Whale Moves 88,857 Bitcoin in Single $1.15 Billion Transaction
- —The 88,857 BTC transfer is valued at about $1.15 billion
- —Funds were split into 43,185 BTC and 45,671 BTC transfers
- —Both receiving addresses are new and unconnected to exchanges
- —The source wallet holds roughly 303,000 BTC (~$4 billion)
Why it matters: No exchange addresses were involved, so selling pressure has not materialized yet, but traders are watching the wallet for any future moves.
Source: CryptoTicker