Shocking Bitcoin Whale Emerges: 1,300 BTC Transfer Will Leave You Speechless! 🐋💰

by

So, hold onto your hats, because it seems a colossal new Bitcoin whale has just made a splash! 🐋💦 Yes, you heard it right—1,300 BTC (that’s a jaw-dropping $133,718,542, in case you were wondering) has been transferred from one mysterious wallet to another equally mysterious wallet. Because, you know, who doesn’t love a little intrigue in their crypto life? 🤔

🚨 🚨 🚨 🚨 🚨 🚨 1,300 #BTC (133,718,542 USD) transferred from unknown wallet to unknown new wallet

— Whale Alert (@whale_alert) January 28, 2025

And if you thought that was the end of the drama, think again! In the last 24 hours, Lookonchain reported that a brand-spanking-new wallet decided to withdraw 400 BTC worth a cool $41.2 million from Binance. Withdrawals from exchanges are like a neon sign saying, “Buy me!” while deposits are more like, “I’m outta here!” Talk about mixed signals! 😅

Meanwhile, Bitcoin (BTC) decided to throw a little party of its own, soaring to intraday highs of $103,368 on Tuesday. This surge was apparently inspired by some breakthroughs from China’s DeepSeek, which sent U.S. indexes tumbling down like a bad rollercoaster ride on Monday. 🎢

As of now, BTC is up 4.10% in the past 24 hours, sitting pretty at $102,881. This is a welcome relief after Monday’s drama, which saw over $1 billion in futures liquidations. Ouch! 😬

Now, let’s talk about the new kids on the Bitcoin block. Glassnode reports that the proportion of wealth held by new Bitcoin investors is on the rise, but at a mere 50.2%. This is a far cry from the dizzying heights of 85% and 74% during the ATH cycles of 2018 and 2021. So, it seems the newbies are still figuring out how to ride this wild crypto wave! 🌊

Bitcoin: The Celebrity of Cryptos

Bitcoin, the reigning queen of cryptocurrencies, continues to attract attention like a celebrity at a red carpet event. 🌟 According to a recent weekly report by CoinShares, digital asset investment products saw inflows of $1.9 billion last week, with Bitcoin hogging the limelight and accounting for the lion’s share of this figure.

In fact, Bitcoin raked in $1.6 billion in inflows, bringing the year-to-date total to a staggering $4.4 billion. That’s 92% of all inflows in the digital asset sector! Talk about a popularity contest! 🏆

But wait, there’s a twist! Recent outflows from Bitcoin and Ethereum ETFs have put a bit of a damper on the party. CoinShares’ head of research, James Butterfill, tweeted that yesterday’s market tumble, courtesy of DeepSeek, sent investors into a panic, resulting in $442 million and $99 million in outflows from Bitcoin and Ethereum, respectively. Yikes! 😱

Read More

2025-01-28 19:15