This afternoon at 15:27, Bitcoin along with a bunch of altcoins collectively plummeted, and the market was in mourning! But just 4 hours before this bloodbath, a Bitcoin whale that had been asleep for four years suddenly woke up!
On-chain detective Ai revealed explosive news: The address 0x21F...514b3, this guy, back in April 2021 when Bitcoin was at a high of 56,000 dollars, dumped 9.92 million dollars to hoard 176 WBTC (an ERC20 token pegged to Bitcoin), but later the price dropped sharply, and his holdings shrank to 2.89 million, almost losing everything! But this guy hasn’t sold a single coin in four years, holding on till the end!
The magic has arrived! Just today at noon, this whale suddenly acted, dumping 50 WBTC into Binance! Based on the current price, netting a profit of 2.91 million dollars! Even more astonishing, the remaining 138 coins have a floating profit of up to 8.03 million dollars! And 4 hours later, the market crashed!
Mig's analysis:
Precise top escape is terrifying upon reflection! A whale that hasn't moved for 4 years just happened to sell before the crash, do you think that’s a coincidence? My back is definitely cold! Old whales have a better sense of market undercurrents than a dog’s nose!
Retail panic nuclear button! Once this news spreads, 'If the whales have run, what are we waiting for?' — A large number of retail investors follow suit and sell off, directly fueling the afternoon crash! Especially in the Chinese retail investor circle, the WeChat group has exploded: 'Old whale has come with a sickle to harvest!'
But don’t panic! The whales haven’t all run away! 138 Bitcoins are still in hand, indicating the big shots remain optimistic long-term! The short-term crash is more about panic emotions + leveraged liquidation chain reactions, similar to the '519' incident in 2021!
Ending impact hook:
The movements of whales are the market's barometer! Want to keep an eye on these mysterious big players' wallets in real-time?
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