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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto for years. He has previous trading experience and has been working in the Fintech industry since 2017.
- October 9, 2024 4:33 PM UTC
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2 total readers
According to a recent post from Ki Young Ju, CEO of CryptoQuant, old Bitcoin whales – the ones that have been holding large BTC reserves idle for over seven years – remain dormant. Historically, any movement of these “dormant” Bitcoins often causes significant market volatility, with the impact varying depending on where and how these coins are transferred. With Bitcoin’s price currently stable, even a small shift in ownership of these whales could cause significant market reactions. Ju’s post raises an intriguing question: If you were a whale on the long-established Bitcoin, would you stay on the sidelines, or step up and influence the market?
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