Massive Bitcoin Selling Rises Amid Bearish Market Conditions

  • 5,000 Bitcoins (worth $100 million now) have been transferred to the Kraken crypto exchange.
  • One of the largest BTC addresses for whales has transferred all of its holdings for exchange.

Bitcoin (BTC), the most popular cryptocurrency, has been trading at less than $20,000 for some time. At the time of writing, according to CMC, BTC has a market capitalization of $379 billion and is trading at $19,853. The latest news includes the first use of a Bitcoin whale address nine years ago, which led to the transfer of 5,000 Bitcoins (now worth $100 million) to a cryptocurrency exchange. Legendary sea monster.

Famous Crypto Analyst Colin Wu chirp:

“The bitcoin whale address (18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i) transferred 5000.01 BTC at 04:50:38 (UTC+8) on September 5th to Kraken, which is now worth about $100 million. The wallet was created and transferred bitcoins to this address in 2013.” “

whales at work

On Monday, a popular CryptoVinco influencer revealed a noteworthy deal on the BTC blockchain. A screenshot of the transaction indicates that in July, one of the largest BTC whale addresses transferred their BTC holdings to the exchange.