Bitcoin whale moves $378M after 6 years: Is a selloff coming?

A Bitcoin whale has transferred 4,582 BTC worth approximately $377.6 million to five addresses after holding the coins for more than six years, as Bitcoin faces renewed selling pressure near $83,000. A Bitcoin whale transferred 4,582 BTC worth approximately $377.6 million across five separate receiving addresses. Four receiving addresses obtained 1,000 BTC each, while the fifth received approximately 582 BTC separately. The original wallet received its Bitcoin in March 2020, when holdings were worth $40.8 million. Another dormant Bitcoin wallet transferred 4,500 BTC worth $375.7 million after four years of inactivity.