Bitcoin Updates: Major Whale Moves $10 Million—Is This a Market Dump or a Tactical Shift in Holdings?
- A Bitcoin whale withdrew 100 BTC ($10.32M) from Binance, signaling renewed activity from long-term holders amid broader "OG" whale selling trends. - Over 1,000 BTC/hour has been dumped by seven-year+ holders since November 2024, with $100M+ sell-offs highlighted by Capriole's Edwards as "persistent distribution." - Technical analysis forecasts a $89,600 price drop via bear pennant patterns, compounding risks as Bitcoin trades 18.7% below its $126K all-time high. - Whale activity remains ambiguous: withdr
After remaining inactive for two months, a whale recently moved 100 BTC out of Binance, as highlighted in a
This withdrawal fits a broader trend of aggressive selling by long-term whales, who have reportedly sold more than 1,000 BTC per hour in 2025, according to a
This Binance withdrawal highlights the complex nature of whale movements: while large transfers can indicate bearish sentiment, they might also be part of accumulation tactics. Blockchain analysts point out that similar withdrawals in previous cycles often came before price surges, as whales shifted assets to cold storage during downturns, according to the
Investors are watching closely to see how this might affect the wider crypto landscape. Bitcoin’s market dominance often shapes altcoin trends and overall sentiment, and such whale actions could also influence stock markets through their connection to crypto-related shares, as noted in the
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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