13,370 BTC Bought by This New Bitcoin Whale in One Biggest Monthly Transfer: Details – Crypto News – Crypto News
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13,370 BTC Bought by This New Bitcoin Whale in One Biggest Monthly Transfer: Details 13,370 BTC Bought by This New Bitcoin Whale in One Biggest Monthly Transfer: Details

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13,370 BTC Bought by This New Bitcoin Whale in One Biggest Monthly Transfer: Details – Crypto News

Published

2 years ago

on

Yuri Molchan

Recent report shows that brand new whale has emerged, holding more than $313 million in Bitcoin

Contents

Prominent on-chain data aggregating platform Santiment spreads the word about a new btc whale appearing in the crypto market. They have accumulated an astonishing amount of the flagship cryptocurrency in merely one transaction.

Biggest BTC transfer in 4 weeks

As per a recent tweet by Santiment, more than eight hours ago, their analytics team spotted the largest BTC transaction that took place in the past 30 days. The address that received roughly 13,370 BTC is brand new, per their tweet, and the tokens were moved in a single transfer.

This amount of Bitcoin is the equivalent of a whopping $313.1 million. This was either a purchase or a whale moved part of their BTC riches to a new wallet.

After the transfer was made, the BTC price showed a drop of around 0.37%.

As reported by U.Today, by the start of January, whales who hold between 0.1 BTC and 100 BTC had accumulated a large amount of Bitcoin, adding around 9% of their holdings,

Santiment called that one of the most aggressive buying cycles in the history of crypto.

bitcoin price action

The Bitcoin price dropped as the jobs report for January was released. It exceeded the expectations of economists, proving more than twice as strong as expected. Thus, in January, 517,000 new jobs were added versus 188,000 predicted by economists with the unemployment rate sitting now at 3.4% (a 50-year low) rather than 3.6%.

As the jobs market remains overheated, the flagship crypto responded by dropping back below the $24,000 level it had regained earlier this week.

Bitcoin is now trading at $23,330, according to data shared by CoinMarketCap, after falling from $23,617. It lost the $24,200 price mark on Thursday, Feb. 2.

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