Bitcoin whales have been offloading their holdings, resulting in a recent downturn in Bitcoin’s price. Approximately 9,406 Bitcoins, worth around $275 million, were transferred by whales to major exchanges within the last 24 hours. The significant transactions coincided with reports of the US’s accelerating GDP, leading to speculation that Bitcoin’s price may need to drop before it can rise again. The largest transfers were made to Binance and Coinbase, with Bitcoin’s price currently hovering around $29,264.
AI Sentiment: Negative
