The price of Bitcoin has reached $63,000, and a significant whale took advantage of this price surge by selling 1,030 BTC, worth $64.27 million, to break even on a previous investment. This has increased activity within the wider crypto market. The whale had previously redeemed 5,404 BTC, approximately $352.97 million, from Binance between March 18 and May 16. They then sold 4,856 BTC, worth $317.87 million, at an average price of $65,459 since May 21 to break even. The timely decisions made by the whale highlight the volatility of the crypto sector. Whales have the ability to impact market events and their selling activity could lead to temporary market volatility and indicate a shift in investor sentiment. The fact that investors are optimistic about Bitcoin's future performance is reflected in the increasing price.
- Content Editor ( blockchainreporter.net )
- 2024-09-20
Bitcoin Whale Offloads $64M in $BTC as Price Soars Past $63K