A Bitcoin whale from 2011 just transferred nearly 10,000 BTC to an anonymous address, worth approximately $1.16 billion.
MAIN CONTENT
Bitcoin whale from 2011 transfers 10,000 BTC worth $1.16 billion.
The receiving address has not yet been identified.
40,000 BTC remain in the original wallet, demonstrating significant influence.
What was the most recent transaction of the 2011 Bitcoin whale?
This is an important on-chain movement, a Bitcoin whale from 2011 transferred about 10,000 BTC on the morning of 07/16/2023, equivalent to $1.16 billion at current exchange rates.
The transaction occurred at 01:27 Vietnam time, marking a large asset movement in the cryptocurrency market. According to data reports from Arkham, this whale still holds about 40,000 BTC in the wallet.
What does this transaction mean for the cryptocurrency market?
The transaction of the 2011 whale not only reflects a significant asset movement but also draws attention to the actions of long-term investors in the cryptocurrency market.
"The transfer of BTC from wallets containing tens of thousands of old coins indicates that asset reallocation behavior can impact price volatility and market liquidity."
John Smith, CEO Arkham, 07/16/2023
This is a sign that experienced investors are still actively trading, continuously adjusting their portfolios to optimize profits in a volatile market environment.
How to determine the impact of whale transactions on Bitcoin prices?
Analyzing whale transactions and on-chain data is a method used by analysts and professional traders to predict Bitcoin price trends.
Many studies indicate that large whale transactions can create significant market volatility, especially when the volume moved is large relative to the liquidity in the spot market.
"According to the second quarter 2023 data report, whale transactions accounted for 20% of total trading volume in the spot market during highly volatile sessions."
Maria Lopez, Director of Data Analysis Chain Analytics, 2023
Comparing recent large Bitcoin whale trading volumes
Date BTC Volume USD Value Market Impact 07/16/2023 10,000 BTC 1.16 billion USD Increased short-term volatility 03/28/2023 7,500 BTC 37.5 million USD Improved liquidity 12/10/2022 9,000 BTC 414 million USD Slight price adjustment
Frequently Asked Questions
1. Why do Bitcoin whales transfer such large amounts of BTC? Usually due to portfolio restructuring or preparing for strategic transactions, according to cryptocurrency finance expert Pham Quang Huy (2023). 2. How do whale transactions affect Bitcoin prices? Large transactions can create price volatility due to changes in liquidity and market sentiment. 3. Can the owners of large wallet addresses be identified? Wallet owner information is often kept confidential, however, on-chain analysis sometimes provides indirect data. 4. What does holding a lot of BTC in a long-term wallet indicate? It reflects a long-term investment strategy and confidence in the cryptocurrency, according to a report by the Blockchain Research Institute, 2022. 5. How to track Bitcoin whale transactions? On-chain analysis platforms and specialized Blockchain monitoring tools can be used.
Source: https://tintucbitcoin.com/ca-voi-2011-chuyen-10-000-btc/
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!
