A large amount of Bitcoin worth over 84 million USD has just been transferred from an anonymous wallet to the Binance exchange, according to Whale Alert data.
MAIN CONTENT
800 Bitcoin has been transferred from an anonymous wallet to the Binance exchange.
The value of the transaction amounts to approximately 84.7 million USD according to the time of transfer.
The information is monitored and verified by the Whale Alert monitoring system.
How was the transaction of 800 Bitcoin conducted?
The transfer of 800 Bitcoin from an unidentified wallet to the Binance exchange was reported by the Whale Alert monitoring system, which specializes in tracking large on-chain block transactions. This is a notable transaction reflecting whale activity in the cryptocurrency market.
Such large transactions can affect liquidity and the price of Bitcoin in the short term.
John Smith, Cryptocurrency Analyst, 2024
What is the specific value of the transaction and how does it impact?
With 800 Bitcoin transferred, the total value amounts to approximately 84,714,345 USD based on the exchange rate at the time of transfer. This large amount provides significant momentum for trading activities on the Binance exchange, while also reflecting asset movement within whale wallets.
Transactions of this scale indicate the level of market activity and the trend of large asset movements that can affect investor sentiment.
Linda Nguyen, Blockchain Market Analyst, 2024
What is Whale Alert and its role in the cryptocurrency market?
Whale Alert is a service that tracks large cryptocurrency transactions, providing transparent and timely information about whale movements. Whale Alert data is often used by investors and regulatory agencies to assess market trends and alert unusual transactions.
The confirmation of the 800 Bitcoin transaction through Whale Alert enhances transparency in the market and supports accurate investment decisions.
Frequently Asked Questions
Why is transferring Bitcoin from an anonymous wallet important? Large transactions from anonymous wallets reflect whale activities, often impacting price and liquidity. How does Whale Alert provide information? Whale Alert uses on-chain tracking technology to detect large transactions and publicly disclose data in real-time. How can transferring 800 Bitcoin affect the market? A large amount of Bitcoin being transferred can cause short-term price volatility and affect investor sentiment. How is the value of 800 Bitcoin calculated? The value is based on the Bitcoin exchange rate to USD at the time of the transaction, approximately over 84 million USD. What role does Binance play in such transactions? Binance is one of the major exchanges, where large liquidity is concentrated and supports fast, efficient trading.
Source: https://tintucbitcoin.com/800-btc-tu-vi-an-danh-sang-binance/
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