BITCOIN WHALE SELLS 300 BTC AFTER 11 YEARS!

A Bitcoin whale recently sold 300 BTC, valued at approximately $31 million, after holding onto it for 11 years. This significant sale has sparked interest in the crypto community, especially since the whale's wallet had been inactive since 2013.

Key Details:

Sale Amount: 300 BTC, worth around $31 million

Holding Period: 11 years, with the coins initially purchased when Bitcoin's value was a fraction of its current price

Current Bitcoin Price: $103,866.96, with a 2.05% decrease in the last 24 hours

Whale's Wallet:Held the coins since 2013, with the funds recently transferred to a new wallet, potentially indicating an over-the-counter sale or custodial move

Market Impact:

Whale Accumulation:Despite this sale, whale wallets have increased by 231 in the past 10 days, indicating that large holders are accumulating Bitcoin

Retail Sell-off:Conversely, smaller wallets (0.001-10 BTC) have decreased by 37,465, suggesting retail investors are responding to fear and uncertainty

Market Sentiment: This divergence in wallet activity may signal a potential bullish resurgence, as whale accumulation often precedes price rallies .

Expert Insights:

Santiment: The on-chain analytics firm notes that whale wallets are growing while smaller wallets are shrinking, indicating confidence in Bitcoin's near and long-term bullish momentum

Potential Price Movement:The support level at $100,000 and resistance at $110,000 may determine Bitcoin's short-term dynamics .#ScalpingStrategy #USNationalDebt #MarketPullback #BTC $BTC