Gate News reports that on March 19, a Bitcoin whale inactive since 2013 recently sold 3,500 BTC, worth approximately $442 million, causing a bearish sentiment in the cryptocurrency market. The sale is part of a larger capital movement, with 44,459 BTC (about $3.15 billion) flowing into exchanges in a single day. The market is responding to this supply shock, with Bitcoin currently trading around $69,500, down from recent highs. The sale coincides with macroeconomic factors, as the Federal Reserve maintains interest rates between 3.50% and 3.75%. Analysts suggest Bitcoin may test the $64,000 support level, with $60,000 being a key bottom. Meanwhile, funds are shifting toward infrastructure projects like Bitcoin Hyper, which integrates the Solana Virtual Machine, offering high-speed smart contracts and attracting significant investment during its pre-sale.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Market Rebounds 1.5% to $2.54T as Bitcoin Leads Rally Amid Tech Surge and Policy Progress
The crypto market rebounded 1.5% to $2.54 trillion, led by Bitcoin's 7% gain amid easing geopolitical tensions and strong ETF inflows. Analysts predict further gains if Bitcoin surpasses $76K resistance.
GateNews16m ago
Bitcoin Hits $76,000 Resistance as Exchange Inflows Signal Sell Pressure
Bitcoin reached US$76,000 on April 15, 2026, its highest level since early February, before retreating to US$74,800 as selling activity increased, according to on-chain data from CryptoQuant. Hourly exchange inflows surged to approximately 11,000 BTC, the highest since December 2025, while average d
CryptoFrontier35m ago
BlackRock Bitcoin ETF Holds $59.31B in BTC at Average Cost of $89K
BlackRock's Bitcoin ETF holds $59.31 billion in Bitcoin at an average cost of $89,000 per BTC, rebounding over $11 billion since its bottom on February 25 amid recent Bitcoin price recovery.
GateNews55m ago
Huang Licheng increases his holdings of BTC and HYPE, with total holdings exceeding $56.5 million
According to on-chain data platform Hyperbot, well-known Hyperliquid trader Huang Licheng (Maji Big Brother) significantly increased his Bitcoin and HYPE long positions on April 16. As of the latest data, his total open position size on the Hyperliquid platform exceeds $56.5 million, with unrealized gains on his portfolio of approximately $1.9 million.
MarketWhisper1h ago
Bitcoin Core Developers Propose BIP-361 to Freeze 1.7M Early BTC Against Quantum Computing Threats
BIP-361, proposed by co-authors including Jameson Lopp, aims to secure early Bitcoin by migrating 1.7 million coins from weak P2PK addresses to stronger formats, allowing 3-5 years for users before freezing untransferred coins. Community responses vary significantly.
GateNews1h ago
Goldman Sachs Files for Bitcoin Premium Income ETF With Covered Call Strategy
Asset manager and financial giant Goldman Sachs filed a registration statement with the Securities and Exchange Commission (SEC) on Tuesday, for a new actively managed fund called the Goldman Sachs Bitcoin Premium Income ETF.
Key Takeaways:
Goldman Sachs filed for a Bitcoin Premium Income ETF on
Coinpedia2h ago
