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Bitcoin Whale Sells $576M in BTC as Price Pulls Back from Record High

Guavy AI Editorial Team
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BTC
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A mysterious Bitcoin whale has caused market concerns by selling $576 million in BTC as the price pulls back.

The whale, identified by wallet address 'bc1qsy', unloaded 2,700 BTC worth approximately $211.8 million over the past 24 hours, bringing its total sell-off to 7,770 BTC valued at about $576.6 million over three days.

This selling activity appears to be part of a broader pattern rather than a reaction solely to Bitcoin's latest price surge.

Some traders remain optimistic after Bitcoin's breakout above $78,000, while others expect a near-term correction following the rapid rally.

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