Bitcoin's price took a hit this week after blockchain tracking platforms revealed a massive sell-off triggered by a dormant whale.
Whale Movements Signal Market Tension
Galaxy Digital, acting as the intermediary, moved nearly 30,000 BTC—valued at over $3.5 billion—onto exchanges like Binance and OKX. The sell-off is part of a much larger 80,201 BTC trove linked to a wallet dating back to 2011.
The most significant transaction came Friday with a 22,610 BTC transfer, followed by several smaller deposits suggesting liquidation was happening in stages. These moves coincided with Bitcoin’s slide below $115,000, down around 3% on the day. Analysts believe that the scale and timing of these transfers could trigger a ripple effect, spooking other large holders and triggering panic-driven sell-off from leveraged traders.
What Are Smart Money Investors Looking at?
This growing fear is prompting some traders to rethink their exposure and consider projects still in early price discovery phases. One name repeatedly cited in recent research reports is MAGACOIN FINANCE, which has already attracted a loyal community and mounting analyst attention. Its positioning has sparked a new wave of strategic buying, with analysts noting an potential 8,700% upside.
Conclusion
Whale-driven volatility is nothing new in crypto, but the scale of this event—over $3.5 billion in Bitcoin hitting exchanges in a matter of days – raises serious questions about short-term price stability. Investors should monitor on-chain activity closely and prepare for possible continued sell pressure.
Amid uncertainty, early-stage tokens like MAGACOIN FINANCE are being highlighted as potential opportunities backed by strong community momentum.
