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Are Sleeping Bitcoin Whales About To Trigger Market Chaos?

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By on October 9, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Are Sleeping Bitcoin Whales About To Trigger Market Chaos? appeared first on Coinpedia Fintech News

According to a recent post by Ki Young Ju, CEO of CryptoQuant, ancient Bitcoin whales—those who have held large BTC reserves dormant for over seven years—remain inactive. Historically, whenever these “sleeping” Bitcoins move, it often stirs up significant market volatility, with the impact varying based on where and how these coins are transferred. With Bitcoin’s price currently stable, even a small shift in holdings by these whales could spark significant market reactions. Ju’s post raises an intriguing question: if you were a whale with long-held Bitcoin, would you stay on the sidelines, or make a move and influence the market?

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