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A Bitcoin whale disposes of 13,816 BTC in just a few hours

This morning, address 1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd made 5 transactions to reduce its position by 13,816 BTC (~$580M USD at the current price).

After these movements:

  • Current balance: 124,348.40 BTC
  • Its ranking among whales dropped from 3rd place to 4th place

This massive outflow signals a significant change in the behavior of large holders. Is it a sign that whales are taking profits amid the recent BTC rally, or are they repositioning their portfolios?

The million-dollar question: where are those bitcoins going? On-chain tracking in the coming hours will be key to understanding whether they are moving to exchanges (potential sell) or private wallets (holding for the long term).

BTC2.74%
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