What happened!! Is BTC not looking back?? #比特币巨鲸动向
The ancient giant whale 🐳 is moving again: after continuous selling in the morning, just now it transferred two transactions totaling 3500 BTC (worth 400 million USD) to Galaxy Digital.
Total selling volume is 30,000 BTC (about 3.6 billion USD).
Note ⚠️! Currently, this giant whale address still holds 50,000 BTC (about 5.8 billion USD).
The selling pace is rapid: large amounts have been continuously transferred out today. Is the whale boss planning to liquidate all at once? Come on, boss, let's share some insider news and make a profit, hahaha 😂
Actually, it’s not hard to see that although there is huge selling pressure, the price of the coin remains relatively stable. The market has absorbed 3.6 billion USD of sell orders in a short time, and the buying support in the market is still strong.
If this whale is planning to continue selling, we need to observe whether the market liquidity can continue to absorb it! (Set your stop losses, friends, don’t play too recklessly!)
This giant whale is suspected to be a dinosaur-level player who has held positions since 2014 (55555 I envy this so much 😭). The cost of acquisition was extremely low, and they can really hold on 🤪.
If Bitcoin can stabilize against the current selling pressure, it may mean that the bull market is still deep 🐂.