Bitcoin Plunge Fears As Massive Transfer to US Exchange Triggers Market Panic

A major Bitcoin transfer to a U.S.-based exchange has sent market sentiment into disarray and fueled fears of a significant sell-off, with some analysts predicting a drop towards the $60,000 mark. Blockchain data reveals a massive transfer of 1,928 BTC valued at roughly $159.8 million from an unknown wallet to Kraken, a move that has heightened concerns about a market correction. The lack of clarity on the sender’s identity adds to the uncertainty surrounding this significant event.