#BTCWhalesMoveToETH
🚨💥 *Bitcoin Whale Warning!* 💥🚨
A massive sell-off occurred in the market when a Bitcoin whale sold 24,000 $BTC (approximately $2.7 Billion) 💸, resulting in a price drop of $4,000 within minutes to $110.5K 📉.
To provide perspective, the whale just sold coins worth $2.7 Billion but still holds 152,874 BTC worth $17 Billion 💸.
📊 On-chain analyst Sani explained that these coins had not been staked for more than 5 years before the whale sent them to Hyperunite for liquidation.
Willy Woo pointed out that the OG whale is now selling at prices that require new money to absorb the sales. 🤔
Meanwhile, funds are rotating into $ETH 🚀 with another whale selling 18,142 BTC ($2 Billion) to then buy 416K ETH 🤯.
Other smaller whales are also starting to participate as $76 Million BTC has been used to open long positions in ETH 📈.
Even with this large sale, analysts remain very optimistic with Alex Krüger pointing out that he believes there will be a rally when the net momentum and prices reclaim $113.5K - $114K 🚀.
Vijay Boyapati even referred to the "sophisticated whales selling" as a "healthy supply release". 🤔
*Current Price:* $112.7K 💸
*RSI:* Overbought Level 📉
