🔥What is happening with Bitcoin? A whale draws attention 👀
Galaxy Digital, the whale in question, moved nearly 30,000 #bitcoin worth $3.5 billion to centralized exchanges on Friday, accelerating the liquidation of nearly 80,201 #BTC , which were transferred to it by an inactive whale from the 2011 era, according to data from Arkham Intelligence.
On Friday morning, observers noted transfers of Bitcoins to various #exchanges , ranging from small amounts of BTC to large sums. After selling the Bitcoins, it proceeded to withdraw stablecoins from the centralized exchanges worth $1.15 billion in the stablecoin #USDT .
According to data from LookonChain, the whale still holds 18,054 BTC in its holdings, which has an approximate value of $2.14 billion. A few days ago, it was reported that a Satoshi era whale had awakened and moved 80,201 BTC. Today it is already known where they went. Meanwhile, the price of Bitcoin has retraced to $114,723.
What will it do with the rest? Will it keep selling or hold for a rise?
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