As an analyst with over two decades of experience in the financial markets and a keen interest in cryptocurrencies, I find myself intrigued by the recent events unfolding in the Bitcoin world. The massive, anonymous transfer of 4,000 BTC for $255 million is certainly a head-turner that has sent ripples across the community.
The well-known blockchain platform Whale Alert, known for monitoring significant cryptocurrency transactions, has recently detected a substantial Bitcoin transfer that took place in the last 24 hours.
It coincided with the world’s flagship cryptocurrency plunging in a 2.6% price decline.
$255 million in Bitcoin shoveled anonymously
It’s stated that a data source previously mentioned reported a transfer of approximately 4,000 Bitcoins, which was equivalent to around $255 million at the point of the transaction, between two unidentified blockchain accounts.
Earlier, the same digital detective uncovered that a user moved approximately 2,685 Bitcoin valued at around $170 million from the Bitfinex trading platform to Kraken.
Under the initial tweet, the Bitcoin enthusiasts expressed a flurry of enthusiastic responses, discussing BTC and speculating on the potential characteristics of this particular transaction.
Bitcoin ETF witness large $235 million inflows
According to a report from U.Today, on Monday, October 8th, there were significant investments into Bitcoin ETFs, amounting to approximately $235 million as the week began.
In a significant development, Fidelity’s FBTC fund took the front seat with an impressive inflow of $103.7 million. BlackRock’s IBIT wasn’t far behind, attracting $97.9 million. Meanwhile, Ark Invest and Bitwise ETFs also experienced substantial investments, with inflows of $12.6 million and $13 million respectively.
Currently, Exchange Traded Funds (ETFs) focusing on these specific spots are holding approximately 925,266 Bitcoins, which together are worth around $59.2 billion. Among all the holders, BlackRock holds the largest share of this Bitcoin pie, accounting for nearly 5% of the total circulating Bitcoin supply. As reported by IntoTheBlock’s on-chain data aggregator, this represents almost half of the Bitcoin market.
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2024-10-08 14:59