This is the Reason, Massive $BITCOIN Dump Triggers Price Crash

A mysterious crypto whale, holding a significant portion of the $BITCOIN supply, recently executed a colossal sell-off, sending shockwaves through the market.

The address 0xdC67f1be502cdf6a665F63806D96d09F15cB1820, had been a major holder of BITCOIN.The Dump: In a sudden move, the whale sold a staggering 24 million $BITCOIN, worth approximately $5.34 million, for 50.17 $WBTC, valued at around $3.53 million.

Price Impact: This massive sell-off triggered a dramatic 52% plunge in the price of BITCOIN.

Profitable Venture: The whale's investment journey with BITCOIN dates back to May and June 2023. During this period, they spent 29.92 $ETH (worth $54,000) to acquire 54.8 million BITCOIN. Later, they sold 28.8 million $BITCOIN for 21.4 $ETH ($39,000).Total Profit: Despite the recent sell-off, the whale's overall profit from their $BITCOIN investment stands at a substantial $3.51 million.

Stay tuned for further updates and analysis of this market-moving event with #eyeonchain .
$BTC #marketcrash