• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

A mysterious Bitcoin Whale causes brief panic sell-offs at Bitcoin’s Market

Olumide Adesina by Olumide Adesina
May 21, 2020
in Cryptos, Markets
A Mysterious Bitcoin Whale Causes Brief Panic Sell Offs at Bitcoin’s Market, The odds against Bitcoin, Goldman Sachs says Bitcoin is not an investment asset, BTC whales control the BTC market, at the highest levels , , There are now 13,173 BTC millionaires around the world

Bitcoins

Share on FacebookShare on TwitterShare on Linkedin

Bitcoin survived a surprising sell-off yesterday after a mysterious entity moved 40 BTC from an address that had been inactive for more than ten years.

Twitter account “Whale Alert” first predicted that the Bitcoin wallet probably belonged to Satoshi Nakamoto, who has 1.1 million BTC.

What you need to know: A bitcoin whale is used to refer to individuals, or institutions, that hold large amounts of bitcoins. According to data obtained from Coinmarketcap, bitcoin is presently trading at $9500 with a market capitalization of $174.6 billion. Bitcoin dropped after failing to pass above its price level resistance near $10,000. The pullback bias could increase. 

RelatedStories

Bitcoin falls below $61,000 following looming activity on Mt. Gox exchange 

Bitcoin dips as U.S inflation jitters and tech stock sell-off intensify

August 20, 2025
Bitcoin

Bitcoin blasts past $124K for the first time amid U.S. retirement and treasury push 

August 14, 2025

READ MORE: Stakeholders worried 9mobile crisis will affect the telecoms industry

Satoshi Nakamoto, Bitcoin’s creator, might be a bearish ‘ghost’, according to events that took place in the crypto market on Wednesday.

BTC was eyeing retest of a technical resistance level at $10,000 while trading some $200 below it before – almost suddenly – traders sold off near $9,800 after Twitter user Whale Alert tweeted about an old Bitcoin address becoming active.

In addition, the $500 plunge that occurred yesterday uncovered one of the biggest concerns lying beneath an otherwise bullish Bitcoin market.

Listen to Business podcasts on Nairametrics

Data aggregation portal Messari wrote in its letter to clients today about “anxiety” among crypto traders and investors over Nakamoto’s treasure.

“Satoshi is estimated to have over 1.1 million coins, and there is the fear (albeit overblown) that those coins could be market dumped on an exchange, which would tank Bitcoin’s price,” the letter read.


Follow us for Breaking News and Market Intelligence.
Tags: BitcoinBusiness NewsCryptocurrency Investorcryptocurrency marketSatoshi Nakamoto
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Bitcoin falls below $61,000 following looming activity on Mt. Gox exchange 
Cryptos

Bitcoin dips as U.S inflation jitters and tech stock sell-off intensify

August 20, 2025
Bitcoin
Cryptos

Bitcoin blasts past $124K for the first time amid U.S. retirement and treasury push 

August 14, 2025
US spot Bitcoin ETF records $140 million in daily net outflows 
Cryptos

Institutional appetite for BTC ETFs pushes Bitcoin toward record high 

August 11, 2025
Bitcoin, Ethereum crash as Crypto liquidation hits $708 million 
Cryptos

Bitcoin, Ethereum crash as Crypto liquidation hits $708 million 

August 2, 2025
PayPal to let businesses accept over 100 cryptocurrencies at checkout 
Financial Services

PayPal to let businesses accept over 100 cryptocurrencies at checkout 

July 28, 2025
Bitcoin
Cryptos

Bitcoin faces more correction amid increased Whales activity

July 22, 2025
Next Post
EMM podcast, Everyday Money Matters

Podcast: Will Banks increase their interest rates now?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
access bank
nairametrics
Emple
Palmpay
first bank








DUNS

Recent News

  • Court convicts Dennis Tamarakuro for defrauding a U.S.-based NGO of over $71,000 
  • FG did not order CNG pump price change, private operators responsible – PCNGI 
  • President Tinubu commits N1.85 billion to education and rehabilitation of Chibok girls

Follow us on social media:

Recent News

Court convicts Dennis Tamarakuro for defrauding a U.S.-based NGO of over $71,000 

Court convicts Dennis Tamarakuro for defrauding a U.S.-based NGO of over $71,000 

September 4, 2025
Federal Government offers free CNG conversion for vehicles at six Lagos locations

FG did not order CNG pump price change, private operators responsible – PCNGI 

September 4, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics