A crypto whale may have temporarily panicked after yesterday’s events and sold a large amount of Bitcoin.
As is known, yesterday a cryptocurrency whale that had been sleeping since 2011 woke up and moved 80,000 BTC worth approximately $8 billion.
A crypto whale, likely caught up in the wave of FUD from yesterday’s incident, moved 1,550 BTC, or approximately $167 million worth of assets, to cryptocurrency exchange Binance.
However, despite the wave of FUD, Bitcoin price has increased by 0.11% since yesterday and is trading above $108,000 at the time of writing.
There is also speculation about the identity of the big whale, who has not sold yet and has simply moved his assets to another crypto wallet. Some low-level evidence suggests that this whale could be Roger Ver, a former BTC supporter and now the founder of another cryptocurrency called Bitcoin SV.
Roger Ver is one of the early supporters of BTC, and it is thought that Ver may be preparing a deal with the IRS, the US tax authority, behind the movement of this amount of BTC.
*This is not investment advice.