Nearly $1 Bln in Bitcoin (BTC) Sent Between Anonymous Wallets: Whale Alert

News
Sun, 02/02/2020 - 11:25
Yuri Molchan
Whale Alert detects two gargantuan Bitcoin transfers between crypto wallets with unregistered owners, totalling almost 1 billion USD
Cover image via 123rf.com

On Saturday, the Whale Alert Twitter account drew public attention to two transactions which together make up 99,704 BTC – that’s almost one billion USD.

Image via Twitter

As per the tweets, they were performed between Bitcoin wallets with anonymous owners. However, a link with detailed information in one of those posts says that the receiver of half of that eye-popping amount was the Bittrex crypto exchange.

Image via whale-alert.io

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In the comments thread, the crypto community is discussing a chance the transactions were made by a crypto whale who is preparing to dump part of this Bitcoin on the market via Bittrex.

Some crypto traders are expecting that the Bitcoin price is likely to surpass the $10,000 level soon and continue on its journey towards regaining the $20,000-ish all-time high achieved in December 2017.

About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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