Bitcoin Plunges as Enormous Satoshi-Era Whale Begins Selling Holdings
2025-07-15 06:06:41
Main Idea
Bitcoin experienced a significant price drop due to large-scale transfers from a Satoshi-era whale, causing market volatility and massive liquidations.
Key Points
1. Bitcoin (BTC) plunged below $117,000, hitting an intraday low of $116,218, before a modest recovery.
2. A Satoshi-era whale transferred 9,000 BTC (approx. $1.06 billion) to Galaxy Digital, followed by another transfer of 7,843 BTC to exchanges like Binance and Bybit.
3. The market saw $406 million in long positions liquidated within a short period due to the price drop.
4. Bhutan's government sold approximately 512.84 BTC (valued at $59.47 million) amid Bitcoin's all-time highs.
5. Dogecoin (DOGE) showed a bullish signal similar to its late 2020 rally, while XRP surged past the $3 mark.
Description
Bitcoin (BTC) experienced a significant price plunge earlier today, Tuesday, July 15, 2025, driven by the unexpected movement of an enormous Satoshi-era whale beginning to liquidate its long-dormant holdings. The flagship cryptocurrency briefly dipped below the $117,000 mark, hitting an intraday low of $116,218, before a modest recovery. Massive Transfers Trigger Market Volatility According to … Continue reading "Bitcoin Plunges as Enormous Satoshi-Era Whale Begins Selling Holdings" The post Bit...
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