
A dormant Bitcoin whale, believed to have acquired coins in the early days of the network, has resurfaced and transferred a massive 9,000 BTC (worth over $1 billion) to Galaxy Digital, a prominent digital asset management firm. This sudden transaction has caused a brief price dip, with Bitcoin falling from above $123,000 to around $116,900, as per CoinMarketCap data.
The whale’s initial holdings reportedly stood at 80K BTC, but it had already offloaded 20,000 BTC to a new address earlier in the day. Additionally, it has now sold another 20,000 BTC, raising concerns that this could be the start of a significant liquidation.
Source: www.coinspeaker.com