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BTC Whale Sells 400 BTC ($40.59M) but Still Holds 3,100 BTC: What’s the Strategy?

BTC Whale Sells 400 BTC ($40.59M) but Still Holds 3,100 BTC: What’s the Strategy?

A Bitcoin whale address (12d1e4...) just moved 400 BTC ($40.59M) to Binance, continuing a sell-off that began in April 2024. So far, this entity has sold 6,900 BTC ($625.59M) but still holds 3,100 BTC ($318.4M). As a crypto analyst, I break down the possible motives—profit-taking, portfolio rebalancing, or institutional maneuvers—and what it signals for the market. Data never lies, but whales sure love keeping us guessing.
Research Hub
bitcoin
crypto whales
•4 days ago
Whale Alert: 400 BTC Dumped on Binance – Is This the Start of a Bigger Sell-Off?

Whale Alert: 400 BTC Dumped on Binance – Is This the Start of a Bigger Sell-Off?

As a crypto analyst tracking whale movements, I just spotted a massive transaction: 400 BTC ($40.59M) deposited to Binance by a single entity. This whale has been systematically selling since April, offloading 6,900 BTC ($626M) total while holding 3,100 BTC ($318M) remaining. Let's analyze what this could mean for Bitcoin's price action and whether retail investors should be concerned. Spoiler: my Python models aren't panicking... yet.
Research Hub
bitcoin
blockchain analysis
•6 days ago
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