Bitcoin whale moves $378M after 6 years: Is a selloff coming?

A Bitcoin whale has transferred 4,582 BTC worth approximately $377.6 million to five addresses after holding the coins for more than six years, as Bitcoin faces renewed selling pressure near $83,000. Blockchain analytics platform Lookonchain reported the transfer on October 12, identifying the sender as wallet 18VmXvkF4cgLi35RtMiHHDpvMjUCyVpQ9x. The coins were divided among five receiving addresses, with four obtaining 1,000 BTC each and the fifth receiving approximately 582 BTC. The recipient wallets had not moved their funds at the time of the initial analysis. According to Arkham’s blockchain records , the sending wallet originally received 4,582 BTC on March 3, 2020.

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