Bitcoin Whale: Moves 16400 BTC After 7 Months

Bitcoin whale wallet bc1qpt transferred its entire 16400 BTC holdings valued at $1.04B to a fresh address one hour ago following seven months of inactivity.

Price action on the 4h chart shows BTC trading inside Bollinger Bands with upper resistance at $64118.53 while the EMA50 at $63759.8 and EMA200 at $63740.82 cap upside, confirming the bearish trend structure; RSI at 42.86 leaves room before overbought territory and the MACD golden cross at -234.35 hints at building momentum that could target the lower band support near $62295.99 before any sustained recovery.