.com - When massive whales move in the sea, they create ripples in the water. Similarly, the movement of owners of large amounts of Bitcoin – known as "crypto whales" – creates a stir on social media, as observers wonder if this movement is a precursor to a sell-off that could lead to downward price volatility.
On Friday morning, two digital wallets transferred 20,000 Bitcoin units, valued at over $2 billion, to new addresses. These movements were first spotted by the "Whale Alert" account, which specializes in tracking blockchain transactions, and were then confirmed by the "Lookonchain" platform. These addresses had received Bitcoin for the first time on April 3, 2011, when the price per unit was around 78 cents.
Currently, the price of Bitcoin exceeds $109,000, which means a staggering return of over 140,000 times for the mentioned wallets. This massive growth provides a strong incentive for holders of these amounts to liquidate their assets and realize huge profits. It is worth mentioning that many long-term Bitcoin holders have started selling their coins since the price surpassed the $100,000 mark.
However, the recent transfers were made to addresses not linked to cryptocurrency exchanges, making it too early to determine whether the goal of this operation is selling or taking profits at this time.
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