Dormant Bitcoin whale holding 80K BTC could crush the market, analysts warn

Cryptocurrency analysts have warned that early adopting Bitcoin whales still have “plenty of clout” when it comes to dictating market prices. Those behind Twitter-based transaction monitor @whale_alert have noted that an apparently dormant Bitcoin address houses almost 80,000 BTC ($750 million), and if the owner decides to sell them all, it could spell utter devastation for the industry. “That address alone — if that is actually a whale who’s been holding their coins for so long without doing anything with them — if they decide, ‘Okay, let’s go sell them,’ it would crush the market completely,” Whale Alert told crypto…

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source https://thenextweb.com/hardfork/2019/11/06/bitcoin-whale-dormant-cryptocurrency-market-crush-alert-transaction/