Just little green then whales starts selling đđ
they've not exercise some level of patience
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!!! đ đđđđŹđšđ§đŹ đđĄđČ đđąđđđšđąđ§ đđĄđđ„đđŹ đł đđ«đ đđđ„đ„đąđ§đ đđšđ° !!!
Following Bitcoinâs rebound from recent declines, pushing its price above $70,000, Garrett Jin, a well-known whale in the market from China, made a noteworthy move.
As soon as the $BTC price touched $70,000, Jin transferred a massive amount of 5,000 $BTC, worth a staggering $348.82 million, to the Binance cryptocurrency exchange. This transfer, presumably for sale, couldnât be definitively proven as centralized exchanges canât verify this, but subsequent onchain data provided some strong clues.
His cryptocurrency wallet withdrew $53.12 million worth of $USDT stablecoin from a Binance deposit address to its own cold wallet, following a transfer of 5,000 Bitcoin to Binance. Given that $BTC price to fall below $70,000 again, itâs likely the whale sold its holdings.
However, the Chinese cryptocurrency giant still holds 30,000 Bitcoins worth $2.09 billion.
This is not investment advice.
đđĄđČ đđ«đ đđąđđđšđąđ§ đđĄđđ„đđŹ đđđ„đ„đąđ§đ đđšđ°?
Bitcoin whales often make large moves that can influence market sentiment. Here are five reasons:
1.Profit-Taking: With Bitcoinâs price above $70,000, gains are raided.
2.Market Correction: Selling can trigger a price drop, allowing whales to buy back at lower prices.
3.Regulatory Concerns: Increased scrutiny on crypto exchanges might push whales to move funds.
4.Diversification: Whales might be reallocating funds to other assets.
5.Liquidity Needs: Large transfers could be for personal or business expenses.
đđĄđđ đđšđđŹ đđĄđąđŹ đđđđ§ đđšđ« đđąđđđšđąđ§âđŹ đ đźđđźđ«đ??
Bitcoinâs price volatility is often influenced by whale activity.short-term dips, the long-term outlook remains strong. Bitcoinâs limited supply and growing adoption continue to drive its value.
#MarketRebound #whalemovement
Following Bitcoinâs rebound from recent declines, pushing its price above $70,000, Garrett Jin, a well-known whale in the market from China, made a noteworthy move.
As soon as the $BTC price touched $70,000, Jin transferred a massive amount of 5,000 $BTC, worth a staggering $348.82 million, to the Binance cryptocurrency exchange. This transfer, presumably for sale, couldnât be definitively proven as centralized exchanges canât verify this, but subsequent onchain data provided some strong clues.
His cryptocurrency wallet withdrew $53.12 million worth of $USDT stablecoin from a Binance deposit address to its own cold wallet, following a transfer of 5,000 Bitcoin to Binance. Given that $BTC price to fall below $70,000 again, itâs likely the whale sold its holdings.
However, the Chinese cryptocurrency giant still holds 30,000 Bitcoins worth $2.09 billion.
This is not investment advice.
đđĄđČ đđ«đ đđąđđđšđąđ§ đđĄđđ„đđŹ đđđ„đ„đąđ§đ đđšđ°?
Bitcoin whales often make large moves that can influence market sentiment. Here are five reasons:
1.Profit-Taking: With Bitcoinâs price above $70,000, gains are raided.
2.Market Correction: Selling can trigger a price drop, allowing whales to buy back at lower prices.
3.Regulatory Concerns: Increased scrutiny on crypto exchanges might push whales to move funds.
4.Diversification: Whales might be reallocating funds to other assets.
5.Liquidity Needs: Large transfers could be for personal or business expenses.
đđĄđđ đđšđđŹ đđĄđąđŹ đđđđ§ đđšđ« đđąđđđšđąđ§âđŹ đ đźđđźđ«đ??
Bitcoinâs price volatility is often influenced by whale activity.short-term dips, the long-term outlook remains strong. Bitcoinâs limited supply and growing adoption continue to drive its value.
#MarketRebound #whalemovement
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