“The Transfers Showed No Signs of A Profit-Taking Operation.”, – WRITE: www.coindesk.com
HOLDER, OFFEN REFERRED TO AS A Crypto Whale, Moves Its Coins on-Chain, That Creates Buzz on Social Media, Prompting Observers To Wonder IF
Early Friday, Two Wallets, Labelled “12tls … XJ2ME” AND “1KBRS … AWJYM,” MOVED 20,000 BTC, WORTH OVER $ 2 Billion, To New Addresses. THESE FLOWS WERE FIRST Noted by Blockchain Sleuth Whale Alert, and Later by Lookonchain. The Addresses Received Tese Coins on April 3, 2011, WHEN BITCOIN WAS PRICED AT AROUND 78 CENTS.
Today, BTC IS Over $ 109,000, Implying A Staggering 140,000-Fold Return for the Two Whale Addresses, WHICH MEANS THAT THAT A STRONG INCENTIVE TO LIQUIDATE THEIR HOLDINGS. Many Long-Term Holders Have Been Selling Their Coins Ever Since Btc Crossed Above $ 100,000 in May.
That Said, The Latest Transfers Were Made to Non-Exchange Addresses, WHICH HAV GONE GONE SILENT SINCE RECEIVING THESE COINS. SO, IT’S TOO EARLY TO CONCLUDE THAT The Transfer Operation is Aimed at Taking Profits.
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