2024

Bitcoin

when

Billion

Monster

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<p lang="en-GB" xml:lang="en-GB">IntoTheBlock on-chain data aggregator has reported that while the cryptocurrency market has been hit by massive FUD, the largest <a href="https://u.today/peter-schiff-on-bitcoin-crash-the-bear-is-still-young" rel="noopener noreferrer nofollow">Bitcoin whales</a> continue to accumulate the world’s flagship digital currency no matter what.</p>
<p lang="en-GB" xml:lang="en-GB">This has happened while other large whales are dumping large amounts of BTC.</p>
<h2 id="largest-whales-scoop-up-half-billion-in-bitcoin">Largest whales scoop up half billion in Bitcoin</h2>
<p lang="en-GB" xml:lang="en-GB">According to a recent statement made by IntoTheBlock, the number of Bitcoin’s largest wallets has surged to the highest peak since May this year. These wallets in total hold 0.1% of the total Bitcoin supply. On Monday, they accumulated another 7,130 BTC, which is worth $436 million.</p>
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 <p lang="en" dir="ltr">Despite market FUD, the net inflow to Bitcoin's largest wallets reached its highest level since late May. Holders controlling at least 0.1% of the total BTC supply added 7,130 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a>, valued at approximately $436 million, to their wallets yesterday alone. <a href="https://t.co/elMilAgK58" rel="noopener noreferrer nofollow">pic.twitter.com/elMilAgK58</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1805572372184920403?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 25, 2024</a>
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<p lang="en-GB" xml:lang="en-GB">That is not the only recent large Bitcoin purchase they made. As <a href="https://x.com/WuBlockchain/status/1805527340140970304" rel="noopener noreferrer nofollow">reported by Akrham</a>, the German government continues to sell BTC. Earlier today, this entity transferred 400 Bitcoins to major cryptocurrency trading platforms Coinbase and Kraken. This amount of BTC is evaluated at roughly $24.34 million.</p>
<p lang="en-GB" xml:lang="en-GB">However, the first transfer to exchanges took place last week, when the German government sent an impressive 1,700 BTC to Coinbase, Bitstamp and Kraken.</p>
<h2 id="bitcoin-plunges-below-60-000">Bitcoin plunges below $60,000</h2>
<p lang="en-GB" xml:lang="en-GB">On Monday, the world’s leading digital currency astonished the market when it suddenly took a major dive, plunging from $62,680 to the $59,220 zone. This was the peak of massive outflows that were recorded from Bitcoin over the last week. According to a recent CoinShares report, a <a href="https://u.today/bitcoin-btc-sees-630-million-outflows-amid-crypto-bloodbath" rel="noopener noreferrer nofollow">whopping $630 million</a> were withdrawn from BTC.</p>
<p lang="en-GB" xml:lang="en-GB">Today, Bitcoin has made a successful attempt to regain some of its losses and recovered to $61,152, where it is changing hands at the time of this writing.</p>

Half Billion in Bitcoin Purchased in Single Day, Here's Monster That Did It

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