Hours ago, one of the richest Bitcoin addresses in the world took action and moved over 65 thousand Bitcoins for the first time since 2014. While the address sent by the person/group that stands out as one of the 20 rich Bitcoin addresses is unknown, the possibility of the transfer being an over-the-counter market sale stands out, according to the news on CryptoPotato.
Larger than Binance and Bitfinex’s Bitcoin Volume
While the amount transferred is higher than Binance and Bitfinex’s daily Bitcoin transaction volume of $ 155 million, it seems that the transfer is still in progress.
Transfer Fee More Than $50 Less
When the details of the transfer are examined, it is seen that the Bitcoin blockchain can realize such a large amount, $257 million to only $43, less than $50.
The transfer was carried out by scattering over many SegWit addresses. While it stands out, this way may have been chosen to make it harder to track cryptocurrencies.
Consequences?
Although the $257 million Bitcoin transfer might seem scary at first glance as a sell signal for Bitcoin bulls, the over-the-counter transfer , OTC market will mean that Bitcoin and crypto prices will not be affected by this development. It’s a fact that he can try to pull it below the support point in his band.. However, if the address that has been protecting their Bitcoins since 2014 does not consider selling on exchanges, it seems more likely that new buyers will be buying their cryptocurrencies in the OTC market for long-term profit purposes.
Bitcoin, the leading cryptocurrency, Coinbase as of publication time.
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