666 Bitcoin Transfer: Is the Crypto Market’s Mysterious Whale About to Sell?

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Oh, the drama of the crypto market! It’s like a never-ending episode of “As the Bitcoin Turns.” Just when you thought things couldn’t get any wilder, someone goes and transfers 666 BTC to major crypto exchange ByBit. 😱🐳

Thanks to our trusty friends at Whale Alert, we now know that a mysterious whale with the address “bc1qywt” sent a colossal amount of Bitcoin (BTC), equivalent to about $54.29 billion, to the world’s second largest offshore crypto exchange. 💸

Now, I know what you’re thinking: “That’s not a lot, is it?” Well, my dear reader, when you’re dealing with daily trading volumes of Bitcoin at $60 billion, it’s just a spot market number. But the significance of the number 666 adds a bit of dark mystery to this transfer – especially in light of all the turmoil we have seen with Bitcoin and cryptocurrencies in general over the past few hours, days, and, let’s admit it, weeks. 😈

Usually, large deposits on centralized exchanges are perceived as the sender’s intention to cash out using the most liquid of the available platforms. So, in the eyes of the ordinary crypto enthusiast, this is a bearish sign. Is it worth saying that the price of BTC actually fell after the transfer was made? It is really like that, as Bitcoin has fallen back below $80,000. 📉

Maybe it’s just a coincidence, maybe someone saw the post and decided to sell out of fear of the number 666, or the belief that this whale is about to sell. 🤔🐳

Trying to find something positive in this news, it could be that the sender address still holds 59,699 BTC, worth about $4.73 million, so it was only half of their holdings that were sent to ByBit. 🤑

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2025-03-11 19:45