.

Caution, not surrender

The daily Bitcoin graph, which holds above $ 114,000, showed a little decrease. Despite the apostasy, the relative strength index hovers around 47.8, so the market was not in the selling area at the time of the press.

However, OBV remained silent at 1.73 meters, and showed a weak condemnation behind the last purchase. Although the price has tried to recover, there may be no strong increase in sized capabilities.

Source: TradingView

Until OBV and RSI trends rise with firmness above 50, caution is recommended – bitcoin may be stable, but perhaps the reflection of the full direction has not yet been confirmed.