Bitcoin Under Pressure - The Massive Sell-Off That Rocked the Crypto Market

Bitcoin Under Pressure: The Massive Sell-Off That Rocked the Crypto Market

The cryptocurrency market has recently been marked by a sudden move that has caught the attention of investors around the world. A wallet that had been dormant for years has been reactivated and transferred over 24,000 Bitcoins in a single session. The total value of the transaction exceeded $2.4 billion, and the timing — a weekend with low liquidity — amplified the effects.
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According to analysts, the sell-off was carried out by a large holder, possibly with the intention of taking advantage of the weekend market volatility. The move came immediately after a slight rebound in Bitcoin following the Jackson Hole symposium, where Fed Chairman Jerome Powell offered economic insights that temporarily influenced the market

For many, this episode was a wake-up call. For others, an opportunity. But beyond the market reactions, the essential question remains: what does such a move mean for confidence in crypto?