As the Bitcoin price continues to walk through a bumpy road ahead of the much-anticipated BTC Halving event, recent movements in the market have left analysts and investors on edge. Notably, amid the uncertainties, a staggering $1 billion worth of Bitcoin dumped to Binance by an anonymous whale has added fuel to the fire, intensifying speculations about the cryptocurrency’s immediate future.
Whale Dumps $1B BTC Sparking Speculations
In a surprising turn of events, a significant Bitcoin whale has initiated a massive sell-off ahead of the Halving event. The on-chain transaction tracking platform, Whale Alert, reported that an unidentified wallet, linked to the address 16prj….Q3uGP, has offloaded a staggering 16,276 BTC, amounting to approximately $1 billion, directly onto the Binance exchange.
Notably, this sudden influx of Bitcoin onto one of the world’s largest crypto exchanges has sent shockwaves through the market, causing the Bitcoin price to plummet by over 4% in a single day
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