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Unknown whale sells $576M in Bitcoin as BTC nears $80K, but price holds steady.

Market News
23 Aug 2026
Cointribune
View Source
Neutral
pluang ai news

An unidentified Bitcoin whale sold 7,700 BTC worth about $576.6 million between August 19 and 22, including a single transaction of 2,700 BTC valued at $212 million. This sale occurred as Bitcoin's price climbed to nearly $79,500 before settling around $77,000. Despite the large sell-off, the market absorbed the supply without a sharp price drop, supported by ongoing institutional buying and favorable macroeconomic conditions. The whale's move follows a recent period of accumulation by other large holders, highlighting mixed strategies among big investors as Bitcoin eyes the $80,000 mark.

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