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Could bitcoin whale move $37 million bitcoin after 11 years?

Bitcoin whale moves $37 million bitcoin after 11 years. (Todd Cravens/Unsplash) An early bitcoin (BTC) holder moved some $37 million worth of the cryptocurrency to fresh wallets after eleven years of inactivity, sparking discussions around what the intention of this could be.

What happens if a crypto whale buys cryptocurrencies?

When whales increase their Bitcoin stash, prices tend to soar, while selling off portions of their holdings can lead to declines. By holding substantial amounts of cryptocurrencies, crypto whales can generate scarcity, driving up demand and value. Large transactions by whales can trigger significant price shifts, guiding other traders’ actions.

What is bitcoin whale?

The movement is the latest in a trend of early buyers and holders moving their tokens to new wallets after several years of inactivity. Bitcoin whale moves $37 million bitcoin after 11 years. (Todd Cravens/Unsplash)

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