BlockChain News

Bitcoin Whale Governor has moved 324.2 million dollars after 10+ years: The main effects of BTC PRICE Action | Flash news details

In a major development of the cryptocurrency market, two bitcoin whales, which have a total of 3422 years, have a value of $ 324.2 million, recently reactivated their governor after more than a decade of stillness. According to a tweet from Lokonchain on May 6, 2025, at 10:30 AM UTC (https://twitter.com/lookonchain/status/1919556781946372592), the first whale, which was determined in the 1nwps2 portfolio address, transfer 2,343 BTC, remains inactive for 10 years. The second whale, with the 1piekb address, 1,079 BTC, has a value of $ 102.54 million, to a new wallet after 12 years of stillness. These transactions were recorded on Bitcoin Blockchain and have caused great attention among merchants and analysts. The sudden movement of such large quantities of bitcoin, especially from asleep wallets for more than a decade, often indicates the potential market transformations, where these currencies are likely to be obtained at much lower prices. At the time of transfers, Bitcoin was trading at a price of about 94,800 dollars per currency, based on the evaluation provided by Lokonchain. This event, which occurs in the midst of the volatile market environment in early May 2025, raises questions about whether these whales are preparing to sell or redistribute their assets, which may affect Bitcoin’s work in the short term. The timing of these transfers is particularly noticed, as Bitcoin witnessed a 5.2 % increase in the previous week, as it reached a peak at 95300 dollars on May 5, 2025, at 3:00 pm UTC, according to Coingecko data.

From the perspective of trading, the long reactivation of the Bitcoin Governor offers these opportunities and risks to the market participants. The transfer of 3,422 BTC, whose value is more than $ 324 million from May 6, 2025, at 10:30 am World time, can indicate the intention of selling or transferring money to stock exchanges, which may put pressure on Bitcoin price if filtered. Historically, the large transfers from asleep wallets to the headlines or active exchanges have preceded the short -term landing trends. For example, similar whale movements in late 2023 led to a decrease of 3.8 % within 48 hours. Traders should monitor data on the series for more activity from these addresses, especially whether BTC has been transferred to well -known exchange deposit portfolios. If these funds remain in cold storage portfolios or non -depositary portfolios, the influence on topical markets may be small. In addition, the BTC/USD trading pair on the main stock exchanges such as Binance and Coinbase showed increased volatility after the news, with prices fluctuating by 1.5 % between 94,200 dollars and 95,600 dollars on May 6, 2025, from 11:00 am to 1:00 pm UTC. For Altcoin merchants, this bitcoin whale activity is often associated with increased fluctuations in pairs such as ETH/BTC, which saw a 0.8 % decrease to 0.0385 on Binance at 12:00 pm UTC on the same day. Traders looking to benefit from this event may look at short -term hedging strategies or trading options to reduce the risk of sudden price fluctuations.

Technical analysis and size data increases the context of the market reaction to these whale transfers. On May 6, 2025, at 2:00 pm, the Bitcoin Relative Power Index (RSI) reached a 4 -hour graph, indicating a neutral condition to a slightly peak state, for all tradingvief data. The difference in moving average rapprochement (MACD) showed a bullish intersection on the daily chart at 9:00 am UTC, indicating that the potential bullish momentum if purchasing pressure. However, the trading volume increased by 18 % within hours of whale transfer news, reaching 32,500 BTC trading on Binance alone between 10:00 am and 1:00 pm UTC on May 6, 2025, which reflects the increasing market activity and uncertainty. The scales on the series from Glassnode indicate that the number of active titles increased by 12 % to 850,000 on May 6, 2025, at 11:00 am UTC, is likely to be driven by speculation about these whales movements. For trading couples, BTC/USDT recorded a 24 -billion dollars on Binance, with a size of $ 1.2 billion by 3:00 pm UTC, while BTC/ETH on Kaken increased 9 % to 4200 ETH circulated in the same time frame. These indicators indicate that although the market is a reactor, it remains uncertain whether the transfers of whale will lead to a major sale or accumulation. Traders must see support levels at 92,500 dollars and resisting at $ 96,000, and it was tested on May 5, 2025, at 5:00 pm UTC, for collapse or collapse signals in the coming hours.

Common Questions section:
What does the bitcoin whale mean to the market?
Bitcoin whale transfers, especially from a long permanent portfolio, such as that amount on May 6, 2025, and often indicate potential price movements. If 3422 BTC has been transferred at a value of $ 324.2 million to stock exchanges, this may indicate the sale of pressure, which may lead to low prices. If it is kept in private governors, the effect may be limited.

How can merchants interact with these whales movements?
Traders can monitor data on the chain to make more transfers, setting alerts for major support levels such as $ 92,500, and consider fluctuating strategies such as options or future trading. On May 6, 2025, BTC/USD fluctuations increased by 1.5 % within hours of news, providing short -term trading opportunities.



https://image.blockchain.news/features/DC3788979712BF4DFF603597AAC46E7C52F8B5EF76BC21453D757F37CDB271FE.jpg

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button