Another “whale” transaction went smoothly through the Bitcoin blockchain, this time moving $1 billion in value in a single transfer.
Big Transfer Coincided with Spectacular Market Rally
The move happened just as bitcoin was going through another rally, battling out the $8,700 resistance level. Blockchain analysis discovered the transfer happened between cold wallets belonging to the Bitfinex exchange.
The transfer also coincided with one of the most spectacular moves of Bitcoin SV (BSV), which kept breaking price records in the past day. At that time, ByteTree noted the transaction, sparking a Reddit discussion on its origins and goals.
Big fund transfers usually cluster around significant bitcoin price moves. Bitfinex remains one of the biggest BTC holders, despite the diminished influence of the exchange. Whale transactions of…
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