Crypto Whale Awakens: Satoshi-Era Billionaire Dumps 2,401 BTC ($245M) on Kraken—Bullish or Bearish Signal?
A Bitcoin whale from crypto's Stone Age just shook the market—2,401 BTC (worth $245 million at press time) hit Kraken's order books in one fell swoop.
Is this a strategic exit or just portfolio rebalancing? The timing raises eyebrows as institutional FOMO pushes BTC toward new ATHs.
Fun fact: That much BTC would've bought you a pizza in 2010. Today? A small country's GDP. The ultimate HODLer's revenge—unless they're selling at the top like a Wall Street pro.
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However, potential rate cuts on the horizon could bring relief if they help bring down the 10-year Treasury yield, which the 30-year mortgage rate closely tracks.
Pending Home Sales Drop for First Time in Four Months
U.S. pending home sales dropped by 0.3% for the four weeks ended November 9, marking the first decline in four months, according to Redfin. The real estate brokerage also reported that homes are taking a median of 49 days to go under contract, the longest duration for this period since 2019.
“House hunters are sensitive to rates and prices; many are waiting for one or both to drop before buying,” said Redfin Premier agent W.J. Eulberg.
In another blow to potential homebuyers, median home sales prices increased by 2.4% year-over-year, registering the biggest increase in six months.
