🚨 $BTC
8.6B in Bitcoin Moved – No Signs of Selling, Says Arkham
A massive Bitcoin whale just moved 80,000 BTC worth $BNB
8.6 billion — the first time in over 14 years — sparking major speculation across the crypto world. But according to blockchain intel firm Arkham, this whale isn’t selling… just upgrading.
> "The $BNB 8B transfers were likely address upgrades, moving from legacy 1-addresses to modern bc1q (Native SegWit) addresses. No signs of a sell-off," Arkham stated on X.
🛠️ Legacy to SegWit Upgrade
The whale originally bought BTC between $0.78 and $3.37 per coin years ago. Arkham believes the move was purely technical — a cold storage upgrade to more secure, lower-fee SegWit wallets.
Still, the market briefly wobbled as fear of a dump spread. Some suspected it was a setup to create FUD and manipulate prices. Others even floated wild theories — including potential government involvement.
🧊 Not Selling (Yet), But...
While Arkham sees no selling intent, 10x Research noted early holders have slowly been offloading BTC to meet demand from ETFs and corporate buyers. Notably, PlanB admitted converting all his BTC into ETFs for convenience earlier this year.
⚠️ Wallet Hack Rumors
Coinbase’s Conor Grogan raised alarm bells, suggesting the move might be a wallet compromise. He noted a suspicious BCH test transaction occurred first — possibly a discreet private key test.
> “If confirmed, it could be the biggest hack in crypto history,” Grogan warned.
Meanwhile, CZ reflected on early BTC prices, saying, “I got into crypto too late,” remembering whales bought at $0.1.
Some even speculate that Roger Ver — recently released from a Spanish prison — could be behind the move, though there’s no confirmation.
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💡 Crypto Lesson: Not every big whale move is bearish. Sometimes, it's just good old wallet hygiene.
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