Old Bitcoin whales sold $271M in BTC: Is crypto rally at stake?

Old Bitcoin whales sold $271M in BTC: Is crypto rally at stake?

1.22%TRX$0.3191 0.63%LINK$8.95 2.05%ADA$0.2525 1.16%BCH$440.58 0.21%XRP$1.34 0.68%ETH$2,197 0.61%BTC$72,116 1.51%XMR$346.62 5.91%BNB$601.45 0.16%XLM$0.156 0.07%SOL$83.38 1.39%HYPE$40.49 4.51%USD Written by Biraajmaan Tamuly,Staff WriterReviewed by Ray Salmond,Staff EditorOld Bitcoin whales sold $271M in BTC: Is crypto rally at stake?11 hours agoBitcoin whales sold $271 million in BTC on Sunday, but the steady absorption of supply by traders should help bulls maintain their hold on the market momentum. Data shows Bitcoin (BTC) investors who had held their positions for over seven years took profit by selling $271 million in BTC. A similar wave of “OG whale” selling in January coincided with a more fragile market that lacked buyer demand, triggering a sharp dip in the BTC price. Current onchain data reflects a much stronger market where BTC supply absorption and reduced selling may allow B

Source: https://cointelegraph.com/news/old-bitcoin-whales-sold-dollar271m-in-btc-is-the-crypto-rally-at-stake?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound