• bitcoinBitcoin(BTC)$105,654.000.50%
  • ethereumEthereum(ETH)$2,598.091.10%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$2.252.74%
  • binancecoinBNB(BNB)$660.48-0.51%
  • solanaSolana(SOL)$155.48-0.17%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.193304-0.69%
  • tronTRON(TRX)$0.2705460.83%
  • cardanoCardano(ADA)$0.68-0.94%
  • staked-etherLido Staked Ether(STETH)$2,596.911.53%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$105,755.000.58%
  • HyperliquidHyperliquid(HYPE)$36.02-0.34%
  • Wrapped stETHWrapped stETH(WSTETH)$3,125.861.39%
  • suiSui(SUI)$3.25-3.20%
  • avalanche-2Avalanche(AVAX)$21.080.38%
  • stellarStellar(XLM)$0.2731101.00%
  • leo-tokenLEO Token(LEO)$8.874.61%
  • bitcoin-cashBitcoin Cash(BCH)$402.860.19%
  • the-open-networkToncoin(TON)$3.18-1.33%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.10%
  • hedera-hashgraphHedera(HBAR)$0.1722570.55%
  • USDSUSDS(USDS)$1.000.00%
  • WETHWETH(WETH)$2,605.061.12%
  • litecoinLitecoin(LTC)$89.320.00%
  • Wrapped eETHWrapped eETH(WEETH)$2,783.081.34%
  • moneroMonero(XMR)$344.85-3.22%
  • polkadotPolkadot(DOT)$4.13-0.35%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.11%
  • Ethena USDeEthena USDe(USDE)$1.00-0.01%
  • bitget-tokenBitget Token(BGB)$4.801.36%
  • pepePepe(PEPE)$0.0000120.03%
  • Pi NetworkPi Network(PI)$0.65-0.21%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$105,904.000.54%
  • whitebitWhiteBIT Coin(WBT)$31.360.28%
  • aaveAave(AAVE)$264.563.88%
  • uniswapUniswap(UNI)$6.643.82%
  • daiDai(DAI)$1.000.03%
  • BittensorBittensor(TAO)$388.02-4.01%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.09%
  • aptosAptos(APT)$4.951.73%
  • nearNEAR Protocol(NEAR)$2.510.98%
  • crypto-com-chainCronos(CRO)$0.102493-0.27%
  • okbOKB(OKB)$50.110.49%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$187.34-0.44%
  • internet-computerInternet Computer(ICP)$5.284.04%
  • OndoOndo(ONDO)$0.85-0.30%
  • ethereum-classicEthereum Classic(ETC)$17.560.75%
  • Tokenize XchangeTokenize Xchange(TKX)$32.695.33%
  • sUSDSsUSDS(SUSDS)$1.050.05%
  • gatechain-tokenGate(GT)$19.310.44%
  • kaspaKaspa(KAS)$0.088169-0.77%
  • mantleMantle(MNT)$0.68-0.61%
  • Official TrumpOfficial Trump(TRUMP)$11.21-1.05%
  • USD1USD1(USD1)$1.00-0.12%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.826.83%
  • vechainVeChain(VET)$0.024614-0.46%
  • render-tokenRender(RENDER)$3.92-1.11%
  • cosmosCosmos Hub(ATOM)$4.41-0.64%
  • EthenaEthena(ENA)$0.3332252.75%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$105,637.000.59%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.214840-1.64%
  • fasttokenFasttoken(FTN)$4.420.45%
  • worldcoin-wldWorldcoin(WLD)$1.201.46%
  • filecoinFilecoin(FIL)$2.62-0.57%
  • arbitrumArbitrum(ARB)$0.3613231.81%
  • algorandAlgorand(ALGO)$0.197255-0.35%
  • quant-networkQuant(QNT)$112.515.84%
  • JupiterJupiter(JUP)$0.540.34%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.08%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$2,590.830.68%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.450.02%
  • CelestiaCelestia(TIA)$2.25-0.44%
  • kucoin-sharesKuCoin(KCS)$11.19-0.41%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$165.901.28%
  • USDT0USDT0(USDT0)$1.000.17%
  • bonkBonk(BONK)$0.000017-3.71%
  • SonicSonic(S)$0.405650-1.74%
  • Virtuals ProtocolVirtuals Protocol(VIRTUAL)$1.94-0.24%
  • nexoNEXO(NEXO)$1.250.33%
  • injective-protocolInjective(INJ)$12.632.78%
  • rocket-pool-ethRocket Pool ETH(RETH)$2,958.761.63%
  • blockstackStacks(STX)$0.794.08%
  • flare-networksFlare(FLR)$0.018190-2.76%
  • StoryStory(IP)$4.200.42%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$2,722.422.01%
  • optimismOptimism(OP)$0.67-0.16%
  • immutable-xImmutable(IMX)$0.583.16%
  • sei-networkSei(SEI)$0.1985530.10%
  • SPX6900SPX6900(SPX)$1.080.09%
  • Binance Bridged USDC (BNB Smart Chain)Binance Bridged USDC (BNB Smart Chain)(USDC)$1.00-0.32%
  • eosEOS(EOS)$0.65-0.22%
  • FartcoinFartcoin(FARTCOIN)$0.99-13.01%
  • dogwifhatdogwifhat(WIF)$0.982.35%
  • makerMaker(MKR)$1,858.329.09%
  • paypal-usdPayPal USD(PYUSD)$1.000.02%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$105,348.000.36%
  • xdce-crowd-saleXDC Network(XDC)$0.0599790.28%
