🔥Large Transaction Alert🔥
686
$BTC (equivalent to about 60,580,019 USD) has just been transferred from an unidentified wallet to the Gate exchange.
💪Perhaps when seeing BTC price exceed 88k, whales took the opportunity to transfer
#BTC to the exchange. In my opinion, the high intention is to sell when the BTC price increases; regarding the reason for transferring to intimidate, that may not be the case.
🙂↕️If I put myself in the position of a whale, when seeing the price rise after a long decline, I would also take the opportunity to sell, because I feel that the trade war is still ongoing, Trump and Powell are tense, 🧐there's no reason for it to uptrend so quickly, it will definitely drop again, and if it does drop, I can buy back at a lower price, which is still okay.🤜
=> Therefore, I deduce that the transfer to the exchange is to sell (this is just my opinion based on my psychology, it may not align with others' views; if anyone has different opinions, please share)😘
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