Crypto News
The Paxos-linked whale sold another 800 BTC, worth about $50.72 million, through Wintermute. That lifts the whale's Bitcoin sales over the past two months to 2,500 BTC, valued at roughly $154 million. The whale is not completely out, leaving further supply in focus.
Why it matters
The two-month tally matters more than the latest transfer. It points to sustained distribution from a large holder rather than a one-off sale, putting $63,000 at the center of the immediate support debate.
The remaining balance is the key detail. The latest transaction adds to a two-month selling pattern, so traders are watching whether demand can absorb more BTC while $63,000 holds.
Market impact
The immediate watchpoint is Bitcoin's response around $63,000. Continued sales would extend the supply overhang, while a firm hold would show buyers are absorbing the whale's distribution. The latest 800 BTC is therefore both a $50.72 million sale and part of a 2,500-BTC sequence.
Frequently asked questions
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How much BTC has the whale sold over the past two months?
The whale has sold 2,500 BTC over the past two months, worth roughly $154 million.
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What was the value of the latest Wintermute sale?
The latest sale involved 800 BTC valued at about $50.72 million and was sold through Wintermute.
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Does the whale still have BTC left to sell?
Yes. The whale is not completely out, so further BTC supply remains possible.
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Why does the 2,500-BTC total matter for Bitcoin?
It points to cumulative distribution over two months rather than an isolated transfer, keeping supply pressure in focus around $63K.
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What are traders watching near $63K?
They are watching whether buyers can absorb additional selling and whether Bitcoin holds $63K support. Continued transfers would keep pressure on BTC.
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