An unknown Bitcoin whale has recently emerged, accumulating 118,300 Bitcoin worth over $3 billion at current market prices. The identity of the owner remains unknown, leading to speculation that it could be a centralized exchange such as Gemini or BlackRock, the largest asset management firm in the world.The wallet has become the third-largest holder of Bitcoin, behind the cold wallets of Binance and Bitfinex. Bitcoin has seen a 1.2% decline in the last 24 hours and an 11% decline throughout the week.The emergence of the whale and the speculation around its identity has caused some to speculate that it could be linked to BlackRock’s recent filing for a spot Bitcoin ETF product last month.

Information Details
Geography Global
Sentiment neutral
Relevance Score 9
People None
Currencies Bitcoin, Ethereum
Securities None

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