A Bitcoin whale that had been inactive for a long time (since the Satoshi era) has transferred over 1.1 billion dollars in Bitcoin to centralized exchanges in recent hours, raising concerns about a potential market correction during a weekend when liquidity is usually low.
After holding its reserves since 2011, the Satoshi-era whale, or major cryptocurrency investor, first transferred 40,000 Bitcoins
BTC
100,040 €
worth over 4.6 billion dollars on July 15, followed by a second transaction of 40,000 BTC on July 18 to Galaxy Digital, as previously reported by Cointelegraph.
According to the blockchain intelligence platform Lookonchain, Galaxy Digital has since transferred over 10,000 BTC, worth approximately 1.18 billion dollars, to major cryptocurrency exchanges, including Binance, Bybit, Bitstamp, Coinbase, and OKX.
"The more than 10,000 BTC come from the Bitcoin whale, which has 80,009 BTC (9.68 billion dollars)," Lookonchain said on X.
@larangedev
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