Yesterday, bitcoin lost more than $200 of its value and dropped down to $7,870 after a whale unloaded $50 million worth of BTC in a single Bitfinex trade. This came just a day after the third largest wallet let go of about $50 million bitcoin. However, BTC price is back to being over $8k.
Over $100 million BTC unloaded in 24 hoursA few days back, Bitcoin enthusiasts got a reason to be happy about as its prices crossed the $8,000 mark. However, this crossover was short-lived as yesterday, as bitcoin got dumped down to $7,870. Over the course of 20 minutes, the price of several cryptocurrencies took a hit.
Continue reading:
https://coingape.com/btc-price-crosses-8k-after-losing-200/Oh OK. So this is the reason why bitcoin suddenly slumps to $7800 after enjoying a price of above $8+++. I thought that we are going to touch and break the next psychological barrier which is $8500. I just really don't understand that when we are making a break out, we suddenly experienced this huge dump. I guess daily traders are the norm during this kind of price movement.
Right now though we are stuck at $8000 and I hope that there are no more dumps coming so that we can at least enjoy seeing the market getting into the green zone of above $8K-$9K. But as far as address
3D2oetdNuZUqQHPJmcMDDYYQkyNVsFk9r, it still holds a lot of funds, 185,884.30591252
BTC still at his disposal.