Mysterious Whale Sells Record-Breaking $576 Million in BTC as Bitcoin Nears All-Time High

A large Bitcoin holder has sold approximately $576 million in BTC over three days, despite the asset nearing its all-time high price of $80,000.

The unidentified wallet made a single transaction worth around $211.8 million at current prices, bringing their total three-day haul to 7,700 BTC.

This sudden sale comes as investors are monitoring Bitcoin's price action closely, with the asset jumping double digits over the last couple of days to complete its strongest weekly rally since 2024.

The Treasury's announcement to double its long-dated bond buyback operations has contributed to Bitcoin's rally, compressing long-end Treasury yields and pushing investors toward risk assets, including Bitcoin.