When the Bitcoin whale saw the price at $60,000, he took action to sell for millions of dollars.
According to data provided by on-chain analysis platform Lookonchain, a whale turned the rise in Bitcoin price into a selling opportunity.
Current data revealed that the whale in question transferred 205 BTC worth $12.4 million to the cryptocurrency exchange Binance on September 14.
If the whale sells his Bitcoins, he will make a profit of $2.36 million.
This period, when the Bitcoin price approached $60,000, was considered a selling opportunity for many whales. This situation revealed that volatility could increase at any time in the cryptocurrency markets.
Experts stated that they expect more whale movements, especially when the Bitcoin price approaches the psychological resistance of $ 60,000.
It was also a matter of curiosity how such large sales would affect confidence in the market. If the whale's sales transaction was not received positively by the market, it was thought that Bitcoin could experience a pullback in the short term.
According to CoinGecko data, Bitcoin, which has increased by 1% in the last 24 hours, is traded at $59,800 at the time of writing.
Stay tuned for new information.
