DeFi Daily News
Sunday, July 6, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Web 3

rewrite this title Bitcoin Dives on OG Whale FUD, But Charts Remain Bullish: Analysis – Decrypt

Jose Antonio Lanz by Jose Antonio Lanz
July 4, 2025
in Web 3
0 0
0
rewrite this title Bitcoin Dives on OG Whale FUD, But Charts Remain Bullish: Analysis – Decrypt
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

In brief

Bitcoin traders today were spooked by the mother of all mysterious Bitcoin whales.
The price of Bitcoin fell from above $109K to near $107K.
But the macro picture and technical indicators suggest the Bitcoin bull run is far from over, despite short-term price action.

War, geopolitical uncertainty, President Donald Trump’s “Big Beautiful Bill”—with so much going on, what could possibly be shaking the Bitcoin market today? How about one of the biggest Bitcoin holders in history suddenly moving $8 billion from their wallet? Yikes.

The crypto community was shaken today by the movement of 80,000 BTC—worth approximately $8.6 billion at today’s prices—from wallets that had remained dormant for over 14 years. This “OG” holder, who controls the funds across eight wallets, received their coins in April and May 2011—way back when Bitcoin traded between $0.78 and $3.37. Talk about diamond hands.

The entity—whoever it, he, she, they are—had accumulated up to 200,000 BTC at one point in 2011, representing what would be $22 billion today. That puts this whale in the top five Bitcoin holders of all time, according to Coinbase Director Conor Grogan. The Coinbase exec initially speculated that the wallets could belong to an unmarked crypto exchange, then said it was more likely a very early Bitcoin miner, before landing on it possibly being the result of a hack. Oh boy.



The timing of the move, on a U.S. holiday weekend when “everyone is at the beach,” has also raised eyebrows and stirred speculation across Crypto Twitter about potential market manipulation.

Needless to say, skittish Bitcoin traders didn’t like this one bit, as the price of Bitcoin fell from above $109,000 to around $107,500 following news of the OG whale’s moves. This won’t be welcomed news to the 40% of users over on Myriad, a prediction market developed by Decrypt’s parent company Dastan, who predicted the price of Bitcoin would stay above $108,000 by the end of the week. But to the 59% of bears who said Bitcoin would dip, congrats.

So where could Bitcoin go from here in the long-term? Let’s take a look at the charts.

Bitcoin price data. Image: TradingView

Short-term traders appear to be taking profits after Bitcoin’s 15% rally over the past 60 days, creating a “sell the news” dynamic. The cryptocurrency faces immediate technical resistance at the $110,561 swing high from June 27, unable to break past the resistance of a short bearish channel that has been in play for seven weeks already.

The Average Directional Index, or ADX, which measures how strong or weak a price trend is, reads 25—sitting exactly at the threshold that typically separates choppy, directionless markets from trending ones. Think of ADX as a trend strength meter: below 25 means weak or no trend, above 25 indicates a trend is developing, and above 40 signals a very strong trend.

The Exponential Moving Averages, or EMAs, also tell a bullish story despite recent weakness. EMAs usually behave like dynamic support and resistance levels that give more weight to recent prices. The 50-period EMA (the faster-moving average, measuring the average price of the last 50 weeks) sits at $87,394, while the 200-period EMA (the slower, more significant one) is way down at $56,114. When price trades above both EMAs and they’re rising, it confirms an uptrend. Bitcoin remains well above both, maintaining its long-term bullish structure.

The Relative Strength Index, or RSI, currently reads 62. RSI measures momentum by comparing recent gains to recent losses on a scale of 0-100. Readings above 70 suggest the asset might be moving up too fast (overbought), while below 30 indicates it might be oversold. At 62, Bitcoin shows moderate upward momentum with room to run higher before becoming overheated.

The Squeeze Momentum Indicator shows there is still a solid bullish trend in play. This indicator identifies when volatility is expanding after being compressed—like a spring being released. When the squeeze is “off,” it means volatility is increasing, and the green signal suggests the likely direction is upward.

In other words, indicators show that, for now, position traders and hodlers are still bullish, despite the current bearish mood among short-term traders.

Key Bitcoin Levels to Watch:

Resistance: $110,000 (recent rejection point), $115,000 (psychological level)

Support: $105,000 (immediate), $100,000 (major psychological), $87,394 (50-week EMA)

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: AnalysisBitcoinBullishChartsDecryptDivesFUDremainrewritetitleWhale
ShareTweetShare
Previous Post

rewrite this title Colombia stocks higher at close of trade; COLCAP up 0.17% By Investing.com

Next Post

BREAKING: Trump JUST Signed The LARGEST Tax Cut In American History – What’s Inside!

Next Post
BREAKING: Trump JUST Signed The LARGEST Tax Cut In American History – What’s Inside!

BREAKING: Trump JUST Signed The LARGEST Tax Cut In American History - What’s Inside!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
rewrite this title Deadspin | Guardians place OF Lane Thomas (foot) on injured list

rewrite this title Deadspin | Guardians place OF Lane Thomas (foot) on injured list

July 6, 2025
rewrite this title The One Beverage You’re Most Likely to Have at Your Backyard Barbecue

rewrite this title The One Beverage You’re Most Likely to Have at Your Backyard Barbecue

July 6, 2025
rewrite this title and make it good for SEOTexas officials face scrutiny over response to catastrophic and deadly flooding

rewrite this title and make it good for SEOTexas officials face scrutiny over response to catastrophic and deadly flooding

July 6, 2025
rewrite this title The latest Samsung Galaxy Z Flip 7 leak is the first hands-on video of the flip foldable

rewrite this title The latest Samsung Galaxy Z Flip 7 leak is the first hands-on video of the flip foldable

July 6, 2025
rewrite this title Why Saudi Arabia Should Invest in Digital Assets Alongside Oil

rewrite this title Why Saudi Arabia Should Invest in Digital Assets Alongside Oil

July 6, 2025
My Wife Spends About ,000 a Month On A Credit Card

My Wife Spends About $5,000 a Month On A Credit Card

July 6, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.