BTC whales woke up from 14 years to sleep to move more than $ 2B of BTC, on-chain data show
When a large whale moves to the sea, it creates ripples throughout the water. Similarly, when a big bitcoin
The holder, often referred to as a whale whale, moves its coins, creating buzz on social media, which motivates the observers to wonder if it is a prelude to a sale and drop of price volatility.
Early Friday, two purses, labeled “12Tls … xj2me“And”1kbrs … awjym,“Moved 20,000 BTC, which costs more than $ 2 billion, to new addresses, according to data monitored by Blockchain Sleuth Lookonchain. The addresses received these coins on April 3, 2011, when Bitcoin prices around 78 cents.
Today, BTC is over $ 109,000, indicating a tedious 140,000-fold return for two whale addresses, which means they have a strong incentive to liquid their holdings. Many long -term holders have seller their coins since the BTC crossed above $ 100,000 in May.
That said, the latest shift has been made in non-exchange addresses, which have been silent since the receipt of these coins. So, it’s too early to conclude that the transfer operation is aimed at getting income.
