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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/surge-in-large-bitcoin-transactions-signals-excitement-in-crypto-world/" data-wpel-link="internal">Surge in Large Bitcoin Transactions Signals Excitement in Crypto World</a><br></p>
<p style="text-align: justify">The number of large transactions in <strong><a href="https://en.coin-turk.com/when-will-spot-bitcoin-etf-arrive-insights-from-michael-novogratz/" data-wpel-link="internal">Bitcoin</a></strong> (BTC) exceeding $100,000 has reached levels last seen in June 2022 during the first week of the new year. This increase in the number of large transactions has caused excitement in the Bitcoin and overall cryptocurrency world. Historically, such increases have been associated with heightened volatility in BTC and altcoins.</p> 
<h2 style="text-align: justify" id="strong-number-of-large-transactions-exceeding-100-000-on-the-rise-strong"><strong>Number of Large Transactions Exceeding $100,000 on the Rise</strong></h2> 
<p style="text-align: justify">The on-chain data platform <strong>Santiment</strong> reported that the number of large Bitcoin transactions exceeding $100,000 began to increase in the first week of the new year, reaching levels last seen in June 2022. Santiment added that the increase in whale activities usually signals an important price breakout.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-298984" src="https://coin-turk.com/wp-content/uploads/2024/01/Bitcoin-BTC-Altcoin-Santiment-scaled.jpeg" alt="" width="2560" height="1521"></p> 
<p style="text-align: justify">Typically, transactions of this magnitude are carried out by large cryptocurrency investors known as whales in the crypto world. These investors not only influence the market direction but are also the owners of wallet addresses whose transactions should be analyzed and followed for “smart investment” strategies.</p> 
<h2 style="text-align: justify" id="strong-current-situation-in-bitcoin-strong"><strong>Current Situation in Bitcoin</strong></h2> 
<p style="text-align: justify">While the <strong>US Securities and Exchange Commission</strong> (SEC) is expected to finally greenlight the first US spot Bitcoin ETF next week, the largest cryptocurrency has been trading in a relatively narrow range of a thousand dollars over the last 24 hours. Current data shows that BTC has seen a 0.38% decrease in the last 24 hours, trading at $43,704, with the highest price level recorded at $44,770 and the lowest at $42,784 during this time period.</p> 
<p style="text-align: justify">Market observers and experts are anticipating the SEC to approve all pending spot Bitcoin ETFs by January 11. Particularly, the last-minute 19b-4 amendments submitted by ETF issuers to the SEC on January 5 fuel this expectation.</p> 
<p style="text-align: justify">To date, Franklin Templeton, Invesco Galaxy, Grayscale, BlackRock, Valkyrie, WisdomTree, Fidelity, Bitwise, Hashdex, VanEck, and ARK 21Shares have submitted their 19b-4 amendments to the SEC for ETF applications.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/surge-in-large-bitcoin-transactions-signals-excitement-in-crypto-world/" data-wpel-link="internal">Surge in Large Bitcoin Transactions Signals Excitement in Crypto World</a></h5>

Surge in Large Bitcoin Transactions Signals Excitement in Crypto World

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