Massive Bitcoin Whale Transfers: Single Transaction Amounts to Over $291 Million
Publication Time:2024-08-02 10:06:07
The recent movements in the cryptocurrency market have been marked by active actions from large Bitcoin holders. Data from Spotonchain reveals that an address known as 'bc1qh' successfully withdrew 4,600 Bitcoin from the Bitfinex platform over the past 8 hours, valued at roughly $291 million. The average Bitcoin price during this transaction was $63,209 per coin, demonstrating the whale's precise understanding of Bitcoin pricing. It's worth noting that this isn't the first significant move by this whale. It's been recorded that since June 12th, another address, likely belonging to the same entity, has been continuously withdrawing a total of 3,910 Bitcoin from the Bitfinex platform, amounting to about $257 million, with the latest withdrawal happening three days ago. These figures highlight the activity and influence of large Bitcoin holders in the market, capturing the interest of both investors and analysts.
Bitcoin
Cryptocurrency
Large Transfers
whale transactions
Bitfinex Platform