Dormant Bitcoin Whale Awakens After 14 Years, Sells 450 BTC Through Market Makers
Main Idea
A Bitcoin whale dormant for over 14 years sold 450 BTC through market makers, retaining 3,678 BTC, signaling rare large-scale market activity.
Key Points
1. The whale sold 450 BTC after 14 years of dormancy, transferring 150 BTC in batches over five days to Coinbase, B2C2, and Wintermute.
2. The total value of the sold BTC was approximately $53.42 million.
3. The whale still holds 3,678 BTC, valued at around $434 million, which could influence Bitcoin's market dynamics.
4. Bitcoin whale movements often signal potential market shifts and can impact price volatility.
5. The distribution of the 450 BTC was strategic, with 50 BTC each sent to Coinbase, B2C2, and Wintermute, totaling $5.94 million per market maker.
Description
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