{"id":625442,"date":"2024-06-19T17:00:14","date_gmt":"2024-06-19T17:00:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=625442"},"modified":"2024-07-10T11:08:48","modified_gmt":"2024-07-10T11:08:48","slug":"whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/","title":{"rendered":"Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:91\">Bitcoin seems to be running across an air pocket. Whales have been largely discarding their digital possessions during the previous two weeks. For many landlocked investors, this exodus\u2014which, according to CryptoQuant amounts to over $1.2 billion\u2014has cause for anxiety.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/analysts-bullish-call-bitcoin-primed-for-massive-jump-to-127000\/\" target=\"_blank\" rel=\"noopener \">Analyst\u2019s Bullish Call: Bitcoin Primed For Massive Jump To $127,000<\/a><\/div>\n<h2 data-sourcepos=\"5:1-5:46\"><strong>Where The Whales Go, The Market May Follow<\/strong><\/h2>\n<p data-sourcepos=\"7:1-7:54\"><span id=\"input-sentence~0\">Although the causes of this unexpected sell-off are still unknown, experts note a convergence of elements.<\/span><span id=\"input-sentence~1\"> According to one idea, miners&#8217; objectives change to include the brawny computers guarding the Bitcoin network and getting paid fresh coins.<br \/>\n<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> long-term holder whales sold $1.2B in the past 2 weeks, likely through brokers.<\/p>\n<p>ETF netflows are negative with $460M outflows in the same period.<\/p>\n<p>If this ~$1.6B in sell-side liquidity isn&#8217;t bought OTC, brokers may deposit <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> to exchanges, impacting the market. <a href=\"https:\/\/t.co\/oYeKsRqKeF\" rel=\"nofollow\">pic.twitter.com\/oYeKsRqKeF<\/a><\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/54343450?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 18, 2024<\/a><\/p><\/blockquote>\n<p data-sourcepos=\"7:1-7:54\"><span id=\"input-sentence~2\">Miners could be cashing out their crypto profits to invest in the future of computing as the rapidly expanding artificial intelligence (AI) industry presents a perhaps more rich goldmine.<\/span><span id=\"input-sentence~3\"><br \/>\n<\/span><\/p>\n<p data-sourcepos=\"7:1-7:54\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-625443\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_34478e.png?resize=1024%2C574\" alt=\"\" width=\"1024\" height=\"574\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_34478e.png?w=1394 1394w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_34478e.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_34478e.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_34478e.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_34478e.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_34478e.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p data-sourcepos=\"9:1-9:272\">Unquestionably, artificial intelligence appeals to Lucy Hu, a senior analyst at Crypto Fund Metalpha. The basic processing capacity required for artificial intelligence development fits exactly the capacity of mining equipment. Miners seem to be purposefully spreading their income sources.<\/p>\n<p data-sourcepos=\"11:1-11:48\"><span id=\"input-sentence~3\">There could be a domino effect from this possible migration of miners off the Bitcoin ecosystem.<\/span><span id=\"input-sentence~4\"> The general supply of BTC in circulation rises when miners sell their prizes, thereby maybe lowering the price.<br \/>\n<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/iA03UL5S\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">BTC is now trading at $65,087. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p data-sourcepos=\"11:1-11:48\"><span id=\"input-sentence~4\">This fits the noted drop in &#8220;UTXO age,&#8221; a measure of purchasing and selling trends.<\/span><span id=\"input-sentence~5\"> A decline in <a href=\"https:\/\/www.investopedia.com\/terms\/u\/utxo.asp\" rel=\"nofollow\">UTXO<\/a> age points to more selling activity, which is not encouraging for those wanting to ride the Bitcoin tsunami.<br \/>\n<\/span><\/p>\n<h2 data-sourcepos=\"13:1-13:60\"><strong>Traditional Markets Beckon, Leaving Bitcoin On The Beach<\/strong><\/h2>\n<p data-sourcepos=\"15:1-15:367\"><span id=\"input-sentence~5\">The larger market attitude is adding gasoline to the flames.<\/span><span id=\"input-sentence~6\"><a href=\"https:\/\/www.fxstreet.com\/news\/usd-jpy-rises-further-above-15800-as-us-dollar-extends-recovery-202406180941\" rel=\"nofollow\"> Recent US dollar strength<\/a> and a widespread rush towards &#8220;safer&#8221; assets like traditional stocks have dampened riskier investments like Bitcoin.