While the turbulent movements in the crypto market continued, Bitcoin (BTC) whales caused concern in crypto investors with their transactions.
The fact that BTC has lost more than 10 percent in the short time frame has brought many question marks about the crypto market. In particular, BTC whales, which have been inactive for years, have taken action again in recent days and attracted attention. Whales, which have an important share in the crypto industry, seem to have created fear in crypto investors with their transactions. One of the negative data about the progress of the market was that BTC transfers were generally interpreted as “sell”.
What transactions do BTC whales carry out, which puts psychological pressure on investors?
Data on Bitcoin (BTC) Whales
According to published data from BTC whales, a wallet that was last active in 2012 carried over 400 BTC ($11 million) over the weekend. The same BTC whale moved 360 BTC to one wallet and 40 BTC to another wallet. This BTC whale bought around 900 BTC in 2012. He has since held BTC holdings and has earned around 40,000 percent from the initial investment.
Another BTC whale wallet moved around 279 BTC in early April after more than a decade of inactivity. BTC whales, which resurfaced years later, created an atmosphere of panic in the crypto investor, giving rise to many rumors. The identities of these whales are not yet known and they are silent by not using onchain messages.
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