Fresh Wallet Pulls $84.72M in BTC as Bitcoin Nears $100K Milestone
Seven hours ago, a newly created wallet bc1qn62sptzkwv9vz6y6g2efwg99jm47augkc47fnn made its first transaction, withdrawing 900 BTC (valued at $84.72M) from Bitfinex at a price of $94,138. This comes amid Bitcoin's meteoric rise, with the price hitting a fresh all-time high of $97,000, just $3,000 shy of the elusive $100,000 mark.
Tether’s Influence:
Just nine hours earlier, Tether minted an additional 1B USDT on Ethereum from wallet 0x5754284f345afc66a98fbb0a0afe71e0f007b949, continuing its aggressive expansion.
Key Observations:
Since November 6, Tether has minted a total of 10B USDT across Ethereum and Tron, injecting liquidity that may have fueled Bitcoin's upward momentum.The BTC withdrawal signals potential market confidence or strategic positioning ahead of Bitcoin's next major psychological milestone.
The Big Question:
Is this whale positioning for an imminent breakout above $100K, or are we witnessing the start of large-scale profit-taking?
