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10,000 BTC Transferred to New Anonymous Wallet as Bitcoin Recovers 4.13%

Sat, 06/17/2023 - 10:09
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Yuri Molchan
New large Bitcoin whale emerges as BTC price goes up after recent falls
10,000 BTC Transferred to New Anonymous Wallet as Bitcoin Recovers 4.13%
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Major cryptocurrency tracker Whale Alert has reported that approximately 18 hours ago, a massive Bitcoin lump of 10,000 BTC was shoveled into a brand new wallet with no registered owner.

Meanwhile, within the last 24 hours, the flagship digital currency in the market Bitcoin has managed to recover more than 4% of its recent losses and is now back above $26,500.

New BTC whale emerges, holding $261 million in crypto

According to Whale Alert, slightly less than 18 hours ago, a total of 10,000 BTC worth $261,322,181 was transferred from one anonymous wallet to another. The tracker stressed that the receiving wallet was new, i.e., set up just recently.

This could indicate either a purchase or a whale setting aside some of his BTC stash to redistribute the crypto holdings.

A slightly smaller amount of BTC on the move was spotted a few hours later by the same tracker as 3,912 BTC (the equivalent of $101,005,888) was transacted from one anonymous address to another.

Brad Garlinghouse Reveals Astonishing Facts About SEC And Hinman After Docs Release

Bitcoin price rebounds after large decline

At the end of last week, the crypto market was shaken by the news of the SEC filing lawsuits against two crypto giants, Coinbase and Binance, accusing them of breaking U.S. securities laws.

Bitcoin reacted immediately, going down 4.45%, hitting $25,502. Later on during the week, on June 14, BTC plunged another 4% after the CPI report (though it came out with better figures than analysts had expected). Now, the leading crypto has risen by 4.13% overnight in light of the news that the largest global wealth manager BlackRock submitted a filing to launch a Bitcoin ETF with Coinbase acting as a custodian.

The whole cryptocurrency market began reviving as well, following suit of Bitcoin.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at