Bitcoin Whale Moves

According to coinmarketcap On-chain data showed Bitcoin wallets with 1,000+ BTC buying more as BTC was near $109K. CoinDesk reports large holders are “in accumulation mode” while smaller investors are selling. As BTC approached $112K, sources revealed that whales were buying more.

A dormant Satoshi-era whale moved 80,000 BTC ($8.6B) from old addresses to new SegWit addresses this week. Arkham and Ledger’s CTO confirmed this was a security upgrade, not a sale. The move followed “legal notice” OP_RETURN messages sent to the old wallets, likely prompting a precautionary move.

Another crypto whale moved 6,000 BTC ($647.8M) to a new bc1q (SegWit) address. This large transfer from 1J3B2 to a bc1q wallet caught the community’s attention. It looks like a security-driven move as there’s no sign of the whale selling any BTC.

A whale from 2019 moved 17,283 BTC ($1.88B) and 9,000 ETH ($977M) in 24 hours. The 17,283 BTC alone was worth $1.52B at the time.

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