BTCs have been moved to wallets of unknown origin. In a separate transaction, the whale moved 50,562 BTC, worth nearly $1.08 billion; in another transaction, 23,542 BTC were moved, worth around $505 million.
In a series of large transactions, the whale moved 4,000 BTC, 10,000 BTC, 10,000 BTC, 10,000 BTC, 9,642 BTC, 10,000 BTC, 10,000 BTC, 10,000 BTC, and 562 BTC.
Crypto whales send cryptocurrency from exchanges when they plan to hold their investments for an extended period of time.
Therefore, storing large sums of money on an exchange poses an additional risk of theft.
Talking about the performance of Bitcoin in the current market scenario, a crypto analyst at ARK Invest said“For the first time in history, bitcoin is less volatile than the S&P 500 and the Nasdaq. The last time volatility was this low, bitcoin went from $9,000 to $60,000 in less than ‘a year.”
At the time of writing, Bitcoin was trading at $21,278, nearly 3% higher in the past seven days.
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