Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Oct 9, 2024 16:33 UTC
- 51 Total Readers
According to a recent post by Ki Young Ju, CEO of CryptoQuant, ancient Bitcoin whales—those who have held large BTC reserves dormant for over seven years—remain inactive. Historically, whenever these “sleeping” Bitcoins move, it often stirs up significant market volatility, with the impact varying based on where and how these coins are transferred. With Bitcoin’s price currently stable, even a small shift in holdings by these whales could spark significant market reactions. Ju’s post raises an intriguing question: if you were a whale with long-held Bitcoin, would you stay on the sidelines, or make a move and influence the market?
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Source: https://coinpedia.org/crypto-live-news/are-sleeping-bitcoin-whales-about-to-trigger-market-chaos/