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"15:1-15:367\"><span id=\"input-sentence~6\">The <a href=\"https:\/\/bitcoinist.com\/bitcoin-whos-dumping-their-coins-and-why\/\" rel=\"nofollow\">net outflows<\/a> of nearly $600 million from US-listed Bitcoin ETFs, the worst performance since late April, mirror this risk aversion.<\/span><span id=\"input-sentence~7\"><br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/altcoin-massacre-prices-plummet-40-90-recovery-stalled-analyst\/\" target=\"_blank\" rel=\"noopener \">Altcoin Massacre? Prices Plummet 40-90%, Recovery Stalled \u2014 Analyst<\/a><\/div>\n<h3 data-sourcepos=\"19:1-19:52\"><strong>Is This A Bitcoin Bust, Or A Temporary Hiccup?<\/strong><\/h3>\n<p data-sourcepos=\"17:1-17:112\"><span id=\"input-sentence~7\">These elements taken together have been a consistent downgrading of BTC&#8217;s value. From a high vantage point of $71,000 just a few weeks ago, Bitcoin has dropped to somewhat over $65,000.<\/span><span id=\"input-sentence~8\"> If the negative feeling keeps running, some analysts caution of a possible freefall to as low as $60,000.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"21:1-21:387\">Whales are pulling off a lot of Bitcoin offloading. Is this a warning indicator that things are about to get difficult for Bitcoin, a fire sale, or a large discount to purchase Bitcoin? Investors are waiting to decide whether this is the right moment to purchase or whether they should leave before the price declines considerably more.<\/p>\n<p data-sourcepos=\"21:1-21:387\"><em>Featured image from Getty Images, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin seems to be running across an air pocket. Whales have been largely discarding their digital possessions during the previous two weeks. For many landlocked investors, this exodus\u2014which, according to CryptoQuant amounts to over $1.2 billion\u2014has cause for anxiety. Related Reading: Analyst\u2019s Bullish Call: Bitcoin Primed For Massive Jump To $127,000 Where The Whales Go, The Market May Follow Although the causes of this unexpected sell-off are still unknown, experts note a convergence of elements. According to one idea, miners&#8217; objectives change to include the brawny computers guarding the Bitcoin network and getting paid fresh coins. #Bitcoin long-term holder whales sold $1.2B in the past 2 weeks, likely through brokers. ETF netflows are negative with $460M outflows in the same period. If this ~$1.6B in sell-side liquidity isn&#8217;t bought OTC, brokers may deposit $BTC to exchanges, impacting the market. pic.twitter.com\/oYeKsRqKeF \u2014 Ki Young Ju (@ki_young_ju) June 18, 2024 Miners could be cashing out their crypto profits to invest in the future of computing as the rapidly expanding artificial intelligence (AI) industry presents a perhaps more rich goldmine. Unquestionably, artificial intelligence appeals to Lucy Hu, a senior analyst at Crypto Fund Metalpha. The basic processing capacity required for artificial intelligence development fits exactly the capacity of mining equipment. Miners seem to be purposefully spreading their income sources. There could be a domino effect from this possible migration of miners off the Bitcoin ecosystem. The general supply of BTC in circulation rises when miners sell their prizes, thereby maybe lowering the price. This fits the noted drop in &#8220;UTXO age,&#8221; a measure of purchasing and selling trends. A decline in UTXO age points to more selling activity, which is not encouraging for those wanting to ride the Bitcoin tsunami. Traditional Markets Beckon, Leaving Bitcoin On The Beach The larger market attitude is adding gasoline to the flames. Recent US dollar strength and a widespread rush towards &#8220;safer&#8221; assets like traditional stocks have dampened riskier investments like Bitcoin. The net outflows of nearly $600 million from US-listed Bitcoin ETFs, the worst performance since late April, mirror this risk aversion. Related Reading: Altcoin Massacre? Prices Plummet 40-90%, Recovery Stalled \u2014 Analyst Is This A Bitcoin Bust, Or A Temporary Hiccup? These elements taken together have been a consistent downgrading of BTC&#8217;s value. From a high vantage point of $71,000 just a few weeks ago, Bitcoin has dropped to somewhat over $65,000. If the negative feeling keeps running, some analysts caution of a possible freefall to as low as $60,000. Whales are pulling off a lot of Bitcoin offloading. Is this a warning indicator that things are about to get difficult for Bitcoin, a fire sale, or a large discount to purchase Bitcoin? Investors are waiting to decide whether this is the right moment to purchase or whether they should leave before the price declines considerably more. Featured image from Getty Images, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":625460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,6664,14781],"class_list":["post-625442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-crypto","tag-whales"],"acf":[],"yoast_head":"\n<title>Whales Dump $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?