A closely followed trader says that deep-pocketed crypto holders have unloaded tens of thousands of Bitcoin (BTC) in just seven days.
Highlights
- A trader says that deep-pocketed crypto holders have unloaded tens of thousands of Bitcoin (BTC) in just seven days.
- Ali Martinez says that Bitcoin whales have been selling off their Bitcoin stacks as BTC hit a new 2023 high of about $38,000.
- The analyst also issued a warning that Bitcoin could drop all the way down to $33,000 as the Tom DeMark (TD) Sequential indicator flashed a bearish signal on the weekly chart.
- At time of writing, Bitcoin is worth $36,415.
- The analyst previously noted that Bitcoin miners have unloaded 5,000 BTC worth about $175 million over the last few weeks.
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