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Dormant Bitcoin Wallets Move $3.93B as Profit-Taking Sparks $620M Crypto Liquidations
Yahoo Finance·2025-10-08 05:03

Bitcoin price touched new all-time highs above 126,192onMonday,October6,beforeretreating4126,192 on Monday, October 6, before retreating 4% toward 120,000 amid intense profit-taking on Tuesday. On-chain data shows the pullback coincided with unusual activity from dormant wallets, while derivatives indicators point to early rebound prospects. As Bitcoin corrected 4% on Tuesday, J. Martin, an analyst at CryptoQuant, alerted his 42,700 followers to on-chain data showing long-term holders taking profits at the top. According to Martin, wallets inac ...