Bitcoin Whale Possibly Initiates Strategic BTC Sale After 14 Years, Market Impact Monitored
Main Idea
A long-dormant Bitcoin whale sold 150 BTC after 14 years of inactivity, using market makers to minimize market impact, while still holding a significant amount of BTC.
Key Points
1. A Bitcoin whale sold 150 BTC after 14 years of inactivity, marking their first transaction in over a decade.
2. The whale utilized market makers to execute the sale strategically, minimizing market impact.
3. The whale still holds 3,678 BTC, valued at approximately $434 million.
4. The transaction was worth $53.42 million and was conducted across institutional platforms.
5. On-chain analysts highlight the significance of such whale movements for market liquidity and investor sentiment.
Description
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