Massive Bitcoin Whale Abruptly Moves $106,000,000 in BTC – Here’s Where the Crypto Is Heading

Crypto insiders are watching a massive bitcoin transaction involving an anonymous high stakes whale.

The big crypto owner just emptied a bitcoin wallet and transferred 9,000 bitcoin (BTC) worth $ 106 million for a fee of just $ 1.16.

Source: Blockchain

The transfer took place first discovered through the automated blockchain tracker known as the Bitcoin Block Bot.

According to the latest Block Explorer data, the whale is touched the coins to three different addresses.

An unknown wallet receive 5,000 BTC sent the coins to two other wallets, one of which is one active Bitcoin address with 4,774 transactions so far. Another wallet received 4,000,458 BTC and then transfer the crypto assets to three different addresses where most of the funds are not spent. The wallet that got the rest of the money touched the coins to a different address.

BitInfoCharts shows that the 9,000 BTC stack first made it into the whale's original wallet on June 29. The wallet has not sent or received a significant amount of bitcoin to date when the owner suddenly started moving the coins.

The crypto whale in question can be an exchange, a crypto guard or an institution that manages digital assets on behalf of its customers. It could also be an early investor trading Bitcoin over the counter (OTC) or moving BTC across multiple addresses to keep it safe.

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are made at your own risk and that any losses incurred are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock / kkssr





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