Big BTC whale moves billions in Bitcoin to new wallets.
The whale moved 20,000 BTC worth $2.4 billion to new addresses.
Analysts expect a new strategy to be in play before another parabolic BTC price pump.
Bitcoin set an ATH of $123,091.61 21 hours ago. Since then, the price of the pioneer crypto asset has retraced to the $117,000 price range, trading at a much lower price. This shows that holders have either taken profits or switched strategies. Presently, big BTC whale moves billions in Bitcoin to new wallets, perhaps preparing a new strategy before a greater surge? Analysts expect $131,000 ATH target next.
Big BTC Whale Moves Billion in Bitcoin to New Wallets
The price of the pioneer crypto asset Bitcoin (BTC) shot up from $113,000 ATH price to $123,000 ATH price in under 2 days. Presently, the price of BTC is trading at the $117,000 price range, giving traders and investors a chance to accumulate at lower prices before surging to a much higher ATH target in the $130,000 price range, as many analysts expect the next ATH for BTC to arrive soon.
Long-term Bitcoin (BTC) holders have likely turned their hundreds and thousands worth of BTC into millions and billions this bull cycle. With the $123,000 ATH price, many may have taken profits. Although it is just as likely that many will hold for a higher high and then rotate profits to potential altcoins set to soar during altseason ,starting with ETH and then possibly rotating profits to other promising altcoins.
https://twitter.com/arkham/status/1944793150595150110
As we can see from the post above, one multibillionaire Bitcoin whale seems to have just moved $2.4 worth of BTC. In detail, this entity had just moved $8.6 billion worth of Bitcoin to 8 new addresses. Most recently, the same BTC whale just moved the entire contents of 2 of those addresses out, and consolidated them in a new address: bc1qmuxrzvnx34j8y6h9leg4zen5gnw7wmfmgp8v2p. Responses to the post show curiosity over the whale’s next move.
https://twitter.com/esatoshiclub/status/1944870410929234016
Another post highlights the same move from the big BTC whales. As we can see from the post above, the same entity moved 20,000 BTC worth $2.4 billion after 14 years of no activity. Specifically, this whale bought BTC in 2010 for only $15,400. Now, the same investment is worth billions, and based on the latest transactions, this BTC whale is working on their next strategy.
Bitcoin Prepares for Greedy Rally
https://twitter.com/CryptoCon_/status/1944829742164635836
With the price of BTC expected to hit higher targets in the coming weeks and months, analysts and whales are both bullish, and many are still holding their BTC despite the high opportunity to take profits at this stage. The post above states that Bitcoin doesn't always get 3 moves to extreme greed in a cycle, but this could be one of them. Currently, in the lower values of greed, with plenty of room for growth, this analyst is very bullish.
