The Satoshi-era whale who sent shockwaves across the market on July 15 might be selling again.
According to data provided by Onchain Lens, a Satoshi-era Bitcoin OG recently moved $4.77 billion worth of Bitcoin to a single wallet. The massive whale recently transferred 40,009 BTC ($4.69 billion) to Galaxy Digital. The move was believed to be the key reason behind Bitcoin’s rapid correction.
The most recent transfer indicates that this selling might continue in the near future. Bitcoin is currently trading at $118,438 after adding 0.6% over the past 24 hours, according to CoinGecko data.
BlackRock just made its biggest move with Ethereum (ETH) to date, snapping up $499.2 million worth of ETH in a single day. This is a new all-time high for daily ETH accumulation by the asset giant. Arkham captured the purchase on-chain and now pegs BlackRock’s Ethereum holdings at over $7 billion, representing more than two million ETH.
BlackRock’s crypto portfolio keeps growing, with assets reaching almost $92 billion. Bitcoin is still the leader with $84.98 billion, but ETH is gaining ground quickly, especially as Ethereum-based products are bringing new money into the space.
An ultra-rare bullish signal has just flashed for XRP, and analysts are paying close attention. According to Ali Martinez, a cryptocurrency analyst, the MVRV ratio (Market Value to Realized Value) has triggered a golden cross, a signal that previously preceded a massive surge for the token.
XRP was recently up 10.03% in the last 24 hours to $3.28, extending its rally from a low of $2.87 on Wednesday. Several analysts believe XRP’s recent rally was underpinned by its strong technical structure, with veteran trader Peter Brandt highlighting the formation of an ultra-rare compound fulcrum pattern on the XRP chart, with the potential to reach $4.4. Some other predictions target $5.
