What occurred: $105,776,228 value of Bitcoin BTC/USD was simply moved between 2 nameless cryptocurrency wallets in a single transaction.

This mysterious particular person’s bitcoin pockets handle has been recognized as: #

$105 million value of Bitcoin was despatched to an unknown recipient, with Bitcoin pockets handle: bc1qc6m6253xlevwwdujrs5g29ksxupcm0e0xexuag7xnpzhqhn4x5squsp8sk

Why it issues: Cryptocurrency whales that personal tens of millions of {dollars} in Bitcoin have a tendency to maneuver markets single-handedly. If the whale decides to exit this Bitcoin place, there could possibly be sufficient market impression to push down the worth of BTC. It takes about $15 to $30 million of promote stress to maneuver the worth of Bitcoin down 2% on any given alternate.

Since this transaction wasn’t despatched to an alternate, it is unlikely that this Bitcoin whale is searching for liquidity. Instead, they could be transferring this to a distinct pockets for safety functions.

You can view more details about the transaction here

In line with Glassnode, there are 250,613 Bitcoin wallets with over $100,000 in BTC.

See Additionally: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers

Worth Motion: Bitcoin is up 3% prior to now 24 hours.

See Additionally: How To Buy Bitcoin

Public Blockchain knowledge sourced from Whale Alerts Twitter.

This text was generated by Benzinga’s automated content material engine and reviewed by an editor.

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