Bitcoin whale makes splash 🐋

A whale who held onto a Bitcoin fortune for 14 years has started moving the enormous stash of 80,000 BTC—now worth $8.6 billion.

📝 What you need to know

Friday morning may have begun with the crypto market seemingly becalmed—but a mysterious Bitcoin whale suddenly began making waves.

The OG hodler had held onto their enormous stash of 80,000 BTC—worth $8.6 billion at today’s prices—for 14 years, before it began moving in chunks of billions of dollars at a time, leaving industry observers baffled.

The coins likely came from an early miner, experts concluded—and their stash makes them one of the top five largest holders of Bitcoin in crypto history. But what they’re doing with their funds is anyone’s guess. Maybe they’re rearranging their finances. Or preparing to scoop up some cheap NFTs. Or looking to buy a Mars rock.

Whatever the case, given that whale movements tend to send jitters through the crypto market, it could mean choppy waters ahead.

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💬 Quote of the Day

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"In eight years of analyzing Bitcoin, I've never seen anything like this."

CryptoQuant analyst J.A. Maartun on Friday’s gigantic OG Bitcoin whale movement

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