A Bitcoin whale, who had been holding onto their coins since 2017, has suddenly moved 3,000 BTC worth over $80 million. This mysterious entity had been accumulating Bitcoin since 2016, acquiring 3301 BTC in May of that year. In September 2017, during a significant increase in Bitcoin’s value, the whale sold 200 BTC. Since then, the whale had remained inactive until recently when it decided to transfer its BTC to two new addresses. The value of the whale’s address had reached over $200 million at one point, but the recent move brought it close to zero. The reasons behind this transfer remain unknown. According to Ki Young Ju, CEO of CryptoQuant, Bitcoin whales are currently in a “risk-on” mode, as indicated by the interexchange flow pulse, which measures the net flows between crypto exchange Coinbase and derivative exchanges. This suggests that investors are willing to take on more risk. The question arises as to whether this “risk-on” attitude will continue in the crypto market in 2023.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 0 |
| People | Ki Young Ju |
| Companies | CryptoQuant, Arkham Intelligence, Coinbase |
| Currencies | Bitcoin |
| Securities | None |
