SATOSHI-ERA WHALE MOVES $4.6B IN BITCOIN AFTER 14 YEAR HODL!
A Satoshi-era Bitcoin whale recently transferred $4.6 billion worth of Bitcoin after holding onto it for 14 years. Here's what's happening:
The Whale's Transactions: The whale moved 40,010 BTC worth $4.6 billion on Monday, with 28,600 BTC transferred to Galaxy Digital. On Tuesday, another 10,200 BTC worth $1.2 billion was transferred to Galaxy Digital.
Possible Reason for Transfer: Analysts believe the whale might be looking to sell a significant chunk of their stash, given the transfers to Galaxy Digital, a digital asset management firm.
This could potentially impact Bitcoin's price.
Impact on Bitcoin Price: The whale's transactions have caused some concern among investors, with Bitcoin's price dropping from above $123,000 to around $116,900 after the transfer.
Whale's Holdings: The Satoshi-era whale initially held 80,000 BTC, worth around $9.46 billion. They've already sold 20,000 BTC worth $2.33 billion, and it's unclear if they'll continue selling.
Market Sentiment: Some investors believe the Bitcoin price pump hasn't ended yet, citing strong ETF inflows, long-term holder demand, and rising expectations of a favorable policy shift in Washington.
Key Statistics:
- Bitcoin Price: Currently around $116,748
-24-hour Volatility: 4.6%
- Market Cap: $2.32 trillion
- 24-hour Trading Volume: $70.83 billion#BTC120kVs125kToday #StrategyBTCPurchase #BTCWhaleTracker #USCryptoWeek $BTC