Bitcoin’s price has surged nearly 8%, reaching a one-month high of $64,667, within the last 7 days. This impressive rise is accompanied by significant activity on its network.
CryptoQuant’s on-chain analyst, XBTManager, revealed that older Bitcoins are being moved within the network.
This movement of large, older Bitcoin holdings has raised alarms about possible selling pressure in the market.
The market remains cautious as the behavior of these 'old whales' may signal an impending sell-off.
