A large-scale transaction was noticed on the Bitcoin blockchain, moving 13,180 BTC, worth above $108 million at current prices.

Transaction Moved UTXO to New Wallet

The transaction sparked predictions for the price of BTC, with some suggesting the coins were prepared for selling. For others, increased activity may also mean preparation for a rally. This is by no means an unusual transaction, though whales moving coins are rare.

A few smaller transactions of 650 to 1,000 BTC were seen moving funds to exchanges, sparking more predictions for possible selling.

After a negative third quarter, BTC prices are showing a worsened sentiment. BTC trades at 00, after a brief recovery from lows near $7,800.

In the past month, the bitcoin network…

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Source: https://thebitcoinnews.com/whale-moves-13180-btc-bitcoin-price-dump-incoming/