Satoshi-Era Whale Unloads $750M in Bitcoin Amid Market Downturn
A significant transfer of Bitcoins has been recorded, with a Satoshi-era whale selling off $750 million worth of the cryptocurrency. According to on-chain data, the owner transferred 11,300 tokens to exchange-linked addresses after 15 years of inactivity.
The sale comes as the Bitcoin price falls to its lowest level since February 6, at around $64,000. This downturn has been attributed to fears of US tariffs rippling through global markets.
Whale actions can cause short-term price volatility, but experts suggest that it may not impact the long-term trend. Some have linked the crypto market crash to the movement, with millions of positions being liquidated in the market.