Owners of the largest Bitcoin wallet addresses moved more than $6 billion in Bitcoin today, the first such move since 2019.
Blockchain data company Arkham Intelligence highlighted Actions on Twitter on Tuesday. He is said to be the fifth richest Bitcoin holder with 94,500 Bitcoins (worth more than $6.05 billion at current prices).
Arkham pointed out that the whale moved BTC to three different addresses. It is not clear who the address belongs to, but such major owners are often corporations.
In the field of cryptocurrency, whale These are individuals or entities who accumulate huge amounts of Bitcoin (at least 1,000 BTC), do not touch Bitcoin for years, and often earn astronomical profits as a result.
People who buy Bitcoin or other digital assets and don't touch it for years are the most successful investors. The price of the largest virtual coin has only increased significantly in value over the years.
In 2019, the asset reached just over $13,000, with a year-end value of $7,216.
There was a lot of whale movement last year: 1 whale During the move In April, the previously dormant Bitcoin (worth $11 million at the time) was sold off after 12 years of inactivity. Earlier this month, crypto watchers speculated about a holder they dubbed “Mr. 100” holds over $3 billion in BTC.
Investors like Infer Especially when it comes to giant whales holding billions of dollars of virtual coins, especially when the movement of such addresses moves the market.
bitcoin price After hitting an all-time high of around $74,000 earlier this month, it currently sits at just over $70,000 per coin.
