14-jährige ruhende Brieftaschen-Dumps 20k BTC, Stoking Correction Sory
14-Year Dormant Wallet Dumps 20K BTC, Stoking Correction Worries
14-jährige ruhende Brieftaschen-Dumps 20k BTC, Stoking Correction Sory
14-Year Dormant Wallet Dumps 20K BTC, Stoking Correction Worries
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tldr; A dormant Bitcoin wallet from 2011 holding 80,000 BTC has reactivated, liquidating 20,000 BTC worth $2.4 billion and transferring funds to Galaxy Digital. This activity has sparked fears of a market correction, drawing comparisons to the 2024 Mt. Gox-triggered sell-off. While the transactions suggest potential selling, analysts note differences such as professional management and stronger institutional demand, which may mitigate market impact. Bitcoin’s price has dipped slightly after reaching a new all-time high of over $123,000.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Every month we get one of these posts.
„Big whale wallet moved its funds!“, „Dormant wallet with thousands of Bitcoin wakes up!“, „Government/law enforcement/settlement wallet with millions in Bitcoin set to dump soon!“.
I’ve seen the same thing for the last 8 years.
And more than 6 times out of 10, we end up going up and not down.
I’m starting to feel like either these stories or these wallets are pushed by panicking whales shorting, and feeling a squeeze coming up, and this being a last ditch effort to not get squeezed.
I still want to know if Galaxy Digital did KYC on the entity who sold them this BTC.
ETFs soak up that many BTC in no time. This is a nothing burger. 🍔
20k BTC is nothing in total volume traded on BTC. That’s only 2 billion, today we have 100 billion volume, thats just in 24 hours
Fuck it – keep bitcoin liquid so the diamond hands can scoop it up 👌🏻
Name one reason why someone should sell a big stake of Bitcoin.
Galaxy Digital does a lot more than trading Crypto.