Bitcoin

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-hits-record-high-triggering-whales-to-cash-out" rel="noopener noreferrer nofollow">Bitcoin Hits Record High, Triggering Whales to Cash Out</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-climbs-over-46000-with-record-etf-inflows" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value soared to an unprecedented peak of $73,650, underscoring a sustained upward trajectory in the <a href="https://en.bitcoinhaber.net/crypto-network-layerzero-announces-airdrop-event-for-june-next-year" rel="noopener noreferrer nofollow">cryptocurrency</a> market. This milestone signifies substantial gains for the majority of Bitcoin investors. Notably, influential Bitcoin holders, colloquially known as ‘whales’—those possessing a minimum of 1,000 Bitcoins—are seizing the moment to capitalize on their investments by selling off their holdings.</p>
<h2 id="whale-movement-alert-portfolio-adjustments-underway">Whale Movement Alert: Portfolio Adjustments Underway</h2>
<p style="text-align: justify">Crypto analyst Ali Martinez has revealed a chart demonstrating the commencement of asset liquidation by these major Bitcoin players. With each Bitcoin whale holding assets exceeding $73 million, the ramifications of their market moves are significant. The chart exhibited a downturn in the total Bitcoin volume within these heavyweight wallets, hinting at a shift towards selling.</p>
<p style="text-align: justify">Following the prior all-time high of $69,000 in 2021, whale behavior shifted towards reducing their Bitcoin stashes. Initiated in February and extending through March, this disposition has led to a narrowing of their aggregate balances and a decrease in the count of wallets containing over 1,000 Bitcoins.</p>
<h2 id="market-dynamics-whale-transactions-shake-bitcoin-valuation">Market Dynamics: Whale Transactions Shake Bitcoin Valuation</h2>
<p style="text-align: justify">The transactions of substantial Bitcoin holders have the potency to sway the market value due to their capacity to inject a sizeable supply instantaneously. The repercussions of their sales are observable, particularly when Bitcoin is on the verge of setting new records. For instance, a stark drop in price was recorded on March 12, when Bitcoin plummeted from $73,000 to $68,000 following a spike in selling activity.</p>
<p style="text-align: justify">Such actions by whales often exert downward pressure on Bitcoin prices. Even so, the cryptocurrency’s resilience to abrupt sell-offs indicates a robust demand capable of absorbing the increased supply. The recent price rebound, achieving a record high, demonstrates this market vigor. Presently, Bitcoin sustains its position above the $72,000 mark, marking a notable 10.49% advancement in the past week.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-hits-record-high-triggering-whales-to-cash-out" rel="noopener noreferrer nofollow">Bitcoin Hits Record High, Triggering Whales to Cash Out</a></h5>

Bitcoin Hits Record High, Triggering Whales to Cash Out

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