A large Bitcoin holder trimmed its position again early on Aug. 20, according to monitoring data cited by BlockBeats. TradingBeats, formerly known as Hyperinsight, said whale address bc1qsy sold 2,000 BTC during the early hours as BTC rebounded. The transaction was valued at about $136.5 million.
The same address has been a notable seller over a longer stretch as well. Over the past month, bc1qsy has sold a cumulative 9,513 BTC with a total value of about $623.4 million, based on the figures provided in the report. The update points to continued distribution from the wallet during a period of price recovery, though the report did not disclose additional transaction details beyond the address, token amount, and estimated value.
The item was published by BlockBeats under its whale movement coverage.
BlockBeats reported on Aug. 20 that, according to monitoring by TradingBeats, formerly Hyperinsight, whale address bc1qsy sold another 2,000 BTC in the early hours of the day as Bitcoin rebounded. The sale was valued at about $136.5 million.
Over the past month, the address has sold a total of 9,513 BTC worth about $623.4 million.
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