<\/title>\n<meta name=\"description\" content=\"Bitcoin seems to be running across an air pocket. Whales have been largely discarding their digital possessions during the previous two weeks. For many\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whales Dump $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin seems to be running across an air pocket. Whales have been largely discarding their digital possessions during the previous two weeks. For many\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T17:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-10T11:08:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?\",\"datePublished\":\"2024-06-19T17:00:14+00:00\",\"dateModified\":\"2024-07-10T11:08:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/\"},\"wordCount\":502,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?fit=1000%2C563\",\"keywords\":[\"bitcoin\",\"btcusd\",\"crypto\",\"whales\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/\",\"url\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/\",\"name\":\"Whales Dump $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?fit=1000%2C563\",\"datePublished\":\"2024-06-19T17:00:14+00:00\",\"dateModified\":\"2024-07-10T11:08:48+00:00\",\"description\":\"Bitcoin seems to be running across an air pocket. Whales have been largely discarding their digital possessions during the previous two weeks. For many\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?fit=1000%2C563\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?fit=1000%2C563\",\"width\":1000,\"height\":563,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/uniquehot.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Whales Dump $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?","description":"Bitcoin seems to be running across an air pocket. Whales have been largely discarding their digital possessions during the previous two weeks. For many","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/","og_locale":"en_US","og_type":"article","og_title":"Whales Dump $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?","og_description":"Bitcoin seems to be running across an air pocket. Whales have been largely discarding their digital possessions during the previous two weeks. For many","og_url":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-06-19T17:00:14+00:00","article_modified_time":"2024-07-10T11:08:48+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg","type":"image\/jpeg"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/"},"author":{"name":"Christian Encila","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?","datePublished":"2024-06-19T17:00:14+00:00","dateModified":"2024-07-10T11:08:48+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/"},"wordCount":502,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?fit=1000%2C563","keywords":["bitcoin","btcusd","crypto","whales"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/","url":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/","name":"Whales Dump $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?fit=1000%2C563","datePublished":"2024-06-19T17:00:14+00:00","dateModified":"2024-07-10T11:08:48+00:00","description":"Bitcoin seems to be running across an air pocket. Whales have been largely discarding their digital possessions during the previous two weeks. For many","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?fit=1000%2C563","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?fit=1000%2C563","width":1000,"height":563,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?","url":"http:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?fit=1000%2C563"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","crypto","whales"],"dateCreated":"2024-06-19T17:00:14Z","datePublished":"2024-06-19T17:00:14Z","dateModified":"2024-07-10T11:08:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/whales-dump-over-1-billion-in-bitcoin-fire-sale-or-foreshadowing\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_dfa4b5.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_dfa4b5.jpg?fit=1000%2C563\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"crypto\",\"whales\"],\"dateCreated\":\"2024-06-19T17:00:14Z\",\"datePublished\":\"2024-06-19T17:00:14Z\",\"dateModified\":\"2024-07-10T11:08:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_dfa4b5.jpg?fit=1000%2C563","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/625442"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=625442"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/625442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/625460"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=625442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=625442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=625442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}