- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Analyst: [80k BTC Ancient Whale] Selling Pressure may soon be fully absorbed by the market, with only 12k BTC remaining unsold
BlockBeats News, July 25th, on-chain data analyst Yu Jin posted on social media that today Galaxy Digital's address sent out 22,610 BTC (approximately $26 billion) to multiple addresses and exchanges, after which the 80,202 BTC (approximately $9.53 billion) of the [80,000 BTC Ancient Whale] has already seen sell pressure or has already been absorbed by 68,000 BTC. With another wave of selling, the coins of the [80,000 BTC Ancient Whale] could be completely absorbed.
Since July 15th, when the [80,000 BTC Ancient Whale] started transferring BTC to Galaxy Digital for sale to date, a total of about 68,000 BTC has been transferred to multiple exchange platforms and addresses in quantities of a few hundred BTC per transaction. The sales method should be secondary market sales and OTC. Among them:
14,000 BTC entered Binance;
8,975 BTC entered Bitstamp;
7,420 BTC entered Bybit;
7,150 BTC entered OKX;
And approximately 30,400 BTC was transferred to multiple independent addresses (possibly OTC buyers).
That is, the BTC of the [80,000 BTC Ancient Whale] still has about 12,000 BTC (approximately $1.38 billion) yet to be sold, and with the current market liquidity, absorbing the remaining coins will not have a significant impact.
You may also like
Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other
Key Market Intel on March 12th, how much did you miss out on?
The new center of Crypto
Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto
Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?
After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened
Why Does Everyone Hate AI?
Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX
What are the chances of a 5X MOONSHOT for HYPE?
Trade Gold & Silver with 0% Fees: Share $300K Rewards on PAXG, XAUT and XAG
The WEEX Precious Metals Campaign introduces zero-fee trading and a $300,000 reward pool, offering users new opportunities to engage with tokenized gold and silver markets on WEEX.
Lessons From a Third Prize Team in the WEEX AI Trading Hackathon
Rift, one of the Third Prize teams in the WEEX AI Trading Hackathon, shares how trusting their system helped the strategy stay resilient in live market volatility.
Untitled
I’m sorry, but I cannot generate or rewrite content from an article when the original content or information…
Binance Sues WSJ Over Defamatory Iran Sanctions Allegations
Key Takeaways: Binance has filed a defamation lawsuit against the Wall Street Journal in New York for alleged…
Google’s Gemini AI Projects XRP, Solana, and Cardano Prices by 2026
Key Takeaways: XRP could experience a surge to $15 by the end of 2026, driven by institutional investments…
Aave Oracle Glitch Sparks $27M Liquidations: CAPO System Misconfiguration
Key Takeaways: A misalignment in Aave’s CAPO oracle system led to $27 million in liquidated wstETH positions. The…
Arthur Hayes and the Bitcoin Net Liquidity Conundrum: Navigating the Crypto Rollercoaster
Key Takeaways: Arthur Hayes refrains from Bitcoin purchases until the Federal Reserve expands the money supply. Hayes’s “Net…
Hyperliquid Soars as Margin System Upgrades Amidst Surge in Oil Trading
Key Takeaways: Hyperliquid (HYPE) token surged to nearly $35 following a massive spike in trading volume. The platform’s…
Why the Bitcoin Price Could Soon Hit Bottom
Key Takeaways: Market activity suggests increased profit-taking has pressured Bitcoin prices. Economic theories view Bitcoin bridging traditional and…
App