Whale Sells Large Amount of Bitcoin
On February 4, according to Lookonchain monitoring, the whale address bc1pyd, which had been consistently accumulating Bitcoin, ceased buying and sold all its holdings of 5076 BTC within 8 hours. The total value of the sale was approximately $384 million, resulting in a loss of about $118 million.
Market Reaction and Analysis
This sell-off has drawn significant market attention, with many investors speculating whether the whale's actions signal a shift in market trends. However, experts note that short-term market volatility is largely driven by sentiment, and long-term investors should remain calm.