Summary
- Arkham said a large Bitcoin (BTC) whale recently transferred $360 million worth of Bitcoin to Hyper Unit.
- The whale sold $5 billion of Bitcoin two months ago and used all of it to accumulate Ethereum (ETH).
- Arkham said attention should be paid to the potential impact that large whale movements and allocation of investment assets could have on the market.
A large Bitcoin (BTC) whale resumed activity.
On the 8th (Korean time), Arkham said on X (formerly Twitter), "The whale holding $10 billion worth of Bitcoin transferred $360 million worth of Bitcoin to Hyper Unit."
This whale had, two months earlier, sold $5 billion worth of Bitcoin and used all the sale proceeds to accumulate Ethereum (ETH).
Uk Jin
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