Reported 1 day ago
On October 6, Bitcoin hit a new all-time high of over $126,192 before retreating 4% as profit-taking commenced, leading to the largest single-day transfer from dormant wallets this year, where long-term holders moved 32,322 BTC valued at approximately $3.9 billion. This significant activity heightened bearish pressure in the market, resulting in $620 million in liquidations across crypto assets. Analysts suggest that ongoing demand from crypto ETFs may help mitigate impacts from these sell-offs, potentially setting the stage for a rebound around the $120,000 mark.
Source: YAHOO