Sale of 80 Thousand Bitcoins by a “Whale” Moves Over US$ 9 Billion and Raises Alert About Volatility and Influence in the Market
US$ 9.5 billion, or about R$ 50 billion. This is the amount a man made selling Bitcoins after waiting 14 years and gathering a lot of patience. The information was disclosed by TomsHardware magazine. This type of sale usually attracts a lot of attention because it involves the so-called “Bitcoin whales.”
These whales own large amounts of the currency. They can be individuals, groups, or even anonymous wallets with thousands of accumulated Bitcoins.
The most important thing is that they have the power to influence the market price. This happens because a mass sale can directly impact the supply and demand of the cryptocurrency.
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Sequential Transactions Surprise
On X, formerly Twitter, a user posted an image with data from recent Bitcoin transactions. The screenshot showed several operations with high values.
In one of the lines, it was possible to see a sale of 80 thousand units of the digital currency.
This type of movement usually keeps investors alert. After all, when a whale sells a large amount, other people may feel pressured to sell as well.
Therefore, the effect can cause sudden changes in the price of the currency.
Bitcoin is Volatile and Risky
The history of Bitcoin shows how values can vary in a short time. In November 2021, the digital currency exceeded US$ 50,000 per unit.
Just a year later, in November 2022, it dropped to US$ 15,000.
Currently, the price of Bitcoin has risen again and has already surpassed US$ 101,000. This puts it back among the highest values ever recorded.
U.S. Politics Influences the Market
The recent performance of Bitcoin is also linked to the political scenario in the United States. According to the German newspaper Tagesschau, former President Donald Trump expressed support for Bitcoin.
Additionally, ongoing legislative decisions may directly influence the regulation of cryptocurrencies in the country.
This expectation of fewer rules may keep investors’ interest and sustain prices high.
With information from Xataka.

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