TL; DR separation:
- A bitcoin whale paid just $ 1 to transfer about $ 900 million in bitcoin. This is unusual for Fiat and Gold.
- According to CoinMarketCap, Bitcoin is currently down 7.5 percent to $ 60,357.
In the hours leading up to the release, Whale Alert observed a series of transfers of a bitcoin whale that initially included 150,787 bitcoins – $ 910 million. Although this happened when Bitcoin and other digital currencies were corrected, given that the coins were transferred from “Unknown Wallet to Unknown Wallet”, it does not seem to indicate a whale discharge.
Bitcoin Whale 15078 Bitcoin to the new wallet
The current address that holds the coins also appears to be a new wallet, as Whale Alert has indicated that it has only traded once, which is 15077.47360231 bitcoins, which received $ 889.2 million a few hours ago at the time. Is. More interesting is the 0.00001680 BTC or $ 1.01 fee paid by the Bitcoin Whale to transfer funds.
Such an improvement is unusual when using a traditional payment channel. It should be noted that the transfer of that amount with banking institutions requires different licenses.
Why is Bitcoin falling?
As of Tuesday, the leading digital currency has lost about seven percent of its value, according to Kevin Market Cap. At the time of writing, Bitcoin was trading at $ 60,357 with a total value of $ 1.14 trillion. Some people think that the downturn in the market is due to the fear that the United States will soon put pressure on the digital currency market with the infrastructure bill.
Others believe that the market downturn was due to excessive greed and optimism.
One of the uptrends that must be maintained is the declining exchange rate. Arcane Research recently shared that bitcoin trading balance is still declining.