A Bitcoin whale recently gained attention with a significant BTC transaction. According to Lookonchain, the whale, holding about 8,000 BTC, transferred 300 BTC to the Binance exchange, sparking speculation in the cryptocurrency market.
Previous High-Value Sales
Data indicates that the whale previously sold 2,000 BTC at a unit price of $67,130 on April 4 and April 5, 2024, earning a profit of $132.4 million. This occurred after the cryptocurrency reached its peak at that time.
Whale Activity Raises Investor Concerns
In the past 10 hours, the whale moved 2,000 BTC for sale, raising concerns among investors. The transfer of 300 BTC to Binance often leads to speculation of price declines, exerting selling pressure on the market.
Current Bitcoin Market Situation
Currently, Bitcoin is trading at $87,329, reflecting a 1.19% decrease in the past 24 hours. Despite this drop, data shows a 17.89% increase over the last week. Bitcoin’s trading volume in the last 24 hours exceeded $115 billion, with a total market capitalization of $1.72 trillion.
The large trader's transactions continue to attract attention and concern in the market, highlighting the volatility and uncertainty inherent in cryptocurrencies. Investors are monitoring further moves.
