Crypto market observers are concerned about a potential correction, as whales sell billions of dollars in Bitcoin, despite the American Senate which adopts three key laws which give more clarity to digital assets.
A Satoshi era whale woke up after 14 years of dormancy and moved $ 9.6 billion in Bitcoin (BTC), which he received in April and May 2011, Cointelegraph reported on Thursday.
The whale may have chosen to sell due to concerns linked to the orientation and establishment of national innovation for American stables, or Genius Act, as “the American government is traveling to enforce the audit requirements on sparks”, according to Jacob King, financial analyst and CEO of Whalewire.
“This only will burst the biggest bubble and fraud in financial history: Bitcoin. It is entirely supported by a false silver printed from the air,” he wrote in a Friday X Post.
King’s comments occur a day after American regulators adopted three key cryptocurrency key bills, including the Genius Act, during a 308-122 vote on Thursday.
Other industry observers are more optimistic. According to Katalin Tischhauser, head of investment research at Digital Asset Bank Sygnim, the law on engineering provides “clear regulatory frameworks and compliance routes” for “legal recognition of stablecoin as a settlement instruments”.
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Bitcoin Og whales do not care about regulations: Nansen analyst
Despite initial concerns, long -term Bitcoin whales may not “worry about the bill”, according to Nicolai SONDERGAARD, research analyst at Crypto Intelligence Platform Nansen.
“Even without regulation, you have always held for several years and you have now reached incredible wealth levels,” he told Cointelegraph, adding:
“Finally, we want to take advantage and use said richness to take advantage of the advantages, because what other reason is there to accumulate wealth?”
The Satoshi-A era whale has increased by more than 2.4 million percent over 14 years, after keeping the Bitcoin hiding place since 2011, when BTC was negotiated below $ 30.
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“Although the sale of the whale has not occurred due to correction problems, some investors can still wait a decline,” said the analyst, adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding: adding:
“We see indicators of fear / greed at 73 years, indicating a certain greed, but probably that many are not yet entirely allocated and expect at least market disorders or setbacks.”
Nansen’s analysis of the data of the options indicates that the feeling is “slightly optimistic but always placing bets which cover the two directions”.
Meanwhile, the funds negotiated in exchange for American Bitcoin Bitcoin Bitcoin recorded the 11th consecutive day of net positive inputs, amazing more than $ 522 million in investments on Thursday, according to distant investors data.
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