 ▲ Bitcoin whale |
Pessimism is spreading that Bitcoin could plunge to the $40,000 level following reports that a heavyweight investor known to be close to Donald Trump has dumped a large volume of holdings.
According to cryptocurrency media outlet CoinGape on February 15 (local time), a major investor recently sold 5,000 BTC, exerting strong downward pressure on the Bitcoin (BTC) market. The investor is believed to be a whale address associated with a figure close to President Trump, amplifying the market shock.
Cryptocurrency analysts warn that this wave of large-scale selling may not end as a short-term correction but could lead to a severe downturn. One market expert projected that if Bitcoin fails to secure key support levels, it could plunge to as low as $49,000. This would represent a significant additional decline from current prices, heightening psychological anxiety among retail investors.
On-chain data analysis shows that the whale moved long-held holdings to exchanges and began taking profits. As outflows continue from the Bitcoin spot ETF market and large holders step back, overall market liquidity is rapidly shrinking. In particular, asset movements by individuals with political influence are being interpreted as a negative signal for the market’s future direction.
Bitcoin reclaimed the $70,000 level over the weekend. However, if selling by whales does not subside, further sharp declines may be difficult to avoid. With extreme volatility expected in the near term, a cautious approach while monitoring market stability is advised.
Disclaimer: This article is for investment reference only and the publisher is not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.