While the latest developments in the crypto money market increase the fear on investors, bitcoin whales began to move, too.
Finally, the large, dormant for about 7-10 years. BTC Stating that the whale woke up from its sleep and transferred Bitcoin CryptoQuant analyst sunmoon commented on the effect of this situation on the market.
The analyst said that after a long period of on-chain data, 10,000 BTC was transferred from an inactive wallet.
Stating that Bitcoins were transferred to other addresses, not deposited in the stock market, the analyst warned investors about voltility.
“10,000 Bitcoins that have been dormant for 7-10 years have been transferred. Luckily it wasn’t invested in a stock market. But watch out for volatility.
Bitcoin, which has been dormant for 7-10 years, is likely to fall when large amounts are transferred.”
After the FTX crisis, there was a sharp fall in Bitcoin. With these drops, it fell to $ 15,500.
Speculation that giant companies such as Genesis and Grayscale may also have trouble after FTX raises the fear.
While some analysts say that new lows can be seen in Bitcoin, some analysts say that the bottom has been found and they are waiting to go up.
bitcoin At the time of writing, it continues to trade at $ 16,457 with an increase of 1.34% in the last 24 hours.
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