  • bitcoinBitcoin(BTC)$105,654.000.50%
  • ethereumEthereum(ETH)$2,598.091.10%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$2.252.74%
  • binancecoinBNB(BNB)$660.48-0.51%
  • solanaSolana(SOL)$155.48-0.17%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.193304-0.69%
  • tronTRON(TRX)$0.2705460.83%
  • cardanoCardano(ADA)$0.68-0.94%
  • staked-etherLido Staked Ether(STETH)$2,596.911.53%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$105,755.000.58%
  • HyperliquidHyperliquid(HYPE)$36.02-0.34%
  • Wrapped stETHWrapped stETH(WSTETH)$3,125.861.39%
  • suiSui(SUI)$3.25-3.20%
  • avalanche-2Avalanche(AVAX)$21.080.38%
  • stellarStellar(XLM)$0.2731101.00%
  • leo-tokenLEO Token(LEO)$8.874.61%
  • bitcoin-cashBitcoin Cash(BCH)$402.860.19%
  • the-open-networkToncoin(TON)$3.18-1.33%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.10%
  • hedera-hashgraphHedera(HBAR)$0.1722570.55%
  • USDSUSDS(USDS)$1.000.00%
  • WETHWETH(WETH)$2,605.061.12%
  • litecoinLitecoin(LTC)$89.320.00%
  • Wrapped eETHWrapped eETH(WEETH)$2,783.081.34%
  • moneroMonero(XMR)$344.85-3.22%
  • polkadotPolkadot(DOT)$4.13-0.35%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.11%
  • Ethena USDeEthena USDe(USDE)$1.00-0.01%
  • bitget-tokenBitget Token(BGB)$4.801.36%
  • pepePepe(PEPE)$0.0000120.03%
  • Pi NetworkPi Network(PI)$0.65-0.21%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$105,904.000.54%
  • whitebitWhiteBIT Coin(WBT)$31.360.28%
  • aaveAave(AAVE)$264.563.88%
  • uniswapUniswap(UNI)$6.643.82%
  • daiDai(DAI)$1.000.03%
  • BittensorBittensor(TAO)$388.02-4.01%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.09%
  • aptosAptos(APT)$4.951.73%
  • nearNEAR Protocol(NEAR)$2.510.98%
  • crypto-com-chainCronos(CRO)$0.102493-0.27%
  • okbOKB(OKB)$50.110.49%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$187.34-0.44%
  • internet-computerInternet Computer(ICP)$5.284.04%
  • OndoOndo(ONDO)$0.85-0.30%
  • ethereum-classicEthereum Classic(ETC)$17.560.75%
  • Tokenize XchangeTokenize Xchange(TKX)$32.695.33%
  • sUSDSsUSDS(SUSDS)$1.050.05%
  • gatechain-tokenGate(GT)$19.310.44%
  • kaspaKaspa(KAS)$0.088169-0.77%
  • mantleMantle(MNT)$0.68-0.61%
  • Official TrumpOfficial Trump(TRUMP)$11.21-1.05%
  • USD1USD1(USD1)$1.00-0.12%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.826.83%
  • vechainVeChain(VET)$0.024614-0.46%
  • render-tokenRender(RENDER)$3.92-1.11%
  • cosmosCosmos Hub(ATOM)$4.41-0.64%
  • EthenaEthena(ENA)$0.3332252.75%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$105,637.000.59%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.214840-1.64%
  • fasttokenFasttoken(FTN)$4.420.45%
  • worldcoin-wldWorldcoin(WLD)$1.201.46%
  • filecoinFilecoin(FIL)$2.62-0.57%
  • arbitrumArbitrum(ARB)$0.3613231.81%
  • algorandAlgorand(ALGO)$0.197255-0.35%
  • quant-networkQuant(QNT)$112.515.84%
  • JupiterJupiter(JUP)$0.540.34%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.08%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$2,590.830.68%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.450.02%
  • CelestiaCelestia(TIA)$2.25-0.44%
  • kucoin-sharesKuCoin(KCS)$11.19-0.41%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$165.901.28%
  • USDT0USDT0(USDT0)$1.000.17%
  • bonkBonk(BONK)$0.000017-3.71%
  • SonicSonic(S)$0.405650-1.74%
  • Virtuals ProtocolVirtuals Protocol(VIRTUAL)$1.94-0.24%
  • nexoNEXO(NEXO)$1.250.33%
  • injective-protocolInjective(INJ)$12.632.78%
  • rocket-pool-ethRocket Pool ETH(RETH)$2,958.761.63%
  • blockstackStacks(STX)$0.794.08%
  • flare-networksFlare(FLR)$0.018190-2.76%
  • StoryStory(IP)$4.200.42%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$2,722.422.01%
  • optimismOptimism(OP)$0.67-0.16%
  • immutable-xImmutable(IMX)$0.583.16%
  • sei-networkSei(SEI)$0.1985530.10%
  • SPX6900SPX6900(SPX)$1.080.09%
  • Binance Bridged USDC (BNB Smart Chain)Binance Bridged USDC (BNB Smart Chain)(USDC)$1.00-0.32%
  • eosEOS(EOS)$0.65-0.22%
  • FartcoinFartcoin(FARTCOIN)$0.99-13.01%
  • dogwifhatdogwifhat(WIF)$0.982.35%
  • makerMaker(MKR)$1,858.329.09%
  • paypal-usdPayPal USD(PYUSD)$1.000.02%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$105,348.000.36%
  • xdce-crowd-saleXDC Network(XDC)$0.0599790.28%

