Bitcoin's market experienced notable volatility following a massive $9.7 billion sell-off by a Satoshi-era whale holding coins since 2011. Galaxy Digital managed the gradual liquidation across several key exchanges, leading to a 4.21% price drop down to $115,444. Analysts highlight that despite this large-scale movement, institutional investors like BlackRock and MicroStrategy are actively absorbing the supply, indicating sustained market strength. Technical indicators reveal bullish signs with Bitcoin forming a falling wedge pattern poised for a breakout near $125,000. Additionally, the rise in new whale holdings and growing interest in Layer-2 scaling solutions like BTC Hyper illustrate growing institutional confidence and the evolving crypto adoption landscape.
Continue to read Bitcoin Faces Volatility as Satoshi-Era Whale's Historic Exit Sparks Market Shift
Bitcoin's market experienced notable volatility following a massive $9.7 billion sell-off by a Satoshi-era whale holding coins since 2011. Galaxy Digital managed the gradual liquidation across several key exchanges, leading to a 4.21% price drop down to $115,444. Analysts highlight that despite this large-scale movement, institutional investors like BlackRock and MicroStrategy are actively absorbing the supply, indicating sustained market strength. Technical indicators reveal bullish signs with Bitcoin forming a falling wedge pattern poised for a breakout near $125,000. Additionally, the rise in new whale holdings and growing interest in Layer-2 scaling solutions like BTC Hyper illustrate growing institutional confidence and the evolving crypto adoption landscape.
Continue to read Bitcoin Faces Volatility as Satoshi-Era Whale's Historic Exit Sparks Market Shift
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