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December 5, 2022
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Guide & Analysis

Bitcoin Whales (BTC) Move US$1.78 Billion Transactions in 1 Hour

Bitcoin whales (BTC) move $1.78 billion of transactions in 1 hour. As a result, the price of Bitcoin forwards to approach a new historical record (ATH).

Notably, the whales primarily carried out a series of four massive transactions totaling over 41,671 BTC worth $1.78 billion. In series, transactions were 10,400.90 BTC, 10,415.93 BTC, 10,424.42 BTC and 10,430.15 BTC respectively.

Anonymously, all transactions were eventually sent from one unknown wallet to another during that time. However, this shows that Bitcoin is gradually recovering from its May bearish and bearish feel to a more optimistic level.

The crypto-market whales also never sleep, watching Bitcoin price movements as they continue trading to continue to boost their portfolio of BTC holdings.

According to Santiment, investors who currently own BTCs ranging from 100 to 10,000 have increased rapidly since June this year.

Bitcoin addresses that have 100 to 10,000 BTC currently own 49.11% of the total Bitcoin supply, and are still very close to [máximo histórico] of 49.18% obtained last week. This key group of whales is one of our strongest indicators to look at.

To date, Bitcoin is priced at $43,627.06, with a 24-hour trading volume of $42,747,560,543, according to Coingecko.

Source: CoinQuora

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