According to data from Whale , a Bitcoin whale transferred 5000 BTC worth 107.98 million dollars from Binance wallet to Coinbase. Whale also highlighted other transactions where $293 million of Bitcoin was transferred during the correction in the market.

  • 3,138 BTC worth $73.65 million transferred from Coinbase to an anonymous wallet
  • 1,824 BTC worth $42.22 million transferred from an anonymous wallet to Coinbase
  • 1,894 BTC worth $43.42 million transferred from an anonymous wallet to Coinbase.
  • 3,106 BTC worth $66.25 million transferred from Xapo wallet to Coinbase.
  • 1,538 BTC worth $33.39 million transferred from Coinbase to an anonymous wallet
  • 1.607 BTC worth $34.32 million transferred from Coinbase to Binance.

The leading cryptocurrency Bitcoin fell after touching the $25,000 level. According to data from crypto analytics firm Santiment, the number of wallets holding between 100 and 10,000 Bitcoins has reached its highest level since June.

   "The number of Bitcoin addresses holding between 100 and 10,000 BTC has reached its highest level since June 11. This shows the confidence of BTC holders in the asset and this increase is very encouraging."

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Will Bitcoin go below $20,000?

Although digital assets increased their adoption rate drastically in 2022, they suffered massive declines. The leading cryptocurrency Bitcoin, which has experienced another bear season that will go down in history, has lost 75 percent of its value from the ATH level. Although 75 percent is not huge compared to other bear seasons, it should be kept in mind that these declines took place over time and without any "relaxation rally". The leading cryptocurrency Bitcoin, which does not offer any sales opportunity to altcoin investors, seems to hold on to a critical support zone as of today.

The sharp declines in Bitcoin seem to have ended as of now. Bitcoin, which managed to hold in the support area of ​​$ 20,800 - $ 21,500, needs to break again in the coming days. If $ 21,500 is broken upwards, BTC, which is expected to gain value up to $ 24,500 again, can provide the recovery of altcoins. Although it is difficult for Bitcoin to recover from such high seller pressure, there does not seem to be a fundamental reason for the leading cryptocurrency to fall. In the coming days, if the seller pressure increases again, it can be expected that Bitcoin will lose the support of $ 20,800 and decline to $ 19,000.