๐ Two $BTC whales, two opposite moves on the same day โ one woke up from a 6-year slumber and the other is burning alive ๐ญ
The sleeping one: a wallet dormant since March 2020 (when $BTC was at $4K, pre-COVID crash) moved 4,582 BTC today = $378M, spread across 5 new addresses. Its stack multiplied 9x while it slept. Maybe itโs preparing to sell, or just renovating its warehouse โ on-chain data doesnโt say, and the people yelling SELL have already yelled ๐
The one burning: another whale sold 837.8 BTC, bought at $95,434 โ accepting a 13% loss โ and rotated into 27,500 ETH (~$69.7M). This is while ETH/BTC falls to 0.03, its lowest since August. Either they know something, or theyโre buying a falling knife with the neighborโs account ๐ชฆ
My quick take: a totally red day (~$774M liquidated, 89% longs), the market in a panic, and whales moving right on cue. Dormant wallets selling like this often send a signal, but the one rotating into ETH at a loss is the spiciest gossip ๐
What do you see: distribution, or a bored whale moving house? ๐
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading
The sleeping one: a wallet dormant since March 2020 (when $BTC was at $4K, pre-COVID crash) moved 4,582 BTC today = $378M, spread across 5 new addresses. Its stack multiplied 9x while it slept. Maybe itโs preparing to sell, or just renovating its warehouse โ on-chain data doesnโt say, and the people yelling SELL have already yelled ๐
The one burning: another whale sold 837.8 BTC, bought at $95,434 โ accepting a 13% loss โ and rotated into 27,500 ETH (~$69.7M). This is while ETH/BTC falls to 0.03, its lowest since August. Either they know something, or theyโre buying a falling knife with the neighborโs account ๐ชฆ
My quick take: a totally red day (~$774M liquidated, 89% longs), the market in a panic, and whales moving right on cue. Dormant wallets selling like this often send a signal, but the one rotating into ETH at a loss is the spiciest gossip ๐
What do you see: distribution, or a bored whale moving house? ๐
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading