โข ๐ 2,000 Bitcoin transferred Trump Media moved 2,000 BTC worth around $174.76 million.
โข โฐ Transaction happened 8 hours ago The transfer was spotted just 8 hours back on-chain.
โข ๐ Market watching closely Such large Bitcoin movements usually grab attention as traders try to understand the purpose โ storage, restructuring, or strategy shift.
โข ๐ Impact still unclear No confirmation yet if this is for selling or internal wallet movement.
โข ๐ Big Bitcoin holders (whales) have stopped selling CryptoQuant data shows that large investors are no longer selling BTC. Selling pressure is almost zero now.
โข ๐ Profit booking phase is over Whales sold their Bitcoin when the price fell from $124K to $84K. That selling phase has now ended.
โข ๐ Market is getting stable With whales not selling, there is less downward pressure. Supply and demand look more balanced in the short term.
โข ๐ What it means for BTC This usually signals price stabilization and reduces the chances of a sharp fall for now.
โข ETH max pain is at $3,100 โข Put/Call ratio: 0.45, meaning calls are much higher than puts โข Calls are more than 2ร puts, showing traders are heavily bullish
โ ๏ธ What this means
โข When too many traders bet on calls, market makers usually slow the move โข Price often gets pulled toward max pain to hurt both sides โข With $3.8B in options, ETH may move sideways (chop)
โณ Short-term outlook
โข ETH likely to hover around $3,100 โข Choppy price action expected until Friday expiry
โข US Q3 GDP: 4.3% โข Market expected only 3.3% โข This shows strong economic growth in the US
๐ Why this matters for crypto
โข Strong GDP usually leads to ISM growth โข When ISM enters expansion (above 55), crypto has historically done well โข Altseasons in 2017 & 2021 started when ISM crossed 55
๐ Short-term vs long-term impact
โข Last 3 GDP releases caused 4โ5% short-term Bitcoin dips โข But BTC recovered and moved higher each time โข Strong economy = lower recession risk โข Mid to long term outlook remains bullish for crypto and markets
โข Bitcoin fell from $124K to $84K mainly because new whales booked losses โข These whales sold at a loss, adding pressure to the market โข After BTC hit recent lows, realized losses have now reduced โข This suggests selling pressure is cooling down โข Market may be preparing for the next move