An address that accumulated 1,074 WBTC at an average price of $10,708 four years ago has sold 300 WBTC ($35.62 million) about nine hours ago, according to on-chain analyst @ai_9684xtpa on X. Over the ...

An address that accumulated 1,074 WBTC at an average price of $10,708 four years ago has sold 300 WBTC ($35.62 million) about nine hours ago, according to on-chain analyst @ai_9684xtpa on X. Over the past four days, the wallet has offloaded a total of 1,000 BTC, generating an estimated profit of $107 million.

Whale sells 1K WBTC after four years

Blockware BTC analyst Mitchell Askew states that Bitcoin will no longer experience "parabolic" price increases or "devastating" bear markets, as BTC Exchange Traded Funds (ETFs) have permanently reduced volatility and changed market dynamics.

"BTC/USD looks like two completely different assets before and after the ETF," the analyst wrote on Friday. The chart he shared shows that price volatility sharply declined after the launch of Bitcoin ETFs in the United States in January 2024. The analyst stated:
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Bitcoin volatility drops to historic lows: no more violent bull runs and desperate bear markets

Binance's previously announced airdrop getting postponed

Binance Delays This Airdrop, Here's Why

There are roughly the same odds of ETH reaching $10,000 and failing to reach $4,000 this year