Bitcoin whales suddenly move over $123 M BTC
A cryptocurrency tracking platform says that a Bitcoin (BTC) whale is moving over $123 million in crypto in a single transaction.
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According to Whale Alert, an unknown wallet sent 5,444 BTC worth over $105 million to a second unknown wallet, as well as 969.77 BTC worth over $18.7 million to an unknown wallet. Tuesday, on Tuesday.
The transaction reportedly cost only 0.0000621 BTC, worth $1.19 at the time it was processed.
FTX also deposited 1,108 BTC worth over $22 million into an unknown wallet later that day.
Additionally, another exchange, Coinbase, sent 1,096 Bitcoins worth over $22 million to an unknown wallet on the same day.
Cryptocurrency analytics firm Santiment noted last week that Bitcoin’s exchange supply has hit a four-year low of 8.48%.
"As exchange incentives decrease, the chances of future liquidation decrease."
Santiment also noted last week that small and medium Bitcoin addresses (containing 0.1 to 10 BTC) hold 15.9% of the coin's available supply, an all-time high.
BTC is trading at $20,767 at press time. The top-ranked crypto asset by market capitalization is up more than 3% in the last 24 hours and over 9% in the last week.
Oct 27, 2022