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Spanish research institute to sell $10M Bitcoin stash bought for $10K in 2012

Researchers bought 97 BTC in 2012 for a blockchain study. Thirteen years later, they’re selling the stash to fund quantum research projects.

🔗 Source

💡 DMK Insight

The sale of 97 BTC from a 2012 purchase is a reminder of how long-term holders can impact the market. With Bitcoin currently at $101,969, this sale could create short-term volatility, especially if the transaction is executed in a way that affects market liquidity. Traders should keep an eye on the order book and watch for any unusual spikes in selling pressure. If this sale leads to a significant price drop, it could trigger stop-loss orders, further exacerbating the decline. On the flip side, if the market absorbs this sale without much disruption, it could signal strong underlying demand. Watch for BTC to hold above key support levels to gauge market sentiment post-sale. The broader context of institutional interest and macroeconomic factors will also play a role in how this transaction is perceived in the coming days.

📮 Takeaway

Monitor BTC’s price action closely; a drop below $100,000 could trigger further selling, while stability above that level may indicate strong demand.

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