🚨 Bitcoin whales are dumping, the market is shaking strongly
📌 Early morning on August 25, BTC dropped straight from $114.7K to $110.6K in just 15 minutes, wiping out nearly $560M in derivatives – of which 42% were long BTC positions that were 'liquidated'.
📌 A whale sold 6,000 BTC (~$670M) this morning, plus 12,000 BTC yesterday. In total, from last week until now, the amount of BTC dumped could reach up to 18,000 – 24,000 BTC (equivalent to $2B – $2.7B).
📌 Where is the money going? This whale has shifted all its capital to Ethereum, holding up to $2.62B ETH (including $1.3B spot ETH being staked for the long term).