Unseen Whale Shakes Bitcoin Market
2025-07-17 08:19:18
Main Idea
A large Bitcoin transfer by an early investor has caused market anxiety, with $4.77 billion worth of BTC moved to a single wallet, followed by a $4.69 billion transfer to Galaxy Digital, contributing to price pressure.
Key Points
1. An early Bitcoin investor transferred $4.77 billion worth of BTC to a single wallet, sparking market anxiety.
2. The same wallet previously sent 40,009 BTC ($4.69 billion) to Galaxy Digital, which analysts linked to a price drop below $120,000.
3. Bitcoin's price stabilized at $118,438 despite the large transfer, showing resilience amid whale activity.
4. Market liquidity is heavily influenced by large holders (whales), making short-term trading challenging.
5. The transfer of long-dormant BTC is seen as a potential sell-off signal, increasing market supply.
Description
Large Bitcoin transfer has sparked concerns about ongoing selling pressure. Institutional flows influence prices, but whales also have significant impact. Continue Reading: Unseen Whale Shakes Bitcoin Market The post Unseen Whale Shakes Bitcoin Market appeared first on COINTURK NEWS .
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