$BTC Approximately 9 hours ago, 14,929 $BTC, valued at $1.26B, was unstaked from the Babylon Bitcoin staking protocol.
This massive withdrawal has sparked concerns about potential selling pressure, with some X users speculating it could drive $BTC’s price down in the short term.
Others have called on Babylon Labs for clarity to stabilize the $BABY token price amid the unrest. Babylon enables native $BTC staking without bridges, rewarding stakers with $BABY token inflation.
The unstaking event follows Bitcoin’s DeFi TVL hitting $8B in late 2024, reflecting sector growth despite volatility.
What could this whale’s unstaking mean for Bitcoin’s DeFi momentum?
