Bitcoin: 107 BTC Worth $8.2M Sent to Burn Address
Bitcoin sees 107 BTC valued at $8.2M moved to burn address, trading at $75696.64 with bearish EMA structure on 4h chart.
SourceAnalysis
Bitcoin lost 107 BTC worth $8.2M after five transactions routed the coins to a burn address, according to PeckShieldAlert.
Price action shows BTC at $75696.64 testing the lower Bollinger support at $75773.99 while EMA50 sits at $77052.3 and EMA200 at $77302.49, locking in a bearish trend. MACD prints a death cross at -185.87 and RSI at 38.69 remains neutral, suggesting further downside pressure before any recovery. This supply reduction via burn address could tighten available float and influence BTC price prediction models over the next quarter amid ongoing crypto market crash fears.
PeckShieldAlert
@PeckShieldAlertPeckShield is a prominent blockchain security firm that provides comprehensive solutions aimed at safeguarding the blockchain ecosystem.
Premium Sponsors
.jpg)