😱😱😱Bitcoin whale appeared after 12 years: What's going on?
According to on-chain data, a Bitcoin whale woke up from its sleep after 12 years and transferred its #BTC assets to new wallets.
The leading cryptocurrency Bitcoin is trading at the level of $ 70,000. After the monthly closing, halving will be the next stop for Bitcoin. Halving will take place in April and halve the block rewards.
While the market activity continues, a #Bitcoin whale has heated up the agenda. The whale woke up from its sleep after 12 years and moved its BTC assets. And what is the reason for the movement of this whale?
The Bitcoin whale has opened its eyes: what could be its purpose?
An interesting transfer process was reflected in the on-chain data. According to data compiled by Lookonchain, a Bitcoin whale made transactions after 12 years. The whale transferred the BTC it had in its possession to multiple new wallets. The purpose of the whale, which woke up years later and carried its assets, became a matter of curiosity.
The whale transferred all of the 500 BTC ($ 34.78 million) in its possession to the new wallets that it created. Whale wallet had purchased 500 BTC for a total of $3,786 on July 14, 2012. The cost of the whale per BTC was at the level of $ 7.57.
The whale, which bought BTC at $ 7.57 and has been holding it motionless for 12 years, revived during the most active period of the market. The crypto market's focus on halving may have influenced the whale. As it is known, BTC reached an all-time high before halving and formed correction expectations. Despite these expectations, BTC, which is trading at the $ 70,000 level, is entering the April halving strongly.
According to The Block, another transfer transaction took place last week. Last weekend, the fifth largest Bitcoin address transferred $6 billion worth of BTC to three new wallets.
The activity brought to mind the idea that there may be volatility in BTC.
