The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world. While some celebrate the digital gold’s record-breaking ascent, others watch with bated breath as long-dormant Bitcoin whales – entities holding massive amounts – begin to awaken from their slumber.
Bitcoin Whale Rises From Hibernation
One such whale recently emerged from the depths, a digital leviathan that hadn’t breached the surface for nearly 12 years. This behemoth, with a treasure trove of 500 BTCs initially acquired in 2012 for a measly $4,000, has transferred its entire stash, now valued at a staggering $35 million, to multiple new addresses. The resurfacing of this whale, and others like it, has cast a long shadow over the market, raising concerns about a potential fire sale on the horizon.
The specter of a mass sell-off looms large, particularly with the upcoming Bitcoin halving event scheduled for Ap
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