DeFi Intel

Bitcoin: Will a $130.5M whale move derail BTC’s push toward $70K?

A Bitcoin whale moved $130.5M in BTC after six years of accumulation, sending 800 BTC to Cumberland for OTC and 1200 BTC to new addresses. Despite this, BTC rose to a monthly high of $66,314 and traded at $66,195, up 3.02% daily. However, rising exchange inflows and a positive netflow of 4.7K suggest potential short-term bearishness.

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