$800 Million Worth of Bitcoin Mysteriously Moved as BTC Soars, Here’s What’s Happening
The post $800 Million Worth of Bitcoin Mysteriously Moved as BTC Soars, Here’s What’s Happening appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Prominent cryptocurrency tracker Whale Alert, which tracks down large crypto transactions and shares the details on its website and X account, has revealed half a dozen large transactions, which carried a cumulative $800 million worth of Bitcoin. Among those transfers were several ones that took a large amount of BTC to new wallets, while Bitcoin demonstrated a 2.43% increase. Enormous Bitcoin chunk on move Whale Alert reported that 7,667 Bitcoins, valued at close to $800 million in fiat, have been shoveled between anonymous blockchain addresses. That amount of crypto was transferred in six large BTC transactions, each carrying between 1,000 and 2,000 BTC. Three Bitcoin chunks — 1,000 BTC; 1,029 BTC and 1,531 BTC — were moved to three new wallets. This means that either three new crypto whales acquired BTC via OTC purchases or existing whales reshuffled their holdings by moving part of their Bitcoin to new addresses. These massive BTC transfers were spotted as the world’s largest cryptocurrency Bitcoin staged a more than 2% increase today, regaining the $105,700 level after a fall. Related Bitcoin market performance On Thursday, the world’s bellwether cryptocurrency printed a surge of 5.21%, topping the $106,800 level briefly on the news that U.S. President Donald Trump signed an executive order to ensure the creation of a strategic Bitcoin plan for…
Filed under: News - @ January 24, 2025 2:22 pm