#BTCWhaleMovement *#BTCWhaleMovement*
When a large whale moves in the sea, it creates ripples in the water. Similarly, when a large bitcoin...
The holder, often referred to as a crypto whale, moves their coins on-chain, causing a stir on social media and leading observers to wonder if it is the prelude to a sell-off and downward price volatility.
On Friday morning, two wallets, named " 12tLs...xj2me " and " 1KbrS...AWJYm ", transferred 20,000 BTC, worth over $2 billion, to new addresses. These flows were first detected by blockchain researcher Whale Alert and later by Lookonchain. The addresses received these coins on April 3, 2011, when the price of bitcoin was around 78 cents.
Today, BTC exceeds $109,000, implying an astonishing return of 140,000 times for the two whale addresses, meaning they have a strong incentive to liquidate their holdings. Many long-term holders have been selling their coins since BTC surpassed $100,000 in May.
That said, the latest transfers were made to non-exchange addresses, which have remained silent since receiving these coins. Therefore, it is premature to conclude that the transfer operation seeks to realize profits.
