Amidst the market an area or arena, online or offline, in which commercial dealings are conducted. crash is the idea that many whales may start moving to tap into and acquire Bitcoin or other reputable cryptocurrencies at very low cost.
While the market is generating mixed reactions among enthusiasts and investors, it seems that the effect is causing some whales that have been dormant for years to also begin to move to take some advantage of the current market situation.
BTC whale a term used to describe investors who have uncommonly large amounts of crypto, especially those with enough funds to manipulate the market. awakens after 8 years of dormancy
Such is the case of a whale Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. with more than 1,000 BTC which was inactive for more than 8 years, which apparently today showed activity and made a capital capital is most commonly defined as the large sum of money you would use to invest. movement. The notification was issued by the alert service of Twitter @Whale_alert, which reported the following:
???? ???? ???? A dormant address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. containing 1,000 #BTC (30,395,186 USD) has just been activated after 8.5 years (worth 468,643 USD in 2013)! https://t.co/P9teBUAuY4
— Whale Alert (@whale_alert) May 13, 2022
Among the interesting facts is that the 1,000 BTC hosted in the wallet a place where cryptocurrency users can store, send and receive digital assets. date back to 2013, by which time they were worth approximately USD $468,640 in aggregate, which would be worth USD $468 per unit. Although the market is currently down, these bitcoins have appreciated significantly and at the time of publishing their overall value is trading at over USD $30.39 million.
Beyond the movement of the whale, it is not known who the funds belong to or whether they will go to an exchange. What is known is that the management is active in the midst of a very tense moment for the market in general, in which it is barely Bitcoin and major cryptocurrencies begin to show slight signs of recovery after such a steep fall that took more than 30% of the quotation of some of the best known assets, this without mentioning Terra that lost more than 99% of its value after the events that shake its network.
Whales move, but not too much
According to a report presented by the media CryptoBasic, this would not be the only whale that moved at the current juncture, as there is also the case of another purse with more than 1.000 BTC stored for about 12 years, which also showed signs of activity in recent times.
The widespread slump that rocked the market this week has many people pinning their hopes on crypto whales, as the thesis emerges that many people could take advantage and move to stash larger amounts of capital in highly-traded digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies, such as Bitcoin o Ethereum.
From a public perspective, enthusiasts and big-name investors like Michael Saylor said they will stand firm and will not opt to sell their BTC, despite the fact that the fall in the market resulted in huge losses for their companies and compromised their business models. The allegation is based on the revolutionary nature of the technology it employs. Bitcoin, which makes digital currency currency is a medium of exchange that defines value. an excellent store of value compared to many other assets in traditional markets.
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Version by Angel Di Matteo / DiarioBitcoin
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