When massive whales move in the sea, they create ripples in the water. Similarly, the movement of large Bitcoin holders – known as "crypto whales" – creates a stir on social media, as observers wonder whether this movement is a prelude to a sell-off that could lead to downward price fluctuations.
On the morning of Friday, two digital wallets holding the keys "12tLs...xj2me" and "1KbrS...AWJYm" transferred 20,000 Bitcoin units, valued at over 2 billion dollars, to new addresses. These movements were first detected by the account "Whale Alert" specialized in tracking blockchain transactions, and were then confirmed by the "Lookonchain" platform. These addresses had received Bitcoin for the first time on April 3, 2011, when the price per unit was only about 78 cents.
Currently, the price of Bitcoin exceeds 109,000 dollars, which means a phenomenal return of over 140,000 times for the mentioned wallets. This massive growth provides a strong incentive for holders of these amounts to liquidate their assets and realize huge profits. It is noted that many long-term Bitcoin holders have started selling their coins since the price surpassed the 100,000 dollar mark last May.
However, the recent transfers were made to addresses not linked to cryptocurrency exchanges, and no subsequent movements have been recorded from these addresses since they received the coins. Therefore, it is too early to conclude that the purpose of this operation is to sell or take profits at this time.
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