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Sudden $8.6 Billion Bitcoin Move May Be Largest Crypto Heist — Incoming Market Crash?

  • 80,000 Bitcoin worth over $8.6 billion have been moved into new wallets, sparking speculation of a possible crypto heist in the market.
  • Recent transactions involving dormant Bitcoin holdings from 2011 have raised concerns among traders and investors about a potential market sell-off.
  • A small Bitcoin Cash transaction prior to the massive Bitcoin movements has led some, including Coinbase's Conor Grogan, to speculate that this could be the largest crypto heist in history.
  • Despite speculations, some analysts believe the transactions could be legitimate handshake transactions rather than hacks, with Bitcoin currently trading at $108,150 following a slight decline.

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