Is the sale of bitcoin driven by the sleeper BTC portfolio? star-news.press/wp

Main meals:

• Despite $ 1 billion in instant BTC ETF flows, Bitcoin decreased by 2.8 % as the market digested the transfer of a portfolio of billions of dollars 2011.

• The American import tariff and financial deficit may weigh the morale of Bitcoin investor.

Bitcoin (BTC) fell to $ 10,400 on Friday after facing a strong rejection near the level of $ 110,500 on Thursday. The decline coincided with $ 1 billion of net flows in ETFS for two days. Traders are now scrambled to justify the decline by 2.8 %, although BTC may hover about $ 10,7400 for most of the previous week.

This decline can simply reflect the profits before the weekend, especially since Bitcoin was only 1.5 % lower. Investors are still cautious about the possible negative effects of the global trade war, especially after US President Donald Trump reaffirmed on the deadline for increasing the import tariff.

Bitcoin sleeping wallet scares the market by transporting 80,000 BTC

Some market participants argue that investors were concerned after the long -awaited Bitcoin portfolio transferred the coins for the first time in years. Occin’s analysts predict that a 2011 mine worker was behind the transfer of Friday 80,009 BTC. It is reported that this entity was holding more than 200,000 BTC.

Although the concerns related to potential sale are valid, adult holders who transport sleeper coins are not unusual. If the entity aims to sell, it will be contrary to the transfer of many titles simultaneously, as this may draw attention and the effect of pricing. This type of movement, in fact, reduces the possibility of immediate sale.

Even in the case of a non -prescription treatment, it appears that Jupiter will absorb $ 4.3 billion in bitcoin in one chip. For comparison, the strategy accumulated 17,075 BTC throughout June. However, large wallet transfers often lead to FUD (fear, uncertainty and suspicion), which can put short -term pressure on prices.

In May, titles dating back to 2013 transfer More than 3,420 BTC. In November 2024, another 2000 BTC wallet has moved for 14 years. Similar events occurred in March 2024, with 1000 BTC, and in November 2023, with another 6500 BTC. These isolated movements were not historically linked to the repercussions of the long -term direction.

Related to: Bitcoin analysts predict taking advantage of a “beautiful beautiful invoice”.

Bitcoin is likely to have the last weakness of the macroeconomic fears. Michael Hartnett, the largest investment strategy at Bank of America for Global Research, according to what was reported Advise Investors to reduce exposure if the S&P 500 approaches 6300.

As Bloomberg said, the Hartnet team noted that “the risk of bubble was rising” after the United States government agreed to a “$ 3.4 trillion financial package that reduces taxes.” The increasing financial expectations may weaken the demand for long -term government bonds, which in turn can weigh the broader risk markets, including bitcoin.

At the same time, it was said that the Trump administration started sending it Notifications To other countries “setting tariff prices” if commercial deals are not reached before the deadline next Wednesday. This economic uncertainty, instead of any specific encryption factor, provides a more convincing explanation of the inability of Bitcoin to retain $ 110,000.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.