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Bitcoin Whale That Has Been Sleeping for 11 Years Suddenly Wakes Up After Turning $1.6 Million into $266 Million
According to data provided by cryptocurrency analytics firm Lookonchain, a whale that owned 2,700 bitcoins (worth over $266 million at current value) has suddenly moved his entire holding after 11 years of inactivity.
The whale had purchased 2,700 bitcoins in December 2013, when the cryptocurrency was worth just around $625.
The massive move has sparked widespread interest on social media, as such moves are typically associated with price increases, which put downward pressure on the value of the currency as a result of massive whale selling.
One user on the X platform (formerly Twitter) quipped: “Maybe this guy waited until they got divorced first.”
While others suggested that the whale may have decided to sell his Bitcoin stash too soon, with one saying: “He should have held it until it hit $1 million!”
Bitcoin transfers from wallets that have been dormant for long periods of time are not uncommon, but this one was particularly eye-catching given its sheer size. It’s extremely rare for these wallets to hold more than 1,000 Bitcoins.
#btc #usdt $BTC $ETH $XRP
According to data provided by cryptocurrency analytics firm Lookonchain, a whale that owned 2,700 bitcoins (worth over $266 million at current value) has suddenly moved his entire holding after 11 years of inactivity.
The whale had purchased 2,700 bitcoins in December 2013, when the cryptocurrency was worth just around $625.
The massive move has sparked widespread interest on social media, as such moves are typically associated with price increases, which put downward pressure on the value of the currency as a result of massive whale selling.
One user on the X platform (formerly Twitter) quipped: “Maybe this guy waited until they got divorced first.”
While others suggested that the whale may have decided to sell his Bitcoin stash too soon, with one saying: “He should have held it until it hit $1 million!”
Bitcoin transfers from wallets that have been dormant for long periods of time are not uncommon, but this one was particularly eye-catching given its sheer size. It’s extremely rare for these wallets to hold more than 1,000 Bitcoins.
#btc #usdt $BTC $ETH $XRP
Bitcoin to 10k be careful then be careful and get out of the market #usdt
#Bitcoin update
In short, Bitcoin is moving sideways between a buy block order and represents strong support from the 60800 to 59500 areas and a sell block order from the 71728 to 73750 areas and represents strong resistance.
In addition to the downward channel that Bitcoin is still moving in, and also a bullish banner pattern that is activated by breaking and closing above 68 thousand.
This means that as long as Bitcoin is above 59,500, it is good, and support from 60-59 is good and a return to the price, and it is an area of return of opportunity for what follows later. When will there be concern about the correction by closing more than daily below this order, a block or weekly, and it should be updated after reaching the 71k areas?
Do not be overwhelmed by the upcoming movement, because there is a cross-section between support and resistance, and the relief in terms of the chart is near, and if the correction occurs, it may be with flash candles, and I will update you successively.
#solana #Binance #bitcoin
In short, Bitcoin is moving sideways between a buy block order and represents strong support from the 60800 to 59500 areas and a sell block order from the 71728 to 73750 areas and represents strong resistance.
In addition to the downward channel that Bitcoin is still moving in, and also a bullish banner pattern that is activated by breaking and closing above 68 thousand.
This means that as long as Bitcoin is above 59,500, it is good, and support from 60-59 is good and a return to the price, and it is an area of return of opportunity for what follows later. When will there be concern about the correction by closing more than daily below this order, a block or weekly, and it should be updated after reaching the 71k areas?
Do not be overwhelmed by the upcoming movement, because there is a cross-section between support and resistance, and the relief in terms of the chart is near, and if the correction occurs, it may be with flash candles, and I will update you successively.
#solana #Binance #bitcoin
The market is heading for a sharp decline 👀 Fasten your belts
Bitcoin Chops Around $64K, With Japanese Yen's Tumble Maybe Signaling 'Currency Turmoil,' Analyst Says
The yen's volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview.
The yen's volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview.
Advice from a trading professional: Fasten your belts, doge currency
I'll fly to $0.5
#Binance #DogecoinFever #DOGE🔥🔥
I'll fly to $0.5
#Binance #DogecoinFever #DOGE🔥🔥
Bitcoin reaches 70k $ and then drops to 20k $ from the trading professional 😍
What happens? The coins are all red 😢😢😢
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