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What happened: $260,891,533 of Bitcoin BTC/USD was just moved between 2 anonymous cryptocurrency wallets in a single transaction.
The bitcoin wallet address of this mysterious person has been identified as: #
$260 million worth of Bitcoin was sent to an unknown recipient, with Bitcoin wallet address: 1HLsDiYE8P61Z3mwqVuq1xtuoZkJZ8rX7P
Why it matters: Cryptocurrency whales that own millions of dollars in Bitcoin tend to move the markets on their own. If the whale decides to exit this Bitcoin position, there could be enough market impact to push the price of BTC down. It takes around $15-30 million of selling pressure to drive the price of Bitcoin down 2% on any given exchange.
Since this transaction was not sent to an exchange, it is unlikely that this Bitcoin whale is looking for cash. Instead, they can transfer it to another wallet for security reasons.
You can see more details of the transaction here
According to Glassnode, there are 219,990 Bitcoin wallets with over $100,000 in BTC.
See also: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers
Price Action: Bitcoin is up 2% in the past 24 hours.
See also: How to buy Bitcoin
Public Blockchain Data from Whale Alerts Twitter.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMidGh0dHBzOi8vd3d3LmJlbnppbmdhLmNvbS9tYXJrZXRzL2NyeXB0b2N1cnJlbmN5LzIzLzAxLzMwMzM2OTI5LzE1LTQ3Ny1iaXRjb2luLXdhcy1qdXN0LXRyYW5zZmVycmVkLWJldHdlZW4tMi13YWxsZXRz0gEtaHR0cHM6Ly93d3cuYmVuemluZ2EuY29tL2FtcC9jb250ZW50LzMwMzM2OTI5?oc=5 The mention sources can contact us to remove/changing this article |
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