#creatorpad
🚀 70 whales awaken: 2,800 BTC move after a deep slumber!
Event:
• Despite the volatility, the price of Bitcoin (BTC) achieved a monthly gain of 5.16% in September.
• The most significant phenomenon: 2,803.62 Bitcoin, valued at 342 million dollars, were moved from 70 wallets that had remained dormant for many years (dating back to Bitcoin's early days).
What does this mean?
1. Potential profit-taking: original owners (early miners) may decide to realize part of their enormous profits.
2. Asset reorganization: this process may simply be a transfer of coins to more secure wallets (such as multi-signature wallets or hardware wallets).
3. A signal of confidence: the movement of these assets may be preparation to take advantage of current market conditions or upcoming bullish cycles.
Market impact:
• These moves always raise concerns about large selling, but historically they are not always a direct indicator of massive selling; rather, they may be a strategic repositioning by early investors.
Risk disclaimer: Trading cryptocurrencies involves high risks. This information is informative and does not constitute investment advice.
Follow me for more exciting cryptocurrency news and professional analyses!
@Plume - RWA Chain @rumour.app @Boundless @BounceBit @Pyth Network
