{"id":604968,"date":"2024-04-25T00:00:58","date_gmt":"2024-04-25T00:00:58","guid":{"rendered":"https:\/\/wncen.com\/?p=604968"},"modified":"2024-06-11T07:02:02","modified_gmt":"2024-06-11T07:02:02","slug":"old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/","title":{"rendered":"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?"},"content":{"rendered":"

While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X\u00a0<\/span>shows<\/span><\/a>\u00a0increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high.\u00a0<\/span><\/p>\n

More Old Whales Moving Coins<\/span><\/h2>\n

The Bitcoin Average Dormancy shows the average number of days each BTC has been dormant. On-chain data indicates that coins held for 3 to 5 years have changed hands and moved to new owners.\u00a0<\/span><\/p>\n

\"BTC
BTC dormancy chart | Source: CryptoQuant<\/figcaption><\/figure>\n

While there was movement, interestingly, data shows that they were not transferred to exchanges. Instead, it is highly likely that they were traded over the counter (OTC).<\/span><\/p>\n

Related Reading: Brace For Impact: Worldcoin Team Plans To Sell 1.5 Million WLD Tokens Every Week For 6 Months<\/a><\/div>\n

Usually, any transfer to centralized exchanges like Binance or Coinbase could suggest the intention of selling. The more coins hit these exchanges, especially from whales, the higher the chance of price dumping. However, if trades are made via OTC, the impact on spot rates is negligible, which is a positive for bulls.<\/span><\/p>\n

Further analysis of these transfers using the Spent Output Profit Ratio (SOPR) indicator suggests that whales moving them made decent profits. Historically, whenever whales dump and register profits, prices tend to dip.<\/span><\/p>\n

Will Bitcoin Prices Retest All-Time Highs<\/span><\/h2>\n

However, in a post on X, one analyst says prices will likely increase because of the impact of spot Bitcoin exchange-traded funds (ETFs). These derivatives are like a buffer against price drops, considering the pace of inflows in the past weeks. <\/span><\/p>\n

Spot ETFs allow institutions to gain regulated exposure to BTC. Coupled with decreasing outflows from GBTC<\/a>, the odds of prices rising remain elevated.\u00a0<\/span><\/p>\n

According to Lookonchain\u00a0<\/span>data<\/span><\/a>, GBTC unloaded 750 BTC on April 23. However, Fidelity and other eight spot ETF issuers bought 1,513 BTC on behalf of their clients. Spot Bitcoin ETF issuers sell shares representing BTC holdings. These coins can be purchased from secondary markets like Binance, via OTC platforms, or directly from miners.\u00a0<\/span><\/p>\n

\"Spot
Spot Bitcoin ETF flow data | Source: Lookonchain<\/figcaption><\/figure>\n

BTC prices remain muted and capped below $68,000, representing April 13 highs. <\/span><\/p>\n

Related Reading: Solana Market Cap Skyrockets $11 Billion As Price Jumps 17% \u2013 Details<\/a><\/div>\n

To define the uptrend, there must be a high volume expansion above this liquidation line, reversing recent losses.\u00a0<\/span><\/p>\n

\"Bitcoin<\/a>
Bitcoin price trending downward on the daily chart | Source: BTCUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

Even so, looking at the BTCUSDT candlestick arrangement in the daily chart, bulls must break above all-time highs for a clear trend continuation. Ideally, the uptick above $73,800 and the current range should be with expanding volumes, confirming the presence of buyers.<\/span><\/p>\n

