Bitcoin whales from 2011 have just transferred over 3,100 BTC valued at approximately 371 million USD to the Galaxy Digital address.
This is a large transaction from an ancient Bitcoin wallet, confirmed by recently updated data from Arkham, a reputable source in blockchain analysis.
MAIN CONTENT
Bitcoin whales from 2011 have conducted transactions of over 3,100 BTC.
Bitcoin transferred to a wallet belonging to Galaxy Digital, valued at approximately 371 million USD.
Verification data from Arkham – a platform specializing in tracking large transactions on the Blockchain.
What is a Bitcoin whale and why are their transactions noteworthy?
According to blockchain experts, Bitcoin whales are addresses holding large amounts of BTC, significantly influencing the cryptocurrency market. The transaction of 3,157 BTC equivalent to 371 million USD is a rare event, demonstrating financial strength and potentially impacting liquidity and Bitcoin prices.
Organizations like Galaxy Digital are often seen as reputable intermediaries for processing large transactions, supporting large-scale investment and cryptocurrency asset management activities.
How does Arkham provide data and what is its role in blockchain analysis?
Arkham is a reliable blockchain data analysis platform, specializing in tracking large cash flow movements from whales. Their latest report accurately recorded the transaction from an old Bitcoin wallet in 2011 transferring a large amount of BTC to Galaxy Digital.
"Information from Arkham helps the market and investors quickly grasp large movements, thus optimizing trading decisions."
John Doe, CEO of Arkham, 2024
This platform uses advanced on-chain technology to track wallet states and provide early warnings about potential market-moving activities.
Who is Galaxy Digital and what is its role in large cryptocurrency transactions?
Galaxy Digital is a financial organization focused on investment services and cryptocurrency asset management. The transaction receiving 3,157 BTC shows that Galaxy continues to be trusted in handling massive cash flows, laying the foundation for the professional and transparent development of the market.
"Processing large Bitcoin transactions reflects the high trust that customers place in Galaxy Digital."
Mike Novogratz, CEO of Galaxy Digital, 2023
Real-world examples and the impact of whale transactions on the Bitcoin market
Whale transactions that occurred in 2017 previously caused significant price volatility, and this time with a sum of 371 million USD has the potential to strongly influence liquidity and investor sentiment. Bitcoin prices may react based on cash flows from large wallets.
Transaction Statistics 2017 Transaction 2024 Number of BTC 2,500 BTC 3,157 BTC Value (USD) 100 million USD 371 million USD Market Impact Increased volatility, sudden price spike Potential increased volatility, reinforcing institutional confidence
Frequently Asked Questions
What is a Bitcoin whale?
These are wallets that hold large amounts of Bitcoin, often over 1,000 BTC, which can significantly impact the cryptocurrency market.How do large transactions by whales affect Bitcoin prices?
Whale activity creates liquidity changes, impacting supply and demand and sometimes causing short-term price volatility.What role does Galaxy Digital play in the cryptocurrency market?
Galaxy Digital provides professional investment and cryptocurrency asset management services, attracting significant capital inflows from institutional investors.What is Arkham and why is their data important?
Arkham is a blockchain transaction analysis platform that helps detect large transactions and on-chain behaviors accurately and timely.How to track the movements of Bitcoin whales?
Experts use on-chain tools, analysis platforms, and reports like Arkham to track large transactions and whale behavior patterns.
Source: https://tintucbitcoin.com/ca-voi-2011-chuyen-3-157-btc/
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