Bitcoin Crash Linked to Whale Activity: $1.8 Billion in BTC Transferred! 🚨
#ParrotBambooCrypto #CryptoDeNostradame
In the past three days, Bitcoin whales have been on the move, transferring $1.8 billion (that’s 30,000 BTC). This massive whale activity coincided with Bitcoin’s price drop from $64,000 to around $60,700, erasing $100 billion from the crypto market’s value.
The sell wave was first reported by crypto analyst Ali Martinez on X, raising eyebrows across the community. With short-term BTC holders “slowly exiting” the market, the selling pressure appears to be decreasing. According to CryptoQuant analyst IT Tech, this could signal a bottom for Bitcoin, as those coins are finding their way into stronger hands.
IT Tech also noted that BTC is undergoing a unique accumulation phase, fluctuating between $56,000 and $65,000 without a clear direction yet. The upcoming US presidential elections could be a turning point for BTC, especially if Donald Trump is re-elected, which might trigger a bullish trend in the crypto market.
Whales’ buying movements would restore confidence among smaller investors, potentially driving BTC back towards ATH levels.
Is a new Bitcoin rally just around the corner? Stay tuned for more whale moves and market shifts.
Disclaimer: Third-party opinions included. Not financial advice. May include sponsored content.