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Analysts Warn of Massive Bitcoin Dump as Over 100,000 Old Coins Suddenly On The Move

  • Analysts are warning of a potential downturn for Bitcoin as over 100,000 old coins are suddenly on the move.
  • Crypto analysis firm Cryptoquant noticed a significant increase in network activity, particularly in the use of older coins, signaling potential selling pressure.
  • Reports indicate an influx of coins from dormant wallets, including wallets that have been inactive for nearly a decade.
  • Analysts question the motivations behind these movements and whether they could be a strategic decision to capitalize on Bitcoin's current price levels or a shift in market sentiment.

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