Markets· ★★★· bearish·

Dormant Bitcoin whale moves 4,582 BTC worth $378M

  • —Wallet moved 4,582 BTC valued at $377.58M
  • —Lookonchain reported the transfer on October 13
  • —Another whale moved 4,500 BTC on October 8
  • —Recipients and purpose of the transfer remain unknown
Why it matters: Large moves of long-dormant coins are often read as a potential sell signal and can weigh on Bitcoin's price.
Source: Koin Bülteni