Whales Start Getting Rid of their Bitcoins
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It appears that Bitcoin whales have generally adopted an accumulative approach since early April, with Santiment revealing that wallets carrying between 1,000 and 10,000 BTC have gathered up a total of 84,897 Bitcoins, now representing 23.86% of the entire cryptocurrency supply.
However, a possible sale could be imminent as the Lookonchain team has spotted an alarming signal: a wallet has transferred 1,750 BTC valued at over $48 million to Binance.
This could mean that this investor is getting ready to let go of some of their coins. Bitcoin has been unable to stay above the $27,000 threshold, instead dropping to $26,763 in the night of Friday, May 19, and could go below $26,000 in the next 24 hours if more whales join the sale.
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