HomeUncategorizedCapitulation or profit-taking? Bitcoin whale moves 32K BTC dormant since 2018 By Cointelegraph

Capitulation or profit-taking? Bitcoin whale moves 32K BTC dormant since 2018 By Cointelegraph

October 21, 2022

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Capitulation or profit-taking? Bitcoin whale moves 32K BTC dormant since 2018

(BTC) worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed.

In a Twitter thread, monitoring resource Whalemap flagged a transaction involving 32,000 BTC.

Bitcoin whale outflows annotated chart. Source: Whalemap/ Twitter
Bitcoin wall inflows annotated chart. Source: Whalemap/ Twitter
Bitcoin exchange 30-day net position change chart. Source: Glassnode
Bitcoin exchange balance chart. Source: Glassnode