Summary
- A Bitcoin whale that had been inactive for 12 years recently transferred 61 BTC (about $6.08 million) to an external address.
- It is stated that a large transfer from an old Bitcoin wallet usually triggers a price drop, an increase in trading volume, and amplifies short-term volatility.
- The current BTC price is reported to be $107,770.89 on the Binance USDT market, down 2.08% compared to the previous day.
A Bitcoin (BTC) whale investor, who had not made any transactions for 12 years, recently transferred 61 BTC (worth $6.08 million) to an external address.
According to data from the on-chain data platform Arkham Intelligence on the 23rd (local time), the whale investor held a total of 300 BTC (worth $30.2 million). This address, which had remained inactive for 12 years, transferred 61 BTC to an external address around 5 a.m. that day.
When a large amount of Bitcoin is moved from such an old wallet, it often leads to a period of increased short-term volatility, especially as the price drops and trading volume surges.
Meanwhile, at 09:05 a.m., BTC is trading at $107,770.89 on the Binance Tether (USDT) market, down 2.08% compared to the previous day.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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