🚨🚨WHALE ALERT🚨🚨
11,358 Bitcoin (BTC) Moved in One Hour - What's Behind This?
Whale Alert, a prominent tracker of blockchain activity, observed several consecutive large Bitcoin transactions earlier today, collectively moving nearly a billion U.S. dollars within just sixty minutes.
This activity coincided with Bitcoin's recovery following a 4% decline on Tuesday.
11,358 Bitcoin on the move.
The tracker detected three consecutive transactions transferring a total of 11,358 BTC, equivalent to more than $743 million.
These transactions involved 6,499; 2,359; and 2,500 Bitcoins, with the first transfer alone valued at almost half a billion U.S. dollars.
These significant transfers occurred between undisclosed blockchain addresses, including 6,499 BTC and 2,359 BTC originating from the same wallet, vtv93w.
Bitcoin Recovers After Recent Decline Amid Fourth Day of Bitcoin ETF Outflows.
On Tuesday, Bitcoin, the leading cryptocurrency, made waves by falling 4.05%, dropping to the $64,360 range.
Since then, in the past 24 hours, BTC has rebounded, attempting to break above $65,590. However, it encountered resistance and is currently trading at $65,148.
Among the factors contributing to Bitcoin's recent decline was the absence of inflows into spot Bitcoin ETFs on June 18. The Grayscale Bitcoin Trust experienced a significant outflow of $62.3 million, second only to Fidelity's ETF, which saw $83 million in Bitcoin withdrawals.
