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Alex Thorn: BTC sees increased on-chain movement in $83.6k to $84.8k price range

Alex Thorn: BTC sees increased on-chain movement in $83.6k to $84.8k price range
BTC on-chain activity spikes in price range

Alex Thorn highlights that BTC is consolidating as more coins have shifted on-chain within the $83.6k to $84.8k price range than in any other band.

This suggests heightened on-chain activity at these price levels as BTC continues to trade in a tight range.

Thorn previously reported that the CEO of Silvergate confirmed the bank’s voluntary closure following an intense bank run and political pressure from the Biden administration here. He also revealed that hackers behind a major Liquid Federation theft returned 85% of stolen BTC after engaging in talks with Blockstream, while retaining $47 million here. These past updates reflect Thorn’s coverage of significant developments in both banking and cryptocurrency security.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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