Bitcoin Whale Moves $40 Million After 12 Years Dormant
- Whale Fund Transfer: A Bitcoin wallet dormant since November 2013 moved 500 BTC worth approximately $40 million on May 10, indicating potential institutional activity rather than sell pressure in the market.
- Low Transaction Fees: The transfer fee was only 0.0001 BTC, roughly $8, significantly lower than typical exchange inflow fees, suggesting this transaction may be classic OTC preparation rather than a market dump.
- Stable Market Reaction: No significant selling pressure was observed after the transfer, and blockchain data shows that the 500 BTC did not enter any known exchange deposit addresses, further supporting analysts' assessments.
- Dormant Wallet Activity: On May 10, wallets created between 2013 and 2017 collectively transferred 859.13 BTC, approximately $69.47 million, indicating a resurgence of dormant wallets as early investors take profits following Bitcoin's price surge past $100,000.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI 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, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0111 | 0.0165 | 0.02 | 0.0254 | 0.0289 | 0.0343 | 0.0378 |
| Fibonacci | 0.0165 | 0.0199 | 0.022 | 0.0254 | 0.0288 | 0.0309 | 0.0343 |
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