7.700 BTC sold in three days—Is the Bitcoin rally threatened?
An unknown Bitcoin whale takes advantage of the BTC rebound toward $80,000 to reduce its positions. In three days, this address reportedly sold 7,700 BTC for about $576.6 million. The latest transaction alone represents 2,700 bitcoins—around $212 million. However, the market keeps rising.
The whale is said to have sold 7,700 BTC between August 19 and 22.
The transactions represent approximately $576.6 million.
Bitcoin reached $79,500 before pulling back to around $77,000.
Bitcoin: 7,700 BTC sold in three days
The last transaction corresponds to 2,700 BTC. The whale would have recovered about $211.8 million. This kind of move echoes earlier phases in which Bitcoin whales sold as soon as the price rose.
It wasn’t their first sale of the week. Between August 19 and 22, the total reached 7,700 BTC—about $576.6 million. The identity of the holder remains unknown. On-chain data makes it possible to track wallet movements, but not why the owner is selling now. Taking profits is still a possibility.
The timing is striking. Bitcoin has just posted its best week since 2024. BTC is up more than 20% and hit $79,500 before falling back to around $77,000. So the whale sells during the upswing. For now, the market absorbs the bitcoins.
$BTC
$ONDO
$CHA.US
#BTC
An unknown Bitcoin whale takes advantage of the BTC rebound toward $80,000 to reduce its positions. In three days, this address reportedly sold 7,700 BTC for about $576.6 million. The latest transaction alone represents 2,700 bitcoins—around $212 million. However, the market keeps rising.
The whale is said to have sold 7,700 BTC between August 19 and 22.
The transactions represent approximately $576.6 million.
Bitcoin reached $79,500 before pulling back to around $77,000.
Bitcoin: 7,700 BTC sold in three days
The last transaction corresponds to 2,700 BTC. The whale would have recovered about $211.8 million. This kind of move echoes earlier phases in which Bitcoin whales sold as soon as the price rose.
It wasn’t their first sale of the week. Between August 19 and 22, the total reached 7,700 BTC—about $576.6 million. The identity of the holder remains unknown. On-chain data makes it possible to track wallet movements, but not why the owner is selling now. Taking profits is still a possibility.
The timing is striking. Bitcoin has just posted its best week since 2024. BTC is up more than 20% and hit $79,500 before falling back to around $77,000. So the whale sells during the upswing. For now, the market absorbs the bitcoins.
$BTC
$ONDO
$CHA.US
#BTC
