The dormant Bitcoin whales’ moves spark market anticipation 🚨
Two veteran Bitcoin investors transferred 0.0005 BTC (about $43) as a test after more than 13 years of complete inactivity.
The partners hold a wallet containing 1,346 BTC (currently valued at about $115 million), which they bought in 2011 for a total cost of only $240,000 (an average price of $178 per coin), achieving astonishing profits reaching 479 times the original investment.
Impact on the Bitcoin price:
A short-term wave of anxiety: A test transfer often precedes larger sell-offs, which may temporarily pressure the price due to traders’ fears of profit-taking.
A liquidity check: The market can absorb this amount ($115 million) easily without changing its overall direction, though the movement of old wallets (“Whale Movement”) increases the level of panic and near-term volatility.
Do you expect them to go for direct selling, or just redistributing their assets?
#BTC #bitcoin #Whale.Alert #WhaleMovements
$BTC
Two veteran Bitcoin investors transferred 0.0005 BTC (about $43) as a test after more than 13 years of complete inactivity.
The partners hold a wallet containing 1,346 BTC (currently valued at about $115 million), which they bought in 2011 for a total cost of only $240,000 (an average price of $178 per coin), achieving astonishing profits reaching 479 times the original investment.
Impact on the Bitcoin price:
A short-term wave of anxiety: A test transfer often precedes larger sell-offs, which may temporarily pressure the price due to traders’ fears of profit-taking.
A liquidity check: The market can absorb this amount ($115 million) easily without changing its overall direction, though the movement of old wallets (“Whale Movement”) increases the level of panic and near-term volatility.
Do you expect them to go for direct selling, or just redistributing their assets?
#BTC #bitcoin #Whale.Alert #WhaleMovements
$BTC
