Investing.com — Bitcoin traded under $81,000 as large-holder withdrawals and institutional wallet activity raised hopes of a recovery towards $84,000, despite continued uncertainty across cryptocurrency markets.
Bitcoin was trading down 1.25% at $80,841.9 as of 01:15 ET (04:15 GMT) early Saturday, holding above a key demand zone near $80,000 following recent selling pressure.
On-chain data showed that 40 newly created wallets withdrew approximately 9,458 BTC, worth $771.5 million, from trading firm Wintermute since October 1, according to Lookonchain.
The transfers suggest significant activity among large holders, although withdrawals alone do not establish whether the Bitcoin was purchased or moved into longer-term custody.
Meanwhile, Fidelity’s Bitcoin ETF wallet reportedly received 282.63 BTC, valued at $23.08 million, from Binance, while BlackRock-linked wallets received another 384.77 BTC worth approximately $31.4 million.
The transactions, flagged by Onchain Lens, indicate continued institutional wallet activity but do not necessarily represent new ETF inflows.
Bitcoin recorded approximately $465.55 million in net spot exchange outflows on October 22, while dollar-denominated exchange reserves declined 1.35% to $226.33 billion.
Technical indicators also showed improving momentum, with the Parabolic SAR turning bullish and the Money Flow Index reaching 53.74. Sustained support around $81,000 could strengthen prospects of a move towards $84,000.
Separately, Strategy (NASDAQ) chairman Michael Saylor hinted at further Bitcoin-related developments after the company disclosed purchasing 267 BTC for $22.1 million during October 12–18.
Strategy’s holdings reached 848,517 BTC, acquired for approximately $64.02 billion. The company also spent $385.5 million repurchasing STRC preferred shares over two weeks, substantially exceeding its $43.6 million Bitcoin purchases during that period.
In a separate development, Bitcoin Core developers approved faster disclosure and patching of security vulnerabilities that artificial intelligence tools can easily rediscover, replacing potentially lengthy disclosure embargoes.
The change follows increased AI-assisted vulnerability discoveries across Bitcoin infrastructure.
