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06 March 2021

Whale who sold Bitcoin before 2020 crash cashed out $156M before this week's 20% dip

Whale who sold Bitcoin before 2020 crash cashed out $156M before this week's 20% dip


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“As we noted yesterday, there was an 11x exchange inflow spike that initiated #Bitcoin's price correction from its $58.3k #ATH,” Santiment wrote in accompanying comments on Twitter.

Some believe that the market was overextended, with naysayers in particular claiming that a bubble-like process had long been underway.

Santiment noted that the same address had also sold immediately before the cross-asset price crash in March 2020.

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cointelegraph.com
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