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Home Markets Cryptos

Unknown whale transfers $160 million worth of Bitcoin

Olumide Adesina by Olumide Adesina
February 12, 2021
in Cryptos
Crypto millionaire carts away with $224 million worth of Bitcoin, Whales transfer Bitcoins at an alarming rate, BTC whale moves 10,250 BTC valued at $95,000,000
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A growing number of wealthy investors in recent times have been increasing their transactional volume in Bitcoin’s market, triggering the flagship crypto to trade above the $47,500 price level.

Data obtained from Bitcoin Block Bot, a crypto analytic tracker, revealed that an unknown BTC whale has just transferred 3,334 BTC ($160M) in block 670,275.

READ: Why Bitcoin could triple in value annually

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Whale alert! 🐋 Someone moved 3,334 BTC ($160M) in block 670,275 https://t.co/oyT2eOc9bc

— Bitcoin Block Bot (@BtcBlockBot) February 12, 2021

READ: Twitter considers paying its staff in Bitcoin

Prevailing market conditions at the flagship crypto market reveal large crypto investors and traders are moving large stacks of Bitcoins which are typically known as Bitcoin whales.

Global investors and crypto-traders are now holding on to the world’s most prized crypto though it’s often difficult in anticipating market movements in the ever-changing crypto market. Bitcoin whales have shown historically that they often determine the BTC trend.

READ: How Senators reacted to CBN’s crypto ban

At the time of drafting this report, Bitcoin traded at $47,660.46 with a daily trading volume of $83.6 Billion. Bitcoin is up 2.29% for the day.


Follow us for Breaking News and Market Intelligence.
Tags: BitcoinWhale
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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Comments 2

  1. Comfort says:
    February 12, 2021 at 5:29 pm

    Hi Olumide, have following your comments for a while, can we chat privately. Please. Thanks

    Reply
  2. Admission says:
    February 13, 2021 at 6:58 am

    This is very good

    Reply

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