đš LATEST: A mysterious Bitcoin whale has sold 7,513 BTC worth ~$486.9M over the past three weeks đłđ
What is happening? $LUNC
âą Lookonchain says the whale sold another 1,019 BTC (~$66.4M) in the latest transaction. $NEAR
âą Total selling over three weeks has reached 7,513 BTC, worth roughly $486.9M.
âą The wallet is possibly linked to a Bitcoin miner, although its exact identity has not been confirmed. $SOL
âą Lookonchain also reported that the whale deposited 6,494 BTC (~$420.5M) to Binance during the same three-week period.
What this suggests:
âą Nearly $500M of potential BTC supply hitting the market is significant, especially if the selling continues.
âą However, large transfers don't automatically mean every coin was sold on the open marketâthey can involve exchange deposits, OTC transactions or custody movements.
âą Bitcoin's ability to absorb this supply without a deeper breakdown will be the key signal.
đ Market takeaway:
â ïž Short-term bearish pressure, but not necessarily a market-wide exit. One whale isn't enough to define the entire BTC trend, but 7,513 BTC of sustained distribution is too large to ignore. If ETF/institutional demand continues absorbing the supply, BTC can remain resilient; if buying weakens while the whale keeps selling, downside pressure could intensify.
#BitcoinDunyamiz #ETFs #Lookonchain
What is happening? $LUNC
âą Lookonchain says the whale sold another 1,019 BTC (~$66.4M) in the latest transaction. $NEAR
âą Total selling over three weeks has reached 7,513 BTC, worth roughly $486.9M.
âą The wallet is possibly linked to a Bitcoin miner, although its exact identity has not been confirmed. $SOL
âą Lookonchain also reported that the whale deposited 6,494 BTC (~$420.5M) to Binance during the same three-week period.
What this suggests:
âą Nearly $500M of potential BTC supply hitting the market is significant, especially if the selling continues.
âą However, large transfers don't automatically mean every coin was sold on the open marketâthey can involve exchange deposits, OTC transactions or custody movements.
âą Bitcoin's ability to absorb this supply without a deeper breakdown will be the key signal.
đ Market takeaway:
â ïž Short-term bearish pressure, but not necessarily a market-wide exit. One whale isn't enough to define the entire BTC trend, but 7,513 BTC of sustained distribution is too large to ignore. If ETF/institutional demand continues absorbing the supply, BTC can remain resilient; if buying weakens while the whale keeps selling, downside pressure could intensify.
#BitcoinDunyamiz #ETFs #Lookonchain