The famous Maartunn encrypted analyst said that 8000 Bitcoin (BTC), which was sleeping for five to seven years, was suddenly transferred, adding to the current downward fears of encryption. This development comes after a somewhat adventurous week as BTC prices fracture to more than $ 89,000, following a fixed initial climbing, before undergoing heavy sales pressures led by US President Donald Trump’s tariff policy.
$ 674 million in old BTC transfers in one block – the cause of the warning?
The consuming life ranges are a decisive scale for the duration of which the distinctive symbols of Bitcoin remains inactive before moving. According to Marton in X post, This scale recently revealed that 8000 BTC is worth $ 674 million, which was lastly transferred between 2018 and 2020, which was recently transferred in one block that attracts great attention to the market.
This transport follows a series of modern activations of the sleeping bitcoin. On March 24, Bitcoin wallet is incomplete for 14 years Suddenly 100 bitcoin moved At $ 8.5 million. Meanwhile, in early March, six old Bitcoin governor also transferred approximately 250 BTC with a value of $ 22 million.
It is worth noting that the recent transaction reported by Maartuun is of a much larger size with strong strong effects on the uncertain Bitcoin market. In general, the movement of a large amount of BTC of long -term stillness is usually interpreted as a sign of the inventive sale pressure, which leads to large price corrections.
However, there are other potentially improper motives behind such transactions as mixing internal wallet by institutional investors or large holders as well as reorganizing cold storage. Currently, the owners of the new wallets who receive 8,000 are unknown, which reduces the downtown reaction capabilities from BTC holders.
Bitcoin price overview
On the last day, Bitcoin prices decreased by 4.00 % after the United States government announced its intentions to impose a 25 % tariff on car and commodity imports from China and Mexico starting from April 3. This represents the last negative reaction to the encryption market to President Trump’s international policies in the wake of similar cases in early February and in mid -February.
These measures conducted by the Donald Trump administration ignite fears of a potential economic slowdown that can push high -risk assets such as BTC from the portfolios of the investors leading to an additional side.
At the time of the press, Bitcoin is currently trading at 83,693 dollars, which reflects a 0.72 % and 2.53 % decrease in the last seven and 30 days, respectively. Meanwhile, the daily trading volume of assets increased by 19.38 % and a value of $ 31.58 billion. The BTC ceiling is now $ 1.66 trillion and still represents 61.1 % of the total encryption market.
BTC trading at $ 83,727 on the daily chart | source: BTCUSDT CHART on Tradingview.com