Major Transfer Raises Concerns Amid October Optimism.

Bitcoin (BTC) has encountered a significant hurdle in its recent bullish trend following the transfer of 3,333 BTC, valued at approximately $213 million, from a whale’s private wallet to Coinbase, the largest cryptocurrency exchange in the U.S. This move has prompted concerns about potential selling pressure that could hinder Bitcoin’s anticipated upward momentum during October, a month often referred to as “Uptober” in crypto circles.

Increased Selling Activity from Whales

Whale Alert, a prominent blockchain tracking service, reported the substantial transfer, indicating a shift in the behaviour of major investors. Typically, whales maintain their holdings in private wallets when they have no immediate plans to liquidate. The recent movement of such a large quantity of Bitcoin suggests that the investor may be poised to sell, potentially capitalising on current market highs.

Short-Term Market Implications

While the decision to sell can be a standard strategy for profit-taking, a transfer of this magnitude could exert short-term pressure on Bitcoin’s price. Historically, significant sell-offs by whales can lead to increased volatility in the market, which could deter other investors.

Current Price and Market Sentiment

As of the latest data, Bitcoin’s price has dipped by 2.57% over the past 24 hours, likely influenced by this substantial selling activity among other factors. Currently trading at $64,058, this price point remains critical for Bitcoin to maintain its bullish stance. Despite recent declines, the cryptocurrency continues to hold above this crucial threshold, indicating resilience amid growing selling pressure.

In conclusion, while the long-term outlook for Bitcoin may still be positive, the recent actions of large investors serve as a reminder of the inherent volatility in the cryptocurrency market, particularly during pivotal periods such as October.

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