Yesterday, a significant event occurred in the cryptocurrency market when a large 'whale' moved a substantial amount of Bitcoin, causing unrest among traders.
Movement of Large Assets in the Cryptocurrency Market
A cryptocurrency whale, which had been inactive since 2011, moved 80,000 BTC worth approximately $8 billion. Of this, 1,550 BTC, roughly equivalent to $167 million, was transferred to the cryptocurrency exchange Binance.
Speculations About the Identity of the Crypto Whale
There is speculation that this crypto whale may be Roger Ver, a former BTC supporter and founder of the alternative cryptocurrency Bitcoin SV. Speculation is fueled by the assumption that Ver may be preparing a deal with the IRS, prompting him to transfer such a large amount of BTC.
Market Reaction to the Sale
Despite the turmoil surrounding the recent sale, the price of Bitcoin has risen by 0.11% compared to the previous day and is trading above $108,000 at the time of writing.
The recent actions of a major investor highlight the high volatility and potential risks in the cryptocurrency market, yet the rise in Bitcoin's price indicates asset resilience among investors.
