Satoshi-Era Bitcoin Wallet Holder Makes Astounding 40,000,000% Profit After Dumping BTC Worth $3M Amid Sizzling Rally
Portfolio Pulse from Mehab Qureshi
A Satoshi-Era Bitcoin wallet, inactive for 14 years, sold 50 BTC for a 40,000,000% profit, totaling $3M. The sale occurred before Bitcoin's 7% dip, contributing to market-wide selling pressure. BTC was trading at $66,914, down 0.20% over the last 24 hours.
March 06, 2024 | 10:34 am
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A Satoshi-Era Bitcoin wallet sold 50 BTC for $3M, marking a 40,000,000% profit. This sale occurred before a 7% dip in Bitcoin's price.
The sale of a significant amount of Bitcoin by a long-inactive wallet could contribute to selling pressure, especially when it precedes a market dip. This event, coupled with the timing before a 7% decrease in Bitcoin's price, suggests a potential short-term negative impact on Bitcoin's price due to increased selling pressure and market sensitivity to large transactions from old wallets.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100