Bitcoin: 107 BTC Burned From 11-Year Dormant Wallets

Bitcoin wallets dormant for 11 years transferred 107 BTC ($8.3M) to a burn address yesterday, permanently removing the coins from circulation in a move that echoes long-standing questions around Bitcoin burn address explained and the history of dormant Bitcoin wallets sending funds to burn addresses.

Price action shows BTC at $75991.11 inside the Bollinger Bands with lower support at $75848.78 and upper resistance at $77877.66; the bearish EMA50 at $77063.85 and EMA200 at $77305.42 sit above spot while the MACD death cross at -162.38 keeps downside momentum intact, suggesting a test of the 50-EMA before any sustained move higher in BTC price prediction models.