As a seasoned crypto investor with a decade of experience under my belt, I’ve learned to read between the lines when it comes to large Bitcoin transfers and new whales emerging. The recent 999 BTC transfer, worth over $106 million, is certainly noteworthy. While it could be a whale amassing more Bitcoin in anticipation of further price increases, it could also be a large-scale transfer within the crypto ecosystem.
Over the past day, there’s been a surge of significant Bitcoin transfers on the blockchain. One particularly notable transfer involved 999 Bitcoins, equivalent to around $106,048,784, that were moved to a newly created wallet. This transaction stands out because it appears the large amount of Bitcoin was transferred to a new wallet, indicating the arrival of a potential new Bitcoin billionaire.
Approximately 999 Bitcoins, equivalent to about $106,048,784, were moved from an unidentified wallet to another unidentified wallet, as reported by Whale Alert. This transaction is one of the large Bitcoin transfers that have been observed in the past 24 hours, coinciding with Bitcoin reaching new record highs.
🚨 🚨 🚨 🚨 🚨 999 #BTC (106,048,784 USD) transferred from unknown wallet to unknown new wallet
— Whale Alert (@whale_alert) December 16, 2024
In the past 24 hours, Whale Alert has reported two Bitcoin transactions, each for 1000 BTC, which amounts to approximately $107 million. These transactions were made between unidentified wallets and subsequently with the Kraken digital asset exchange.
According to a recent study by SpotOnchain, it seems that the surge of Bitcoin transactions over the past day can be attributed to the record-breaking Bitcoin rally reaching unprecedented peaks.
As reported by SpotOnchain, two entities transferred a combined 23,664 Bitcoins with an approximate value of $2.51 billion, following Bitcoin’s record high at approximately $108,000. These transfers were made in smaller portions or tranches.
In the last few hours, transfers totaling 1,620 Bitcoin, equivalent to around $172.5 million, were traced by SpotOnchain from Mt. Gox. This amount was divided, with 1,320 BTC going to an internal wallet and 300 BTC being sent to B2C2 Group. Over the past month, Mt. Gox has transferred approximately 7,500 BTC, or around $650 million, to B2C2. This is believed to be for creditor settlements. At present, Mt. Gox possesses a total of 37,404 Bitcoin, valued at roughly $4.02 billion.
In the past few hours, Bitcoin mining firm Marathon Digital transferred approximately 22,044 Bitcoins, valued at around $2.34 billion, into 40 newly created, unidentified digital wallets. This large sum of Bitcoin remains stored in these new wallets. As per SpotOnchain, Marathon’s current Bitcoin holdings stand at 14,364 BTC, worth approximately $1.54 billion.
Bitcoin hits new ATH
The price of Bitcoin reached a new record peak, with investors expecting the Federal Reserve to lower interest rates later in the week.
As per CoinMarketCap’s latest data, the top cryptocurrency in terms of market cap currently stands at approximately $106,564, marking a 2.59% rise from its previous value. Interestingly, during Monday’s trading session, it scaled a new peak at around $107,857.
This week, it’s anticipated that the Federal Reserve will lower interest rates following their two-day gathering, concluding on Wednesday.
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2024-12-17 17:45