Bitcoin whales have moved $1,700,000,000 in BTC in the last few hours as bitcoin had a new 30-day high at $43,271. As blockchain tracker Whale Alert noted, four large BTC transactions were made. In total, 41,671 bitcoin worth $1.78 billion were moved. Bitcoin news we don’t want to deprive you of.
Over 41,000 BTC sent
The latest bitcoin news from Whale Alert, the blockchain tracker shows that 41,671 bitcoin were moved in the last few hours. These had a value of $1.78 billion. A total of four large transactions were detected, all of which were sent from an unknown wallet to another unknown wallet.
Here is an overview of the transactions:
Bitcoin News – More and More BTC Holders
Meanwhile, Bitcoin & Co. are recovering somewhat after a long dry spell. However, crypto analysis firm Santiment has found that whales are drastically increasing their holdings of Bitcoin. Since June, Santiment says it shows that the percentage of Bitcoin holders has risen sharply. However, these are only investors in the “millionaire cohort,” or those holding between 100 and 10,000 BTC. At the same time, this means that cash-rich investors could be hoarding just under half of the complete Bitcoin supply.
Bitcoin addresses holding 100 to 10,000 BTC currently own 49.11% of the total Bitcoin supply, and they are still very close to the [all-time high] of 49.18% made just last week. This important group of whales is one of our most solid indicators to watch.
In addition, the crypto analytics firm added that the jump higher comes just as the euphoria in the market is waning.
Bitcoin took off on a bullish crypto Friday, surging for the first time since the 18th. The surge comes as traders cooled off on BTC, as markets historically move in the opposite direction of mass expectations.
The euphoria continues at the moment. Let’s hope it stays that way and BTC doesn’t plummet back down and we have to post bad bitcoin news.
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