The post 999 BTC Lands in Mega New Whale Wallet as Bitcoin Hits ATH 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. On-chain data has spotted a flurry of large Bitcoin transfers within the last 24 hours. Amid this, a massive transfer of 999 BTC, valued at nearly $106,048,784, has been spotted. The peculiarity of this transaction is that the BTC stash was moved to a freshly created wallet, suggesting the emergence of a new Bitcoin whale. According to Whale Alert, “999 BTC worth $106,048,784 was transferred from unknown wallet to unknown new wallet.” This transaction is part of a recent rise in large Bitcoin transfers seen in the last 24 hours as Bitcoin sets new all-time highs. Whale Alert reports several Bitcoin transactions in the last 24 hours, the most recent as of writing time being two 1000 BTC transactions each, worth nearly $107 million, between unknown wallets and then the Kraken crypto exchange. A recent analysis by SpotOnchain appears to shed light on the flurry of BTC transactions seen within the last 24 hours as the Bitcoin rally hit all-time highs. Related According to SpotOnchain, two institutions moved a total of 23,664 BTC worth $2.51 billion after Bitcoin reached a new ATH of around $108,000. This was, however, done in tranches. SpotOnchain outlines these transfers: Mt. Gox transferred 1,620 BTC worth $172.5 million in recent hours. This includes 1,320 BTC to an internal wallet and 300 BTC…

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Filed under: News - @ December 17, 2024 7:19 pm