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MicroStrategy Selling Rumors Are FUD CryptoQuant CEO

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Raul Perez

Bitcoin prices hovered around the $20K level since mid-June. Markets are watching closely to see what bitcoin whales will do next. Tesla reported dumping 75% of its bitcoin Wednesday. As a result, markets got nervous and erased Tuesday’s gains.Traders blame Tesla’s Q2 earnings report. Compounding the markets’ worries, a whale address spent the week sweeping nearly 242K BTC onto Coinbase. That’s over $5.4 billion worth of crypto at today’s exchange prices. It was the blockchain’s third wealthiest address.