Gemini

Bitcoin

Million

A major Bitcoin player, often referred to as a "whale," has made a notable move involving the leading digital currency.In a recent maneuver, this influential entity conducted a substantial transaction involving a staggering 5,140 BTC, amounting to a value of approximately $134 million.This large sum of Bitcoin was transferred from the cryptocurrency exchange Bybit, which is centered in Dubai, to an undisclosed wallet.This substantial transfer becomes even more intriguing when placed in context with insights from Santiment, a crypto analytics firm. Their research highlights that Bitcoin reserves held on exchanges have reached their lowest levels in six years.Moreover, their data reveals that affluent Bitcoin traders are consistently conducting significant weekly transactions, with an average of 57,400 BTC per transaction, each surpassing $100,000 in value.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"> https://twitter.com/santimentfeed/status/1694830743804125529?s=20 </div></figure>Santiment elaborated on this trend, revealing that only 5.8% of all available Bitcoin is currently on exchanges.This represents the lowest percentage seen since December 17, 2017, indicating a significant shift in the cryptocurrency landscape.In addition to this sizeable Bitcoin movement, Whale Alert reported several other noteworthy transactions. These include the transfer of 2,910 BTC, valued at $76,010,381, from an undisclosed wallet to the U.S.-based crypto exchange Coinbase.Another transfer involved 4,000 BTC, worth $106,039,171, moving from the crypto exchange Bitfinex to an unknown wallet.Additionally, a transfer of 1,414 BTC, valued at $37,446,124, occurred between the crypto exchange Gemini and an unknown wallet. Lastly, a transaction of 1,162 BTC, totaling $30,066,143, took place from Binance to another undisclosed wallet.The post <a rel="noopener noreferrer nofollow" href="https://optimisus.com/news/crypto-news/mysterious-bitcoin-whale-moves-134-million-worth-of-btc/">Mysterious Bitcoin Whale Moves $134 Million Worth of BTC</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://optimisus.com">Optimisus</a>.

Mysterious Bitcoin Whale Moves $134 Million Worth of BTC

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