Bitcoin Price Faces Oil Pressure as Whale Transfers Top $770M
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TLDR: Bitcoin price faces macro pressure as Brent holds above $100, with Darkfost warning that expensive energy could constrain fresh liquidity. CryptoQuant analysis links sustained oil strength above its annual average with slower Bitcoin momentum, without establishing direct causation. Lookonchain reported that 40 newly created wallets withdrew 9,458 BTC, valued at approximately $771.5 million, through [...]
The post Bitcoin Price Faces Oil Pressure as Whale Transfers Top $770M appeared first on Blockonomi.
Source: Source: Blockonomi