$BTC might be in danger as this whale moves $1 billion worth of tokens all of a sudden
The address was the seventh biggest address in the whole blockchain space, but it has lost its position after redistributing 46,000 BTC in five transactions, 15,000 BTC per operation.The massive sale was the biggest funds redistribution in the address's history as it has been constantly accumulating Bitcoin since April 2019 without selling such a large percentage of the portfolio.
The biggest distribution took place back in January 2021, when the address dropped more than 7,000 BTC during the growing market. Later on, the whale gained back the funds that he or she injected into theAs of now, the whale address holds the same amount of BTC as it did back in January 2021 and will most likely start accumulating the funds back. The main reason behind such a sudden sell-off is unclear.
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