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BTC

Major Bitcoin Whale Continues Large-Scale Sales Amidst ETH Accumulation

A major whale, with address 12d1e4, continues to actively sell Bitcoin. Today, they sold 1,000 BTC worth approximately $106 million. Since April 3, 2024, they have sold a total of 6,500 BTC, totaling around $585 million. Currently, the wallet balance stands at 3,500 BTC, valued at about $363 million. The addresses involved are Arkham1 and Arkham2. Previously, there has been activity indicating they are buying Ethereum.
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AI Analysis

The ongoing activity of this large Bitcoin holder suggests a strategic shift or a profit-taking move, especially given the substantial amount sold recently. The consistent reduction in Bitcoin holding...

AI Recommendation

Given the significant recent sales by this whale, traders should remain cautious about expecting an immediate rally in Bitcoin prices. The heavy liquidation from such a major holder could lead to incr...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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