Dormant whale sends 300 BTC to FalconX as Bitcoin nears $84k CME gap
A sleepy whale for 1.5 years has deposited 300 BTC at Crypto Crokerage Falconx alongside 1,050 BTC with two other wallets.
According to data On spotonchain, an anonymous whale With $ 85.7 million in Bitcoin (BTC) Holdings has just sent 300 BTC via the Falconx digital asset broker. At current market prices, the transaction is worth around $ 25.1 million in BTC.
In addition to Falconx, the whale also sent 1,050 BTC, equal to around 87.2 million dollars, to two fairly new wallets. At the time of the press, the address still contains approximately $ 12.55 million in Bitcoin, equal to 150,000 BTC.
The latest transaction recorded at the whale chain took place on August 18, 2023 when it received 1,500 BTC from the Cumberland market marker at a price of $ 2,353, worth $ 39.5 million at the time. This means that the address has been dormant for almost two years.
According to data From crypto.News, Bitcoin dropped by 0.44%. BTC is currently negotiated at $ 83,613. Bitcoin was on a turbulent path in the last month, lowering more than 14%.
During the last day, Bitcoin reached a top price of $ 84,693 before falling more at $ 82,061 low and maintaining about $ 83,000. In fact, BTC diving with a threshold of $ 84,000 packed the CME price difference, which opens the way to another potential price climb.
A CME gap is the disparity between the fence price of Bitcoin on the Mercantile Chicago Exchange or the CME and its opening price during the recovery transmission. It is often used as an indicator of corrections after a sharp drop in the market. The CME gap is often called “magnet” for Bitcoin prices.
The recent drop in Bitcoin prices to fill the CME gap and the notable movements of BTC whales could suggest increased market activity is on the horizon. Traders already anticipate the next market movements that could very well influence the trajectory of bitcoin prices and the global feeling of the market.
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