Investors Breathe Easy as Whale Sells Massive Bitcoin Reserve
Main Idea
A whale sold a massive Bitcoin reserve from 2011, totaling 80,000 BTC, through Galaxy Digital, causing significant market movement, yet Bitcoin's price remained stable near all-time highs.
Key Points
1. 80,000 BTC from a 2011 reserve was moved and sold via Galaxy Digital in early July, impacting the market.
2. Galaxy Digital transferred 48,000 BTC (worth $3.5 billion) to exchanges, introducing the whale's 80,201 BTC reserve into the market.
3. Despite the sale of $10 billion worth of Bitcoin in a few days, Bitcoin's price stayed close to all-time highs.
4. Steven commented that the market should aim for higher levels despite the large sell-off.
5. The weekend is expected to be eventful with the announcement of UK agreement details.
Description
The sale of 80,000 BTC caused initial investor concern. Sales through Galaxy Digital relieved the market without a major crash. Continue Reading: Investors Breathe Easy as Whale Sells Massive Bitcoin Reserve The post Investors Breathe Easy as Whale Sells Massive Bitcoin Reserve appeared first on COINTURK NEWS .
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