Australia Police Seize 52.3 BTC in Darknet Marketplace Crackdown
- Major Crypto Seizure: Australian police seized 52.3 BTC valued at approximately A$5.7 million during a 15-month cybercrime investigation, marking one of the country's largest crypto seizures linked to illicit online activities, highlighting law enforcement's commitment to tackling cybercrime.
- Investigation Background: The investigation, initiated in September 2024, uncovered a cryptocurrency wallet holding significant amounts of Bitcoin believed to be associated with illegal darknet market transactions involving drugs and weapons, reflecting the active nature of these markets.
- Charges Against Suspects: Two men have been charged with dealing in property suspected to be proceeds of crime, with the 39-year-old facing charges exceeding A$5 million and the 41-year-old facing charges over A$100,000, indicating a stringent legal approach to cybercrime prosecution.
- Importance of Blockchain Forensics: This seizure underscores the critical role of blockchain forensics in cybercrime investigations, as police must connect device evidence and transaction histories to link Bitcoin to criminal activities, ensuring effective tracking and freezing of assets related to darknet market transactions.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ORDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0408 | 0.0454 | 0.0491 | 0.0537 | 0.0573 | 0.0619 | 0.0656 |
| Fibonacci | 0.0454 | 0.0486 | 0.0505 | 0.0537 | 0.0568 | 0.0588 | 0.0619 |
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