The measure has stayed near 60% since August when coins inactive for more than 10 years are excluded, limiting the impact of illiquid or potentially lost holdings.
Prosecutors say Manhattan Tornado Cash activity supports keeping money-laundering and unlicensed money-transmission charges in New York.
The setup places resistance at $86,092 and $87,956, while mixed momentum and derivatives readings point to limited directional pressure.
Bitcoin fell from $85,500 to $83,900 early Wednesday as selling pressure and long liquidations reached extreme readings before a modest rebound.
Bitcoin dropped about $1,765 in roughly 20 minutes early Wednesday, sliding under $84,000 and taking more than $400 million in leveraged long bets with it, three days before the anniversary of crypto's worst liquidation day. The 20 Minutes The descent started quietly at 01:45 UTC on Oct.
Wallets associated with the US government transferred 833.6 bitcoins, valued at over 71 million dollars, on October 6th. This first movement in six weeks concerns funds seized in the Bitfinex and HashFlare cases, but no data confirms their sale.
The transfer involved 833.6 BTC and came alongside a separate $31.63 million BNB movement. The blockchain activity does not confirm a sale.
US government linked wallets have transferred $103 million in Bitcoin and BNB, sending more than $71 million in BTC to Coinbase Prime as the transaction raises questions over whether the assets could be headed for a sale.
Fewer than 0.5% of trading days carried over half of bitcoin's 225% three-year gain, Grayscale says. Without its 15 best days, BTC shows an 11% loss.
Bitcoin has fallen back towards US$84,000, extending its retreat from recent highs as a stronger US dollar, elevated Treasury yields and renewed interest rate concerns weigh on cryptocurrency markets. The world's largest digital asset was trading around US$84,205 at the latest check, down about 1.5% on the session after moving between US$83,702 and US$86,634.
Former BitMEX CEO Arthur Hayes believes the AI investment mania will be a major positive catalyst for Bitcoin if it ends up crashing down.
Was the US government behind this major liquidation event?