$BTC
Bitcoin Whale Sells 300 BTC After 11 Years
A long-time Bitcoin holder (known as a “whale”) has sold 300 $BTC — worth around $31 million — after keeping it untouched for over 11 years. The wallet had received its last Bitcoin back in 2013 and had no activity until now.
The coins were recently moved to a new wallet, possibly for a private (over-the-counter) sale or to a crypto custody service.
At the same time, analysts are noticing more whale wallets appearing, while smaller wallets are decreasing — a sign that bigger investors may be taking control.
Also, $BTC Bitcoin’s Bollinger Bands — a tool used to predict price moves — are tightening. This usually means a big price breakout could happen soon, especially if key resistance levels are broken.