đ Satoshi-Era Bitcoin Whale Moves $1.1B BTC! đš
A long-inactive Bitcoin whale from the Satoshi era has stirred the market by transferring over $1.1B worth of BTC to major exchanges through Galaxy Digital.
Key Highlights:
The whale, holding 80,000 BTC (~$9.7B), started offloading $1.1B BTC to exchanges.
Analysts believe the remaining $1.38B BTC can still be absorbed by the market with minimal impact.
Some experts view these transfers as institutional accumulation, not a bearish event.
đĄ Market Insight:
Despite concerns over selling pressure, analysts suggest the shift to institutional buyers could strengthen BTCâs long-term outlook.
SOL Token Drops 3.15% Amid $57M Liquidations, Lawsuit NewsâDevelopers Push Network Upgrade
Solana (SOLUSDT) experienced a price decline of 3.15% over the last 24 hours, with the current price at $180.17 on Binance, down from a 24h open of $186.03. This drop is primarily attributed to broader market volatility, significant liquidations totaling over $57 million (with 86.79% from long positions), and negative sentiment following a class-action lawsuit involving participants in the Solana ecosystem. Despite these pressures, Solana developers are advancing a proposal to increase network capacity, and institutional interest remains strong, as evidenced by recent large-scale acquisitions and the launch of new staking products. Solana maintains a high market capitalization near $95.5â$97.5 billion, with a circulating supply of approximately 538â540 million SOL and robust 24-hour trading volumes between $8.96 billion and $20.24 billion, reflecting continued active market participation.