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$159,832,873 Bitcoin Transfer to Major US Exchange Sparks Black Monday Fears
The anticipation is palpable in the crypto community as prominent voices such as Arthur Hayes and others are gearing up for tomorrow’s U.S. market opening. There is a growing sentiment that major indices like the S&P 500 could experience a massive dump, leading to trading halts.
While the accuracy of these predictions remains uncertain, one particular development has sparked concerns about an impending market bloodbath. A significant Bitcoin transfer worth $159,832,873 has been detected moving from an unknown wallet to a major US exchange.
This large-scale transfer is reminiscent of the intense activity that preceded Black Monday in 1987, which resulted in a global stock market crash. The sheer scale of this transaction is causing many to speculate about its implications on the crypto markets.
It’s worth noting that the unknown whale, who recently met with Kraken, still holds an astonishing 12,108 BTC, valued at nearly $1 billion. This perspective gives context to their recent transfer, which amounts to only around 15% of their total holdings.
As the market prepares for tomorrow’s opening, traders and investors are on high alert, wondering if this development is a sign of impending doom or simply a strategic move by an influential player in the crypto space.
In related news, the SEC Acting Chair has made recent statements suggesting that Ether may not be classified as a security. This decision could have far-reaching implications for the market’s overall sentiment and valuation. Meanwhile, Bitcoin ETFs have witnessed $151.8 million in outflows, further fueling concerns about the market’s stability.
As we approach tomorrow’s critical opening, it is essential to remain vigilant and follow developments closely.
Source: https://u.today/159832873-bitcoin-transfer-to-major-us-exchange-sparks-black-monday-fears
