In the world of cryptocurrencies, the emergence of new whales (individuals or entities that own significant amounts of digital assets) often catches the attention of investors and enthusiasts.
In the world of cryptocurrencies, the emergence of new whales (individuals or entities that own significant amounts of digital assets) often catches the attention of investors and enthusiasts.
Recently, the cryptocurrency market witnessed a notable event when a new Bitcoin whale was born through a substantial change of 2,000 BTC, which Whale Alert detected.
Crypto Data Tracker Whale alert reports that “2,000 BTC worth $145,652,356 are transferred from an unknown wallet to a new unknown wallet.”
The receiving address turned out to be a new wallet containing only the 2000 BTC transaction and another 273 BTC, for a total of 2273 BTC.
This unexpected move has sparked intrigue within the crypto community, sparking speculation about the motives behind the change and the possible implications for the market.
The transaction can be OTC (over-the-counter), which typically occurs outside of a cryptocurrency exchange. However, the exact reason for the change is still unknown, although several reasons can be inferred.
Without ruling out a fund reorganization, the whale may be a first-time Bitcoin buyer looking to establish a significant position in Bitcoin as part of a long-term investment strategy. The exchange can also be a speculative move intended to capitalize on price movements or short-term market trends.
Bitcoin has continually reached new highs, capturing the attention of both new and experienced investors.
Bitcoin Whale Transactions Set New Highs
According to the on-chain analysis firm In the blockThe volume of large Bitcoin transactions (referring to those above $100,000) reached $116.2 billion on March 13, representing a huge increase from the bear market’s $10 to $20 billion range. .
This could indicate that whales are becoming more active, with volumes reaching levels not seen since August 2021, according to IntoTheBlock.
Bitcoin (BTC) has risen steadily over the past month, setting new all-time highs as each drop was quickly accepted.
During today’s trading session, BTC reached new all-time highs of $73,835 before encountering resistance and pulling back. At the time of writing, BTC had fallen 0.90% in the previous 24 hours to $73,040.
