#BTCWhaleMovement

On July 4th, unusual movements of Bitcoin whales that had been dormant since 2011 were observed.

- Transfers of 20,000 BTC (≈2,000 M USD) to new wallets were recorded.

- Other analysts report up to 60,000 BTC (~6,500 M USD), retaining a large portion off exchanges.

- The activity caused a slight correction: BTC dropped by 2% from ~110,000 USD to around 107,600 USD.

- These old whales usually move funds for management reasons, not necessarily to sell.

This is a relevant issue: by releasing BTC accumulated for over a decade, an institutional trend in the market can be confirmed.