9,458 Bitcoin Shifted to 40 Wallets, Fueling Whale Accumulation View
Doohyun Hwang
Summary
- Lookonchain said 40 new wallets withdrew more than 9,400 Bitcoin from Wintermute, adding that a whale appears to be accumulating Bitcoin.
- According to Arkham data, 9,458 Bitcoin was transferred from Wintermute to 40 wallets created since Oct. 1, with the holdings valued at about $771.5 million.
- Still, the number of new wallets does not necessarily indicate the number of investors, and the transfers may also have reflected a simple change in custody or transaction settlement, making it hard to confirm them as actual new purchases.
Forecast Trend Report by Period
Forty newly created wallets have withdrawn more than 9,400 Bitcoin from Wintermute this month, on-chain data shows.
Lookonchain said on Oct. 22 that the activity suggests a whale may be accumulating Bitcoin.
Arkham data shows that a total of 9,458 Bitcoin was moved from Wintermute to 40 wallets created since Oct. 1. The holdings were worth about $771.5 million at the time of the tally.
Still, the number of new wallets does not necessarily correspond to the number of investors. The transfers may also reflect a simple change in custody or transaction settlement, making it difficult to conclude they were fresh purchases.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