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

News
Sun, 02/02/2020 - 11:25
article image
Yuri Molchan
Whale Alert detects two gargantuan Bitcoin transfers between crypto wallets with unregistered owners, totalling almost 1 billion USD
 Nearly $1 Bln in Bitcoin (BTC) Sent Between Anonymous Wallets: Whale Alert
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.

BTC Whale Alert
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.

Bittrex
Image via whale-alert.io

Related Bitcoin (BTC) Emoji Introduced by Twitter – Another Major Public Acknowledgement?
Related
Bitcoin (BTC) Emoji Introduced by Twitter – Another Major Public Acknowledgement?

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.

article image
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 yuri.molchan@u.today.