- Bitcoin was trading close to its 200-week moving average while Trump Media was selling off its BTC.
- Trump Media sold off 2628 BTC and held 4261 BTC after the latest transaction.
- According to historical data, Bitcoin had rebounded from each test of its 200-week moving average.
The Bitcoin 200-Week Moving Average remains a key point of attention as Trump Media & Technology Group continued reducing its Bitcoin holdings through another series of blockchain-recorded transfers.
The latest transactions came as market participants monitored Bitcoin’s position near a long-term technical support level that has historically coincided with previous market bottoms.
Trump Media Records Another Bitcoin Transfer
Blockchain analytics platform Lookonchain reported on Sunday that Trump Media transferred 2,628 Bitcoin, valued at approximately $165 million, to Crypto.com.
Source: Lookonchain
According to Arkham’s wallet records, one transfer consisted of 2,429 BTC, while another moved 198.9 BTC. The transactions added to previous transfers recorded from wallets associated with Trump Media.
Latest Wallet Activity
- Two blockchain transactions accounted for the reported transfer of 2,628 BTC.
- The latest movement followed an earlier transfer of 2,650 BTC recorded on May 22.
Lookonchain reported that Trump Media initially accumulated 11,542 BTC at an average purchase price of $118,522 before beginning to reduce its holdings approximately seven months ago.
Based on the platform’s calculations, the company has now sold a combined 7,281 BTC during that period. Those sales were estimated to be worth approximately $545 million, with an average selling price of $74,855 per Bitcoin.
Arkham data showed that Trump Media continued to hold 4,261 BTC following the latest transfers. As of the time of publication, the value of those stocks stood at around $269.8 million.
Bitcoin 200 Week Moving Average Under the Microscope
Although blockchain statistics showed movements in company stocks regarding Bitcoin, the Bitcoin 200 Week Moving Average continued to be another important trend.
This indicator shows an average weekly closing price of Bitcoin for the past 200 weeks. According to the given market statistics, the moving average is in the range of around $54,000 and $64,000. Bitcoin was quoted at $62,000 on July 31, 2026.
Current Technical Position
- The reported Bitcoin price sits within the current 200-week moving average range.
- Historical data cited in the analysis states the indicator has never been broken on a weekly closing basis.
Historical price records referenced in the analysis identified three previous occasions when Bitcoin declined to the 200-week moving average before later establishing higher price levels in subsequent market cycles.
Previous Market Cycles Tested the Indicator
The first historical test occurred during the 2015 market downturn. The value of Bitcoin fell from its peak at $1,163 in November 2013 to $152, resulting in an 87% fall. The 200-week simple moving average held up fine until Bitcoin went on to reach a price of $19,783 in December 2017.
A second test followed during the 2018 bear market. Bitcoin fell from its previous all-time high of $19,783 to approximately $3,122, an 84% decline. The historical record cited in the analysis indicated that the 200-week moving average again remained in place before Bitcoin later reached $69,000 in November 2021.
The third example occurred after the market downturn linked to the 2022 collapse that included the Terra Luna failure and the FTX bankruptcy.
Bitcoin was at $69,000 but fell to about $15,476 before it reached the same long-term moving average. From the historical timeline shown below, Bitcoin managed to rise to $126,000 in October 2025.
Historical Pattern
- The 200-week moving average was tested in 2015, 2018, and 2023.
- Each historical test was followed by Bitcoin reaching a new all-time high in a later market cycle.
The historical data referenced in the analysis stated that Bitcoin has never recorded a weekly close below the 200-week moving average throughout its trading history.
Sales Coincide With Ongoing Crypto Policy Debate
The reported Bitcoin transfers also came as lawmakers continued discussions surrounding the Digital Asset Market CLARITY Act.
The current debate over the legislation has included ethics provisions, digital asset ownership, and questions regarding potential conflicts involving public officials connected to cryptocurrency ventures.
Critics have referenced several Trump-linked digital asset projects during those discussions, including the Official Trump (TRUMP) token, the Melania (MELANIA) token, World Liberty Financial’s WLFI governance token, and the USD1 stablecoin.
Frequently Asked Questions
Why did Trump Media attract attention in the Bitcoin market?
Blockchain data showed the company transferred an additional 2,628 BTC to Crypto.com, extending reported Bitcoin sales that have taken place over the past seven months.
How much Bitcoin does Trump Media still hold?
According to Arkham wallet data cited in the report, the company retained 4,261 BTC following the latest transfers.
What is the reason for tracking the 200-week moving average?
The report cites historical data that Bitcoin price tested the moving average but failed to close below it every time in past bear markets.
