Major Crypto Movements: Bitcoin Whale Sells, Shiba Inu Enters Telecom Market
Major Crypto Movements: Bitcoin Whale Sells, Shiba Inu Enters Telecom Market
The crypto market sees significant developments as an early Bitcoin whale offloads over $600 million in BTC after 13 years, contributing to persistent selling pressure, though downside momentum appears to be fading. Meanwhile, Shiba Inu has made a strategic entry into the $2 trillion telecommunications sector through a new partnership with Unity Nodes, signaling a pivot towards real-world functionality and potentially reshaping its future trajectory.
Bitcoin Faces Resistance as Whale Sells $600M
Bitcoin continues to face strong resistance, struggling to reclaim higher supply levels with its price action stalling below the $105,000 mark. The market is characterized by a mix of cautious optimism and lingering fear as selling pressure persists, even though downside momentum shows signs of fading. Notably, on-chain data from Arkham Intelligence reveals that a significant early Bitcoin whale has offloaded more than $600 million in BTC after holding for 13 years.
Shiba Inu Expands into $2 Trillion Telecom Market
Shiba Inu (SHIB) has made a bold move by entering the $2 trillion telecommunications market through a new partnership with Unity Nodes. This strategic alliance is expected to reshape SHIB's future trajectory, indicating a substantial shift for the SHIB ecosystem from purely speculative trading and investments towards offering real-world functionality within the telecommunications sector.