Whale Alert, a popular blockchain tracker that tracks large cryptocurrency transactions, detected several consecutive Bitcoin transfers today. These transactions moved nearly one billion US dollars in just one hour.
Whale Alert, a popular blockchain tracker that tracks large cryptocurrency transactions, detected several consecutive Bitcoin transfers today. These transactions moved nearly one billion US dollars in just one hour.
This happened as Bitcoin recovered after its 4% drop on Tuesday.
11,358 Bitcoin in motion
The aforementioned blockchain tracker detected three consecutive transactions, which transferred 11,358 BTC in total, the equivalent of more than $743 million.
These transactions carried out 6,499; 2,359 and 2,500 Bitcoins. The first transfer alone was worth almost half a billion US dollars.
These gigantic transactions took place between unknown blockchain addresses. The amounts of 6,499 BTC and 2,359 BTC were transferred from the same wallet, -vtv93w.
Bitcoin Recovers from Recent Drop on Fourth Day of Bitcoin ETF Outflows
On Tuesday, the world’s flagship cryptocurrency, Bitcoin, caused repercussions in the cryptocurrency market by falling 4.05% as the price fell to the $64,360 area.
Since then, over the past 24 hours, BTC has recovered, striving to break above $65,590. However, it was rejected from this resistance level and is currently trading at $65,148.
Among the multiple factors that have caused Bitcoin to fall once again is the fact that Bitcoin spot ETFs recorded no inflows on June 18. Grayscale Bitcoin Trust recorded a significant outflow of $62.3 million, which was second only to the Fidelity ETF, which took in $83 million worth of BTC. removed from her.
It was the fourth consecutive day of outflows, according to analytics platform @spotonchain on X.
Yuri MolchanSamson Mow Predicts Bitcoin Will Hit $1.0 Million
Earlier this week, vocal Bitcoiner Samson Mow doubled down on his multiple $1 million Bitcoin predictions made earlier this year.
Jan3 CEO Mow tweeted that he is confident that the leading digital currency will reach $1 million. However, the question is when and how quickly. In his previous tweets, Mow cited daily inflows into Bitcoin spot ETFs and the Bitcoin halving in April as key factors for BTC to reach this astonishing price level in the future.
However, recently, he also tweeted that the absence of “Godzilla candles” for BTC means that the odds of seeing an “Omega candle” are increasing dramatically. He even expects Bitcoin to suddenly jump from $70,000 to $200,000 in one night.
