Bitcoin in Shock: A "Sleeping" Whale Rises and Leaves Everyone in Suspense 📈
Attention, attention, crypto people! Here I bring you a bombshell of information. Imagine this: a Bitcoin address that had been silent for 14 years has awakened and moved an amount of BTC that would leave you shaking. We are talking about an "OG whale" (that means Original Gangster in the crypto world, the old school!) that, after more than a decade of dormancy, has transferred a staggering 40,191 Bitcoin to Galaxy Digital. And yes, this smells like a monumental sale is coming. 😲
On July 4, this whale gave us a first thrill by moving approximately 80,000 BTC, valued at that time at around $9.6 billion. Madness! And now, it has sent the rest of its fortune, these 40,191 BTC, which, at current Bitcoin prices (hovering around $120,385 🚀), are worth over $4.8 billion. To give you an idea of the scale, that’s more money than many countries have in their reserves! 🤯
According to experts, like Lookonchain, the movement to Galaxy Digital is not an accident. This company offers "OTC" (Over-The-Counter) sales services, which means a private and giant sale, outside of public exchanges. Why is this important? Because moving such a large amount of Bitcoin directly onto a public exchange could destabilize the market. Thus, they do it discreetly to avoid causing chaos. Imagine the impact if these nearly $4.9 billion hit the market all at once! 😱
The big question everyone is asking is: Who is this mysterious whale? 🕵️♀️ With so much Bitcoin moving after so long, theories are flying. Some have speculated that it could be the famous Roger Ver, or even, hold on!, Satoshi Nakamoto (the anonymous creator of Bitcoin). But Conor Grogan, director of Coinbase, calms us down a bit and suggests that the most likely scenario is that it’s one of the early Bitcoin miners from back in 2011, when the reward for mining a block was 50 BTC (compared to 3.125 BTC today!). Think about it, in 2011, those 80,000 BTC were worth barely $62,400. Now, 14 years later, that’s $9.6 billion! It’s living proof of Bitcoin's incredible valuation. 📈
So, the next time you hear about Bitcoin, remember this story of a whale that slept for years and woke up to make waves. What will happen with all this Bitcoin? Will we see a seismic movement in the market? Stay tuned because this is just the beginning! 👀$BTC
