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NEWS

Massive Bitcoin Whale Abruptly Moves $106,000,000 in BTC – Here’s Where the Crypto Is Heading


Crypto insiders are keeping an eye on a massive Bitcoin transaction involving a high-stakes, anonymous whale.

The big crypto holder just emptied a Bitcoin wallet, transferring 9,000 Bitcoin (BTC) worth $106 million for a fee of just $1.16.

Source: Blockchain

The transfer was initially spotted by the automated blockchain tracker known as the Bitcoin Block Bot.

According to the most recent block explorer data, the whale moved the coins to three different addresses.

An unknown wallet that received 5,000 BTC sent the coins to two other wallets, one of which is an active Bitcoin address with 4,774 transactions to date. Another wallet received 4,000.458 BTC and subsequently transferred the crypto assets to three different addresses where most of the funds remain unspent. The wallet that got the rest of the funds also moved the coins to a different address.

BitInfoCharts shows that the 9,000 BTC stack first entered the whale’s original wallet on June 29th. The wallet neither sent nor received a substantial amount of Bitcoin until today, when the owner suddenly began moving the coins.

The crypto whale in question could be an exchange, crypto custodian, or institution managing digital assets on behalf of its clients. It could also be an early investor who is trading Bitcoin over-the-counter (OTC) or shifting BTC across multiple addresses to keep it secure.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/kkssr





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