More Than 230,000 Bitcoin Move On-Chain in Biggest Transaction of the Year

More than 230,000 Bitcoin moved on-chain in the biggest transaction of the year so far, with the transfer valued at more than $21 billion.

A CryptoQuant analyst said on October 23 that the transaction involved more than 230,000 Bitcoin, with a total value exceeding $21 billion.

The analyst said the transfer was more likely an asset movement between wallet addresses than a deposit into a cryptocurrency exchange.

The specific party behind the transfer and its purpose have not been identified. It also remains unclear whether the Bitcoin flowed into an exchange, and that assessment is based on the analyst's estimate for now.