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Crypto

Bitcoin Whale Sells $576M in One Week Amid Price Surge

Guavy AI Editorial Team
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BTC
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A significant Bitcoin sale has been made by an unknown whale investor between August 19 and 22. The whale sold 7,700 BTC worth approximately $576.6 million during this period, with a single transaction of 2,700 BTC valued at $212 million.

Despite the substantial sell-off, the market absorbed the supply without experiencing a sharp price drop. This stability is attributed to ongoing institutional buying and favorable macroeconomic conditions.

This sale comes after a recent period of accumulation by other large holders, highlighting diverse strategies among big investors as Bitcoin approaches the $80,000 mark.

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