Bitcoin’s oldest whales can be responsible for the slow Bitcoin work in this course, according to Bitcoiner Willy Woo, noting that it now takes more than $ 110,000 of fresh capital to absorb all bitcoin currencies they sell.
“BTC supplies around the OG whale who reached its climax in 2011,” Woo He said In the X Publishing on Sunday. “They bought BTC at $ 10 or less.”
“This cost difference, the offer they keep and the rate of sale has profound effects on the amount of the new capital that needs to raise the price,” said OG Bitcoiner.
The whale blamed Bitcoin Flash to $ 112,000
This comes at a time when the encryption community referred to Bitcoin’s long time from BTC to explain the maximum bitcoin market of $ 45 billion on Sunday.
It is understood that the whale may revolve more than two billion dollars from Bitcoin to the ether during the past week, which led to a series of sales orders throughout the market.
The Bitcoin Flash Craft (BTC) witnessed approximately 2.2 % from $ 114,666 at 7:31 pm UTC to $ 112,546 in nine minutes before leaving $ 112.174 at 8:16 pm UTC. Data He appears.
Also He falls 4 % sharp from 4,937 dollars to 4,738 dollars on the same time frame. However, each of the cryptocurrencies has regained nearly half of the losses incurred from flash crashes.
Many referred to X to the coding whale. Bitcoin’s transfer began to the permanent decentralized encryption platform on August 16, as it sent 24000 BTC ($ 2.7 billion) through six transfers over the past nine days, Blockchain.com Data He appears.
From it, 18,142 BTC has already been sold for $ 2 billion, with almost rotating to 416,598 ETH, According to To the MLM encryption analyst, which the whale is believed to be behind another set of portables headquarters to move bitcoin to the liquid height of additional ETH purchases.
A total of 275500 ETH, at a value of about $ 1.3 billion, has been subjected to self, indicating that the whale axis to ETH may be part of a long -term strategy.
The whale’s profitable trading strategy contributed to the accident
The whale also yearns 135,263 ETH on the liquid height to obtain a total exposure of 551,861 ETH-which is worth more than $ 2.6 billion-in strategic positioning on deals to reach other participants in the fast market and Scratch MLM said a $ 185 million profit on the ETH/BTC trade.
These long stances have increased in value as merchants’ reaction was positively over the topical purchases of the whale.
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But when the whale began to close the talls, the market realized the whale trading strategy – which causes traders to reflect their sites with a series of sale orders, MLM male On a telegram.
“It is effectively one of the people who were trying to cut it.”
More bitcoin can be emptied
The founder of Timechainindex.com, known as Sani on X, too male Bitcoin whale still holds 152,874 bitcoin through several other portfolio addresses.
Sani added that the money was originally from Crypto Exchange HTX (formerly Huobi) about six years ago and remained inactive until August 16.
Another whale around BTC to eth last week
Meanwhile, Bitcoin whale sold another $ 670 of $ 76 million to open a long location in ETH last Thursday – reflecting the increasing trend of encryption whales that sells BTC to ETH.
ETH increased by 220 % since it came out to $ 1471 on April 9, which constitutes a lost land on the likes of Bitcoin and Solana (Sol), which led to the early stages of the current bull cycle.
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2025-08-25 04:00:00
