Bitcoin Falls Below $117K After “Satoshi-Era” Whale Moves $9.5 Billion
- Whale wallet transfers 80,000 BTC, worth $9.4 billion, to Galaxy Digital.
- Bitcoin dropped to $116,218 amid $500 million in liquidations.
- Ethereum, XRP, and Solana also declined as sentiment turned bearish.
Bitcoin slipped below $117,000 early today, coinciding with a massive transfer of dormant coins. The movement traces back to a wallet from the ‘Satoshi era,’ raising eyebrows among market watchers.
Massive Transfer From Dormant Wallet
An unmarked Bitcoin wallet address, identified as “bc1qq…atjty,” transferred 80,009 BTC, worth approximately $9.46 billion, to institutional broker Galaxy Digital on Monday night. Lookonchain linked the wallet to a so-called “OG whale,” whose 80,009 BTC have been dormant for more than 14 years.
Related: Altcoin Season Index Holds at 32, Market Remains Firmly in “Bitcoin Season”
According to Lookonchain, the transfer occurred across seven separate transactions, starting at 9:34 p.m. and ending by 1:28 a.m. Tuesday. Transaction sizes ranged from 500 BTC to 4,500 BTC. The last transaction, which occurred an hour ago, resulted in $330.9 million worth of BTC being transferred from the wallet.
$406 Million…
The post Bitcoin Falls Below $117K After “Satoshi-Era” Whale Moves $9.5 Billion appeared first on Coin Edition.
Read More
Bitcoin Falls Below $117K After “Satoshi-Era” Whale Moves $9.5 Billion
- Whale wallet transfers 80,000 BTC, worth $9.4 billion, to Galaxy Digital.
- Bitcoin dropped to $116,218 amid $500 million in liquidations.
- Ethereum, XRP, and Solana also declined as sentiment turned bearish.
Bitcoin slipped below $117,000 early today, coinciding with a massive transfer of dormant coins. The movement traces back to a wallet from the ‘Satoshi era,’ raising eyebrows among market watchers.
Massive Transfer From Dormant Wallet
An unmarked Bitcoin wallet address, identified as “bc1qq…atjty,” transferred 80,009 BTC, worth approximately $9.46 billion, to institutional broker Galaxy Digital on Monday night. Lookonchain linked the wallet to a so-called “OG whale,” whose 80,009 BTC have been dormant for more than 14 years.
Related: Altcoin Season Index Holds at 32, Market Remains Firmly in “Bitcoin Season”
According to Lookonchain, the transfer occurred across seven separate transactions, starting at 9:34 p.m. and ending by 1:28 a.m. Tuesday. Transaction sizes ranged from 500 BTC to 4,500 BTC. The last transaction, which occurred an hour ago, resulted in $330.9 million worth of BTC being transferred from the wallet.
$406 Million…
The post Bitcoin Falls Below $117K After “Satoshi-Era” Whale Moves $9.5 Billion appeared first on Coin Edition.
Read More