A Bitcoin whale from the Satoshi era awakens and raises alarm.🚨🚨🚨
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#NFPWatch #TrumpVsMusk Concerns over a massive sell-off by a Bitcoin whale from the Satoshi era loom over crypto investors. Recently, a gigantic wallet from 14.4 years ago made fund movements that could shake the price of BTC due to its magnitude. In this sense, this whale holds approximately $2.1 billion in the largest cryptocurrency.
According to data from Lookonchain, this entity may decide to take its profits, which consist of 14,000,000%. This is a sufficiently positive return to overlook, unless the whale does not need that capital at the moment.
However, the mere fact that it is making fund movements after more than 14 years of inactivity raises concerns. On the other hand, it is likely that these movements aim to rotate funds to maintain hygiene in terms of security. Likewise, it is possible that the wallet has made a sale outside of exchanges, that is, through a private deal with a buyer.
The latter is a positive element, as the investor would have taken their profits without affecting liquidity in the market. In any case, the community remains alert, and a sharp price drop for Bitcoin is not ruled out if this whale decides to liquidate its funds on a centralized exchange.