Bitcoin Whale Move $360M Go DeFi After $5B ETH Swap
One Bitcoin whale move $360 million BTC go Hyperunit DeFi protocol, na e be im first BTC move since im swap over $5 billion go ETH for August. Di Bitcoin whale still get pass $5 billion BTC, wey fit mean say e fit wan sell. At di same time, dormant people move 32,300 BTC (worth $3.93 billion) go exchanges—the biggest long-time transfer dis year. Analysts talk say di new whale activity and dormant coin flows dey cause short-term wahala and maybe dem go switch to ETH, while Matrixport dey predict say Bitcoin dominion go bounce back. Traders suppose dey watch these BTC moves and market signs well well.
Bearish
Di whale first BTC move for two months and di retention of over $5 billion for BTC mean say e get sell pressure wey dey come. At di same time, 32,300 BTC move from dormant addresses go exchanges, increase supply and fit cause short-term sell-off. Historically, dis kain big holder and dormant coin movement dey usually affect BTC price dey make the near-term outlook bearish for Bitcoin.