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8,000 Dormant Bitcoin Suddenly Move: What’s Next For The Market?

  • 8,000 dormant Bitcoin, worth $674 million, has been moved recently, causing market concerns.
  • The movement of such a large amount of BTC from long-term dormancy is often seen as a signal for potential selling pressure and major price corrections.
  • Possible non-bearish motives behind these transfers include internal wallet shuffling by institutional investors and cold storage reorganization.
  • Bitcoin prices declined by 4.00% following the US Government's announcement of tariffs on auto imports and goods from China, Mexico, and Canada.

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