The Bitcoin whale holding 80,000 BTC for 14 years has just transferred 10,009 BTC worth $1.22 billion.
The recent BTC transfer activity of long-time Bitcoin whales made a significant mark on the cryptocurrency market due to the high volume of coins and transaction value.
MAIN CONTENT
This Bitcoin whale has held 80,000 BTC for 14 years without trading.
10,009 BTC worth approximately $1.22 billion has just been transferred.
The transaction is identified through the wallet address starting with bc1qmu.
Who are Bitcoin whales and why do their BTC transfer actions attract attention?
According to on-chain expert Yu Jin, this Bitcoin whale is considered one of the largest and longest holders in the market, with a total of 80,000 BTC held steadily for 14 years. The recent transfer of 10,009 BTC is seen as a rare move that could significantly impact the market due to creating a sudden supply surge.
“When a whale holds Bitcoin for many years and then makes a large transaction, it attracts the community's attention and could mark a significant turning point.”
Yu Jin, On-chain Analyst, July 2024
The reason whales hold BTC for a long time and the impact of new transactions.
Bitcoin whales often hold large amounts of coins for long-term HODL purposes or prepare for long-term investment strategies, minimizing price volatility. Transferring over 10,000 BTC after 14 years may be due to the need to diversify assets, convert, or conduct large transactions in the market, creating immediate pressure on price and liquidity.
How is a BTC transfer transaction conducted and is it reliable?
The transaction is confirmed on the Blockchain through the wallet address ending with bc1qmu, transparent and immutable. On-chain data confirms the exact quantity and timing of transactions, ensuring absolute transparency and reliability in tracking the activities of Bitcoin whales.
“Blockchain provides a transparent environment, helping to track all transactions, especially from long-time whales, creating trust for investors.”
Nguyễn Đức Hùng, Director of Blockchain Data Analysis, 2024
The situation of transaction value and actual economic impact.
The value of the transferred 10,009 BTC is approximately $1.22 billion at the current exchange rate, a massive figure in the cryptocurrency market. Transactions of such high value can lead to short-term price volatility, affecting liquidity on exchanges and the investment strategies of other investors.
Where can you track large transaction information of cryptocurrency whales?
On-chain analysis platforms and Blockchain tracking tools provide transparent data, continuously updating transactions from whales and large wallets. Experts and analysts like Yu Jin are reputable sources to identify notable activities in the cryptocurrency market.
Reputable on-chain monitoring and analysis platforms
Platform Name Main Features Reliability Platform A Whale wallet analysis, tracking large transactions Trusted by millions of investors Platform B Provides real-time on-chain data Highly rated by Blockchain analysts.
Frequently Asked Questions
What is a Bitcoin whale? It is an individual or organization that owns a large amount of Bitcoin, usually over 1,000 BTC, which can influence the market. Why is the transfer of 10,009 BTC significant? Due to the large quantity and longevity of the coin held, the transaction has a significant impact on liquidity and price. How to track transactions from whales? Use reputable on-chain analysis platforms for the most transparent and accurate results. Is trading on the Blockchain safe? Blockchain ensures transparency, immutability, security, and reliability. How does the transfer of BTC by whales affect small investors? Large transactions can create short-term price volatility, affecting sentiment and investment decisions.
Source: https://tintucbitcoin.com/ca-voi-bitcoin-chuyen-10-009-btc-nhanh/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
