An unknown Bitcoin whale sold 2,742 BTC, earning $75 million. This event attracted the attention of analysts, who consider it a sign of a market top.
In this case, the whale sold a significant portion of its holdings immediately after the launch of spot Bitcoin ETFs.
However, some experts believe that this event may simply be a short-term play out of a sell-the-facts scenario. They argue that in the long term, spot ETFs will drive the Bitcoin market higher. Selling Bitcoin by a whale could be a signal of a market correction. However, it is important to remember that the cryptocurrency market is very volatile and it is impossible to predict its behavior with certainty.
