"Bitcoin Whales Withdraw 21400 BTC, Impact of Halving 2024, and Volatility Concerns"
Bitcoin whales have withdrawn over 21,400 BTC from exchanges in a week, cashing out profits as the price surged past $73,000. This massive withdrawal, including a single-day record of $752 million worth of Bitcoin, has led to a supply shock and contributed to a 7% price crash. Long liquidations totaling $145.34 million and the emergence of 13 new whales with holdings of over 1,000 BTC have also impacted the market, with the Bitcoin price falling to $64,909.21 and experiencing a 13% plunge from its all-time high.