Bitcoin (BTC) briefly broke through the US$69,000 mark at 11 o'clock late at night yesterday (5th), reaching a maximum of US$69,080, setting a new record high of US$69,000 in the 2021 bull market. Unexpectedly Immediately, selling pressure emerged, and the price quickly evaporated by US$10,000, falling as low as US$59,005, a drop of more than 14.5%. By the time of writing, it had rebounded to US$63,684, with a drop of 6.7% in the past 24 hours.
The violent fluctuations of BTC late at night caused the liquidation amount of the entire network to reach US$1.13 billion in the past 24 hours, of which Bitcoin liquidation amount was US$321 million, ranking first.
During the same period, Satoshi Nakamoto transferred 1,000 BTC to Coinbase and made a huge profit of over 60 million US dollars.
The community is discussing the reasons for last night’s plunge, and a Nakamoto At the same time, the giant whale was suspected to be the culprit of this wave of selling pressure. Blockchain monitoring account SpotonChain tweeted earlier today (6) that a Bitcoin whale woke up after 14 years of dormancy and sold all 1,000 Bitcoins (worth nearly 6,710 USD) about 20 hours ago at a price of $67,116. million) was deposited into the Coinbase exchange and was allegedly responsible for the recent market crash. The whale minted these BTC in 2010 when the price was below $0.28, suggesting he may have made over $60 million in profits.
This also means that the whale’s Bitcoin assets have increased in value by at least 239,642 times.
btcparser.com captured 20 BTC block reward transfers on March 5th
According to btcparser.com data, as of the latest transfer, The whale has carried out 16 activities and transferred a total of 17,000 BTC, worth more than 1.08 billion US dollars at current prices. According to the report, the whale often operates at critical moments in the price of Bitcoin.
“The whale first appeared on March 11, 2020, when BTC prices fluctuated between $7,953 and just under $4,000 in 24 hours. And in November 2021, the two events One of them coincided with the time when BTC hit a new all-time high that year."
On March 1, 2,000 BTC were transferred
And with the recent surge in Bitcoin prices, this giant whale in March There was another move on the 1st, with the transfer of 2,000 Bitcoins mined in 2010, worth nearly US$124 million at the time.
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