2024

United

Bitcoin

Million

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A notable&nbsp;<a href="https://u.today/bullish-bitcoin-statement-issued-by-samson-mow-omega-coming" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> transfer valued at $231.45 million has recently attracted attention. Thus,&nbsp;<a href="https://x.com/whale_alert/status/1792799024413561162" rel="noopener noreferrer nofollow">Whale Alert</a> reported that an entity identified by the address "bc1qc" executed the transaction, transferring 3,250 BTC to Kraken, a major cryptocurrency exchange in the United States.
The history of the sender’s address, "bc1qc," reveals limited information. Its initial transaction occurred in March 2024, receiving 0.002 BTC from another unidentified and now empty wallet. A closer examination of the transaction chain shows a series of exchanges between various unknown addresses over several months.&nbsp;
This recent transaction represents a significant but not overwhelming portion of the wallet's total holdings. Currently, 20,282&nbsp;<a href="https://u.today/bitcoin-and-cardano-skyrocket-with-716-increase-in-fund-flows" rel="noopener noreferrer nofollow">BTC</a>, valued at approximately $1.44 billion, remain stored in "bc1qc."
Market participants often view such substantial transfers as potential indicators of a major player preparing to sell their holdings. Transferring&nbsp;<a href="https://u.today/legendary-trader-peter-brandt-reveals-whats-behind-bitcoin-is-dead-claim-of-peter-schiff" rel="noopener noreferrer nofollow">Bitcoin</a> to highly liquid platforms like Kraken is a common practice before executing large sales.&nbsp;
<blockquote>
 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 3,250 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> (231,448,487 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Kraken</a><a href="https://t.co/4vNsBjY4IA" rel="noopener noreferrer nofollow">https://t.co/4vNsBjY4IA</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1792799024413561162?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 21, 2024</a>
</blockquote>
However, it has not yet been confirmed whether this transfer will result in an immediate sell-off. The market impact of such a move could be significant given the large volume of Bitcoin involved.
<h2 dir="ltr" id="bitcoin-nears-all-time-high-again">Bitcoin nears all-time high...again</h2>
Despite the substantial transfer, the&nbsp;<a href="https://u.today/bitcoin-bulls-push-bitcoin-btc-price-past-68k-is-70k-next" rel="noopener noreferrer nofollow">Bitcoin price</a> has remained stable, continuing to trade above $70,000. This level is just 3.75% below its all-time high, indicating strong market confidence and ongoing interest from both institutional and retail investors. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="a0abc078-6398-45f0-bd17-da5fb6785d3c" src="https://u.today/sites/default/files/inline-images/bitcoiin.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
For now, attention remains on the rest of the large holdings in the wallet and the possible market movements that could follow.

Nearly $250 Million Bitcoin Transfer Stuns Major US Exchange

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