Just as ZEC broke through $1,000, a whale that had held for more than 2 years transferred 22.84 million ZEC into Binance, worth about $23.11 million. Even more striking, the average cost basis of these coins was only $48.44, meaning this single move locked in about $21.96 million in profit, roughly 20x.
Honestly, when an old position starts moving, it’s hard for the market not to get nervous. This address first transferred to a privacy address, then unshielded and switched to a new address, and only after that went into Binance. The whole sequence was pretty complete, like it was ready to cash out.
BTC isn’t feeling too great either. The current price is 79622.00 USDT, down 1.99% over the past 24h, with a high of 81350.00 USDT and a low of 78660.00 USDT. Trading volume is about 1.23B USDT. When the broader market pulls back, smaller coins get even wilder instead: MARSCOIN is up 115.25%, PNT is up 45.23%, and DASH is up 29.75%; on the other hand, NFP is down 65.85% and BETA is down 64.00%. This kind of divergence is really outrageous.
What do you think? Does an old ZEC whale starting to take big profits mean the short-term hype is nearing its end? #BTC #ZEC #币圈 #EveningMarket
Honestly, when an old position starts moving, it’s hard for the market not to get nervous. This address first transferred to a privacy address, then unshielded and switched to a new address, and only after that went into Binance. The whole sequence was pretty complete, like it was ready to cash out.
BTC isn’t feeling too great either. The current price is 79622.00 USDT, down 1.99% over the past 24h, with a high of 81350.00 USDT and a low of 78660.00 USDT. Trading volume is about 1.23B USDT. When the broader market pulls back, smaller coins get even wilder instead: MARSCOIN is up 115.25%, PNT is up 45.23%, and DASH is up 29.75%; on the other hand, NFP is down 65.85% and BETA is down 64.00%. This kind of divergence is really outrageous.
What do you think? Does an old ZEC whale starting to take big profits mean the short-term hype is nearing its end? #BTC #ZEC #币圈 #EveningMarket