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Large Bitcoin Whales Dump 25,740 BTC in 7 Days, But There’s a Catch
In recent market movements, there has been an unusual surge of large transactions involving the dumping of significant amounts of Bitcoin (BTC) by whales. Specifically, records show that these high-net-worth investors have sold approximately 25,740 BTC over a span of just seven days.
While it may seem like this sudden increase in selling pressure would lead to a downward trend in the market’s value, there are several factors that contradict this expectation. Firstly, it can be argued that whales are not necessarily bearish on Bitcoin at all. In fact, these massive transactions might have been executed by whales who are simply taking profits from earlier investments.
There is also an argument that these massive transactions may not be entirely a cause for concern since the same whales could potentially buy back the sold BTC later, thereby neutralizing any negative impact on the market’s overall sentiment.
In fact, this theory suggests that the price of Bitcoin has remained steady over this seven-day period.
Source: https://u.today/large-bitcoin-whales-dump-25740-btc-in-7-days-but-theres-a-catch
