Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Analysis: Satoshi-era whales dumping BTC sparks debate over Bitcoin’s departure from its “cypherpunk” roots
3hours ago

Odaily Planet Daily reported that Galaxy Digital disclosed this weekend that it had facilitated a $9 billion Bitcoin transaction for a Satoshi-era investor, totaling more than 80,000 coins. The company said the transaction was one of the largest nominal BTC transactions to date. Cryptocurrency analyst Scott Melker believes that the confidence of many early whale investors has been shaken and they choose to sell at the current market price. This comment has sparked heated debate among influencers and traders in the cryptocurrency industry. Some people pointed out that selling Bitcoin does not necessarily mean that investors have given up long-term holdings of the asset. For example, Adam Back is still increasing his holdings of BTC. However, as Bitcoin is increasingly absorbed by traditional financial markets through ETFs, corporate funds and custody solutions, the crypto community is worried that Bitcoin has deviated from its cypherpunk roots. (CoinDesk)