$BTC Bitcoin whale dumps 24,000 BTC, triggers flash crash, but still sits on $17 billion fortune

Bitcoin whale shocked the crypto market over the weekend by selling 24,000 Bitcoin, worth $2.7 billion, causing BTC’s price to crash by $4,000 within minutes, as per a report.

Bitcoin Whale Moves 24,000 BTC After 5 Years

The wallet behind the massive sale had been untouched for over five years before being sent to the Hyperunite trading platform to entirely liquidate the amount, as reported by Cryptonews.com. According to Sani, a Bitcoin on-chain analyst and founder of the Timechain Index, said on social media platform X that the whale sent 12,000 BTC to the Hyperunite trading platform on Sunday and the whale is “still actively selling,” as quoted by Cryptonews.com.

Even after the sale, the whale remains a large holder in the market, still sitting on 152,874 BTC, valued at more than $17 billion, according to the report.