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In the most recent episode, data from blockchain analytics platform Lookonchain revealed that approximately $26.3 million worth of BTC was offloaded in the hours leading up to a significant price drop.This sizable sale, possibly whale activity, has prompted speculation among market observers about the motives and intentions behind the move. , a trader deposited 395 BTC worth $26.3 million to Binance for sale before Bitcoin prices fell several hours ago. The trader had bought 536 BTC worth $35.
Some speculations suggest that the timing of the sell-off indicates a prescient move to capitalize on an impending market downturn, suggesting that traders or large holders may possess insights into market conditions. These individuals may have anticipated negative news or events that could trigger a price decline and acted accordingly to protect their assets.
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