Bitcoin Transfers Exceed $100 Million, Spark Concern About Whales’ Selling Pressure

A significant event in the cryptocurrency market has raised eyebrows about potential sell-offs from high-profile investors known as whales. On May 14th, blockchain tracking platform Whale Alert reported two large Bitcoin transfers to Coinbase, a prominent U.S.-based crypto exchange, totaling over $102 million. The transactions involved a slight difference in the transfer amounts and were conducted by two unknown entities.