A major cryptocurrency owner has made a record sale of bitcoin for $ 323 million

One of the largest holders of bitcoin, known as cryptokit, made a large-scale sale of the cryptocurrency, causing a significant decline in its value. A total of $ 323 million worth of bitcoins were sold, which had a significant impact on the market.

This crypto whale, whose address is tracked by many analysts, sold 11,000 BTC in a single transaction, which caused a significant decline in the value of the asset. Such actions by major players in the market always have a significant impact on the price of cryptocurrencies, as large sales put pressure on the market and make other investors panic.

After the sale, bitcoin lost some of its value, dropping to a new low in recent months. This decline reflects the overall volatility of the cryptocurrency market, which often depends on the actions of large investors.

Analysts suggest that the reason for such a large-scale sale could be both the owner’s financial needs and strategic actions to influence the market. However, the exact reasons for this step have not yet been disclosed.

As a reminder, the flagship of the cryptocurrency market dropped to $ 57,874 on Coinbase. This was the first time in more than two months. Most of the blame for the BTC price drop lies with the bankrupt cryptocurrency exchange Mt. Gox, which is set to start paying creditors this month. About 20,000 people will be compensated, and the total amount of payments will be about 140,000 bitcoins (about $ 8.5 billion at the current exchange rate).