3 Warning Signs for Bitcoin After 5% Surge to $81K

Bitcoin’s price rallied hard on Wednesday once US trading hours opened, surging to a weekly peak of $81,000 after slumping to a multi-week low of $75,600 just 12 hours prior. However, there are some worrying signs as of now, which could halt its progress or even reverse its trajectory. Who Is Selling? Citing data from Arkham Intelligence, Lookonchain reported earlier today that Trump Media Group, the entity behind Truth Social, has transferred another substantial portion of its BTC holdings to Crypto.com. More precisely, the entity has moved 4,259 BTC (worth over $340 million) to the exchange with the likely intention of disposing of the assets. This is far from the first similar instance in the past several months.

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