Well folks, buckle up because the Bitcoin rollercoaster just took a nosedive this Tuesday! Seems like some ancient, mysterious whale from the depths of crypto history decided to shake things up and started dumping BTC. Talk about a blast from the past! 🐋
The poor ol’ Bitcoin price tumbled faster than a greased pig at a county fair, briefly dipping below the $117,000 mark and hitting a low of $116,218. But, don’t get too comfy, it bounced back just a smidge – enough to let us breathe for a second, that is. 💸
According to Lookonchain, the crypto detective agency, this so-called OG whale, who’s sitting on a treasure chest of over 80,000 coins, decided to send a whopping 9,000 BTC (that’s around $1.06 billion for the math-impaired) to Galaxy Digital. Must be nice to just casually move a billion around like it’s pocket change! 💰
And that wasn’t the end of it, no sir! Right after that, the whale sent another 7,843 BTC to the same place, making the Bitcoin market sweat a little more. 🏃♂️
Now, Galaxy Digital is unloading those coins like hotcakes, with Binance and Bybit gobbling up around $236 million worth of BTC. Just another day in the wild world of crypto, folks! 🍰
Not to be outdone, another whale saw this madness and thought, “You know what? It’s time to switch sides.” So, they flipped their long position to short – because, why not join the party, right? 🎢
As reported by U.Today, it seems like profit-taking is on the rise, which may just mean we’ve reached a short-term peak. We’ve all been here before, haven’t we? 🙄
And, according to CoinGlass, a jaw-dropping $406 million in long positions were liquidated in just four hours. Just imagine what that feels like. Yikes! 😬
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2025-07-15 08:07