#BTCWhaleMovement Bitcoin Whales Wake Up From 14-Year Slumber to Move Over $2B of BTC
The transfers showed no signs of a profit-taking operation.
What to know:
Two crypto wallets moved 20,000 BTC, valued at over $2 billion, to new addresses.
The coins were originally received in 2011 when bitcoin was priced at 78 cents, now yielding a 140,000-fold return.
The latest transfers show no signs of profit taking operation.
When a large whale moves in the sea, it creates ripples across the water. Similarly, when a large bitcoin
BTC
$108,206.35
holder, often referred to as a crypto whale, moves its coins on-chain, that creates buzz on social media, prompting observers to wonder if it's a prelude to a sale and downside price volatility.
