Something is happening in Crypto - and it looks worrisome

Something is happening in Crypto - and it looks worrisome

Very early this morning a financial "whale" took out about five hundred million in SHORTS against Bitcoin.  Social media accounts are saying the last time this particular "whale" did this, the crypto markets dropped 50%-80%.

Here is the trade info:

Then, minutes ago, the U.S. government shifted 667.6 BTC - roughly $74.7 million - from a seized assets wallet to a fresh address.

No panic yet, but traders are tracking it like hawks.

Moves like this have preceded major sell-offs before, though analysts say this one looks like routine housekeeping - tightening custody and spreading risk.

Still, when Washington moves Bitcoin, crypto holds its breath.

 

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