A Bitcoin (BTC) whale is acting bearish to the news of the newly released United States Consumer Price Index (CPI) data. Per an earlier report from Coingape, the released data shows CPI inflation came in hotter than anticipated at 3.5%, a reading that shows headwinds still lie ahead of the market.
Bitcoin Whale Taking Cover
According to data insight from the crypto analytics platform Lookonchain, whale deposited 800 BTC worth approximately $54.6 million to Binance again 5 minutes after the March CPI inflation was released.
Per the observation from Lookonchain, this whale has a track record of selling when the market is in distress. He also reportedly deposited 800 BTC worth about $57.16 million to Binance on April 9 after that the price of BTC dropped by approximately 4%. The whale now currently holds 13,665 BTC valued at $928.6 million. In reality, there is a very strong relationship between Bitcoin and the broader macro-economic sentiment.
A higher-than-expected inflation, even tho
We współpracy z: https://coingape.com/bitcoin-whale-sparks-800-btc-selloff-fears-post-cpi-data-release/
