Happycoin.club - On June 11, a Bitcoin wallet that had been dormant for 5.5 years was activated, after which 8,000 BTC were sent from it to Binance. If this investor were to sell all of his coins at current prices, he would make a profit of over $535 million.
The owner of the address “1FMbcnYvvccZ6hR324cFRpn1QX9TCkqtAe” purchased 8,000 BTC at an average price of $3,810, Lookonchain reported.
More precisely, 1FMbcnYvvccZ6hR324cFRpn1QX9TCkqtAe received 6800 BTC on November 28, 2018 at a price of $3754 per coin. On December 5, the crypto whale added another 1,000 BTC worth $3,487, and on March 13, 2019 – 200 BTC.
Balance history 1FMbcnYvvccZ6hR324cFRpn1QX9TCkqtAe. Source: Santiment
Moving all coins now signals bearish sentiment for that user. Analysts attribute the increase in volatility to the meeting of the Federal Open Market Committee of the US Federal Reserve and the decision on the interest rate.
Additionally, low Bitcoin network activity, as measured by on-chain transaction volume and spot trading volume, also indicates a lack of interest in BTC beyond speculative demand through derivatives futures and exchange-traded funds (ETFs).
On the evening of June 11, the price of Bitcoin suffered a significant decline to a daily low of $66,200, showing a daily loss of more than 3%.