According to ChainCatcher, the on-chain analysis platform Arkham posted on X platform that the ancient whale who previously transferred over 80,000 BTC might only be performing an address upgrade, rather than planning to sell. The whale migrated the old addresses starting with "1-" to addresses starting with "bc1q-", and so far, there is no indication that the ancient whale is selling its Bitcoin.
Data: Arkham claims that the transfer of 80,000 BTC by whale may only be for address upgrade
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