Bitcoin Nosedives Under $117,000 As Enormous OG Whale Cashes Out $2 Billion BTC After 14-Year HODL
2025-07-15 12:03:57
Main Idea
A dormant Bitcoin whale transferred $2 billion worth of BTC to Galaxy Digital, causing Bitcoin's price to drop from over $122,000 to under $117,000.
Key Points
1. A Satoshi-era whale moved approximately 20,000 BTC (worth over $2 billion) to Galaxy Digital in multiple transactions.
2. Bitcoin's price fell from above $122,000 to under $117,000 following the whale's transfer.
3. The whale's wallet, inactive for years, was emptied after the final transfer of 3,160 BTC.
4. The BTC was originally acquired in 2011 when Bitcoin was valued between $0.78 and $3.4 per coin.
5. The transfer spooked traders, contributing to a 4.7% drop in Bitcoin's price within 24 hours.
Description
Bitcoin plunged from above $122,000 to under $117,000 on Tuesday after the wallet tied to a Satoshi-era whale moved roughly 20,000 BTC.
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