Feature image from DALLE, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X\u00a0shows\u00a0increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high.\u00a0 More Old Whales Moving Coins The Bitcoin Average Dormancy shows the average number of days each BTC has been dormant. On-chain data indicates that coins held for 3 to 5 years have changed hands and moved to new owners.\u00a0 While there was movement, interestingly, data shows that they were not transferred to exchanges. Instead, it is highly likely that they were traded over the counter (OTC). Related Reading: Brace For Impact: Worldcoin Team Plans To Sell 1.5 Million WLD Tokens Every Week For 6 Months Usually, any transfer to centralized exchanges like Binance or Coinbase could suggest the intention of selling. The more coins hit these exchanges, especially from whales, the higher the chance of price dumping. However, if trades are made via OTC, the impact on spot rates is negligible, which is a positive for bulls. Further analysis of these transfers using the Spent Output Profit Ratio (SOPR) indicator suggests that whales moving them made decent profits. Historically, whenever whales dump and register profits, prices tend to dip. Will Bitcoin Prices Retest All-Time Highs However, in a post on X, one analyst says prices will likely increase because of the impact of spot Bitcoin exchange-traded funds (ETFs). These derivatives are like a buffer against price drops, considering the pace of inflows in the past weeks. Spot ETFs allow institutions to gain regulated exposure to BTC. Coupled with decreasing outflows from GBTC, the odds of prices rising remain elevated.\u00a0 According to Lookonchain\u00a0data, GBTC unloaded 750 BTC on April 23. However, Fidelity and other eight spot ETF issuers bought 1,513 BTC on behalf of their clients. Spot Bitcoin ETF issuers sell shares representing BTC holdings. These coins can be purchased from secondary markets like Binance, via OTC platforms, or directly from miners.\u00a0 BTC prices remain muted and capped below $68,000, representing April 13 highs. Related Reading: Solana Market Cap Skyrockets $11 Billion As Price Jumps 17% \u2013 Details To define the uptrend, there must be a high volume expansion above this liquidation line, reversing recent losses.\u00a0 Even so, looking at the BTCUSDT candlestick arrangement in the daily chart, bulls must break above all-time highs for a clear trend continuation. Ideally, the uptick above $73,800 and the current range should be with expanding volumes, confirming the presence of buyers. Feature image from DALLE, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":603665,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,428,679,19064,1122,78790,1393,89583],"class_list":["post-604968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-bitcoin","tag-bitcoin-price","tag-bitcoin-whales","tag-btc-price","tag-btcusdt","tag-coinbase","tag-spot-bitcoin-etfs"],"acf":[],"yoast_head":"\nOld Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?<\/title>\n<meta name=\"description\" content=\"Old Bitcoin whales are moving coins. Meanwhile, some analysts believe this will help propel BTC prices higher above all-time highs\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?\" \/>\n<meta property=\"og:description\" content=\"Old Bitcoin whales are moving coins. Meanwhile, some analysts believe this will help propel BTC prices higher above all-time highs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-25T00:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:02:02+00:00\" \/>\n<meta name=\"author\" content=\"Dalmas Ngetich\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024\" \/>\n<meta name=\"twitter:creator\" content=\"@Dalmas_Ngetich\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dalmas Ngetich\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/\"},\"author\":{\"name\":\"Dalmas Ngetich\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\"},\"headline\":\"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?\",\"datePublished\":\"2024-04-25T00:00:58+00:00\",\"dateModified\":\"2024-06-11T07:02:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/\"},\"wordCount\":467,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024\",\"keywords\":[\"Binance\",\"bitcoin\",\"bitcoin price\",\"Bitcoin whales\",\"btc price\",\"BTCUSDT\",\"coinbase\",\"spot Bitcoin ETFs\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/\",\"url\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/\",\"name\":\"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024\",\"datePublished\":\"2024-04-25T00:00:58+00:00\",\"dateModified\":\"2024-06-11T07:02:02+00:00\",\"description\":\"Old Bitcoin whales are moving coins. Meanwhile, some analysts believe this will help propel BTC prices higher above all-time highs\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin price prediction\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586\",\"name\":\"Dalmas Ngetich\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g\",\"caption\":\"Dalmas Ngetich\"},\"description\":\"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/\",\"https:\/\/x.com\/Dalmas_Ngetich\"],\"url\":\"https:\/\/wncen.com\/author\/dalmasngetich\/\"}]}<\/script>\n","yoast_head_json":{"title":"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?","description":"Old Bitcoin whales are moving coins. Meanwhile, some analysts believe this will help propel BTC prices higher above all-time highs","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/","og_locale":"en_US","og_type":"article","og_title":"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?","og_description":"Old Bitcoin whales are moving coins. Meanwhile, some analysts believe this will help propel BTC prices higher above all-time highs","og_url":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-04-25T00:00:58+00:00","article_modified_time":"2024-06-11T07:02:02+00:00","author":"Dalmas Ngetich","twitter_card":"summary_large_image","twitter_image":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024","twitter_creator":"@Dalmas_Ngetich","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Dalmas Ngetich","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/"},"author":{"name":"Dalmas Ngetich","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586"},"headline":"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?","datePublished":"2024-04-25T00:00:58+00:00","dateModified":"2024-06-11T07:02:02+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/"},"wordCount":467,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024","keywords":["Binance","bitcoin","bitcoin price","Bitcoin whales","btc price","BTCUSDT","coinbase","spot Bitcoin ETFs"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/","url":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/","name":"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024","datePublished":"2024-04-25T00:00:58+00:00","dateModified":"2024-06-11T07:02:02+00:00","description":"Old Bitcoin whales are moving coins. Meanwhile, some analysts believe this will help propel BTC prices higher above all-time highs","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024","width":1792,"height":1024,"caption":"Bitcoin price prediction"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/08a2c46e8c02b51b9464d6e0bf2b1586","name":"Dalmas Ngetich","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","caption":"Dalmas Ngetich"},"description":"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?","url":"http:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","bitcoin","bitcoin price","bitcoin whales","btc price","btcusdt","coinbase","spot bitcoin etfs"],"dateCreated":"2024-04-25T00:00:58Z","datePublished":"2024-04-25T00:00:58Z","dateModified":"2024-06-11T07:02:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/old-bitcoin-whales-moving-coins-will-this-help-push-btc-above-74000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/DALL\\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/DALL\\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"bitcoin\",\"bitcoin price\",\"bitcoin whales\",\"btc price\",\"btcusdt\",\"coinbase\",\"spot bitcoin etfs\"],\"dateCreated\":\"2024-04-25T00:00:58Z\",\"datePublished\":\"2024-04-25T00:00:58Z\",\"dateModified\":\"2024-06-11T07:02:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/DALL\u00b7E-2024-04-17-09.52.45-A-wide-format-digital-artwork-depicting-a-large-detailed-Bitcoin-coin-in-the-foreground-sharply-focused-and-intricately-designed-with-recognizable-B.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/604968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=604968"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/604968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/603665"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=604968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=604968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=604968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}