A Giant Whale Panic Sells 2,019 BTC After BTC Drops
A giant whale has once again panic sold 2,019 BTC ($141.5 million) following today's BTC price drop, according to monitoring data. In total, the whale has sold 5,506 BTC ($366.9 million) since 1 October and currently holds 4,980 BTC ($345.5 million).
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Paying the price for supporting the yen? Japan's foreign reserves fell by $87.8 billions in August, possibly due to selling US Treasuries for funding.
Japanese authorities may have used part of their foreign exchange reserves, including foreign securities such as U.S. Treasury bonds, over the past month to fund record-sized foreign exchange intervention operations.
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