$1.67 Billion in Bitcoin Moved Between Anon Wallets as BTC Drops to $60,000
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Whale Alert crypto service, that tracks large transfers of cryptocurrencies, has detected two massive Bitcoin transactions between anonymous whales, carrying a total of almost $2 billion in crypto.
Whale shift $1.67 billion in Bitcoin
The two abovementioned transfers carried 15,100 and 12,006 BTC. That is equal to $929,007,000 and $742,459,249.
? ? ? ? ? ? ? ? ? ? 15,100 #BTC (929,007,000 USD) transferred from unknown wallet to unknown wallethttps://t.co/753fD0o90h
— Whale Alert (@whale_alert) October 22, 2021
According to Whale Alert, these transfers were conducted between crypto addresses with unregistered owners – anonymous crypto whales.
? ? ? ? ? ? ? ? ? ? 12,006 #BTC (742,459,249 USD) transferred from unknown wallet to unknown wallethttps://t.co/rcY5c0Rz4k
— Whale Alert (@whale_alert) October 22, 2021MicroStrategy’s Premium Surges to 2021 LevelsDogecoin (DOGE) Begins $1 Wave Surge, Bitcoin's (BTC) Trouble at $100,000: Details, Solana (SOL) to Get Tested in 3 DaysCrypto Market Hit by $500 Million Liquidation Tsunami as XRP Plunges 10%10 Reasons Why Stellar (XLM) Is Most Underrated Crypto by XRP and Ripple Co-Creator
In the meantime, over the past few days, after the flagship cryptocurrency has reached a new all-time high $66,930, it staged a retracement, dropping first to the $63,000 zone and then to the $60,000 level.
Bitcoin has recovered above $61,000 after that but now it has started declining again. This correction, according to CryptoQuant, is due to short-term holders selling their BTC holdings.
Bitcoin active addresses and circulation not slowing down
According to data shared by Santiment, despite the correction back to first $61,000 and then to $60,000, the main two metrics for Bitcoin – active addresses and circulation – remain strong for the leading crypto.
Alex DovbnyaChina bans Bitcoin ETF data search
According to Chinese crypto journalist and blogger Colin Wu, the largest stock trading platforms in China, Futu Niuniu and Tiger Securities, have stopped producing search results for market data on Bitcoin ETFs.
Data from the source cites by Wu, Chainnews, says that on Tuesday, October 19, the first day when the ProShares Bitcoin futures ETF under the BITO ticker was launched, this was the top hottest stock on Tiger Securities.
On Friday, another Bitcoin ETF, launched by Valkyrie, started trading on the Nasdaq.
According to Chainnews, China's largest stock trading platform, Futu Niuniu and Tiger Securities, are no longer possible to search for Bitcoin ETF market data. On the first day of BITO's listing, it was once the number one hot stock in the Tiger Securities app.
— Wu Blockchain (@WuBlockchain) October 23, 2021
Related articles
Alex Dovbnya
Dan Burgin
Vladislav Sopov