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Full of output, institutions will definitely absorb it
Crypto飞哥
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This is really big news, a Bitcoin address that has been dormant for 14 years, currently holds 80,000 BTC. This whale is an independent miner from 2011 and once had an address containing 200,000 BTC, with a cost of $3.37. Currently, Bitcoin is at $108,500, yielding a return of 3.21 times over 14 years. This address has made a movement, and today Bitcoin has plummeted directly. It seems everyone is worried about ancient whales dumping. If Satoshi Nakamoto's address moves, BTC is likely to crash by at least 50%.
According to glassnode data, on March 13, the Bitcoin net realized profit/loss metric (Net Realized Profit/Loss, 7d Moving Average) recorded an inflow of $3.642 billion, marking the second highest level in history. The historical highest level of this metric was on January 9, 2021, reaching $3.675 billion. The definition of this metric is the difference between realized profits and realized losses. A positive net realized profit indicates that new funds are being invested into Bitcoin. Will it continue to rise 📈? Let's wait and see.