Bitcoin Whale Causes $310M Market Wipeout
Today, a significant event shook the cryptocurrency market as a Bitcoin whale unloaded over 24,000 BTC, with a substantial portion of it being held for more than five years, and shifted focus to ETH.
Key Highlights:
- 12,000+ BTC transferred to Hyperunite today
- Already sold 18,000+ BTC ($2 billion)
- Remaining 6,000+ BTC ($670 million) set to be dumped
- Accumulated $2 billion worth of ETH with $1.3 billion staked
This singular action by a wallet has not only impacted the market but also served as a stark reminder of the fragility of liquidity in the cryptocurrency space.
You’ll love this too: Ethereum Price Surges Above $4,600: Latest Market Update