Dormant Bitcoin Whale Sell 450 BTC OTC to Market Makers
One dormant Bitcoin whale don activate im wallet again to sell 450 BTC (≈$53.4 million) through OTC. The address, wey don dey idle since 2011, get 3,962.6 BTC wey e buy at $0.375 each. The whale split the transfer into three batches of 150 BTC each wey im send to market makers Coinbase, B2C2 and Wintermute.
Bitcoin whale moves fit affect liquidity and market sentiment. By using OTC channels and top market makers, the seller wan limit price wahala and slippage for public exchanges.
With daily volumes for billions, 450 BTC na small part of the market. Still, traders suppose dey watch on-chain analytics and exchange flows well to catch early sign of supply changes.
Past big OTC deals—like the 80,000 BTC transfer—show how early holders dey manage risk and liquidity. This latest activation show how Bitcoin whales still dey important for price dynamics.
Neutral
To sell 450 BTC through OTC to market makers no go too strong affect market. Daily trading don dey reach billions of dollars, dis quantity small and dem dey handle am off-exchange to avoid slippage. Even though any Bitcoin whale activity fit affect short-term liquidity and sentiment, to dey route am through OTC channels show say dem dey control am well to limit price wahala. So, the net effect on top Bitcoin price go remain neutral, with little short-term volatility and no long-term trend impact.