Is Bitcoin at risk of correction as a SPACEX Portfolio moves $ 152 million in BTC after three years? star-news.press/wp

After years of silence, a wallet linked to SPACEX suddenly moved $ 152 million in Bitcoin, prompting new concerns about what could be concerned in the next price step from BTC.

according to Data From the Blockchain Analytics Arkham Intelligence Analysis platform, on July 22, a portfolio linked to the billions of dollars in Elon Musk, SPACEX, transferred 1,308.45 BTC, at a value of approximately $ 152.91 million, to a new address.

It is worth noting that the conversion followed after the Spacex portfolio sent a small treatment fee of 0.000248 BTC at a value of $ 29 to Coinbase Prime.

Additional data from Arkham reveals that the last time the wallet has seen any movement nearly 3 to 4 years ago when it received multicolin Bitcoin flows from Coinbase, with one deposits ranging from 1100 to 1,279 BTC.

For beginners, Spacex first topped the headlines in 2021 when Elon Musk publicly revealed during the virtual conference of Word that the airline was accumulating Bitcoin.

Although the exact amount was never disclosed, the reporting later indicated from the Wall Street Journal that Spacex wrote the value of Bitcoin of about $ 373 million and sold an unknown part. These events occurred after a sharp decrease in 2022.

The activity on the series later suggested that the company’s BTC Holdings may have decreased near zero by the end of that year, although this is still uncertain.

Then the company gradually rebuilt, and it retained about 8,285 BTC by September 2024.

After widely transported today, SpaceX now owns about 6,977 BTC, at a value of about 822.65 million dollars. This puts the company among the largest bitcoin coins in the world, and excessive companies such as Microstrategy (MSTR) and Tesla (TSLA), another entity led by musk. All Spacex property is currently preserved with Coinbase Prime.

In 2021, both Spacex and Tesla were sending themselves from Bitcoin, citing environmental concerns related to energy use, leading to Tesla to suspend BTC payments.

However, technological billionaire has since turned tone. Earlier this month, Musk revealed plans to launch a new political party in the United States, which explicitly support Bitcoin, indicating the renewal of the asset.

As such, many speculate that Spacex can now put themselves in line with other major companies, such as the strategy and the Trump media, which adopted Bitcoin as part of their treasury strategy.

Will the price of bitcoin be disrupted?

As of the time of the press, it is still unclear whether the transfer indicates the sale or internal re -customization, but merchants remain careful because the possible disposal process can lead to a new sale pressure.

Some of the market participants have reduced the risks, indicating that the move may simply be routine home management or turn into a new portfolio, given the absence of any official explanation.

The broader market has already absorbed a large -scale qualifying. For example, in mid -2014, the German government dropped nearly 50,000 BTC, or about $ 2.9 billion, all within a few weeks.

The move sparked a preliminary decrease in $ 50,000, but the prices rose rapidly above 60,000 dollars as soon as the sales pressure subsides.

Looking at the current upward background, it appears that the market is in a better position to accommodate any sale of sale that may arise from the last transfers without a long impact on the direction of bitcoin.

When writing, Bitcoin (BTC) was traded at $ 118,134, a decrease of 3.7 % from its highest level ever. According to Cryptoquant analysts, the main encryption may face some short -term pressure, as retailers are said to reduce exposure across the markets in the United States and South Korea, and on Binance.

However, it appears that the accumulation of the continuous whale is balanced by some pressure from the sale side, and technologies indicate that the cryptocurrency remains in the direction of ascension.