Anonymous Bitcoin Whale Transfers 12,000 BTC

Bitcoin, the most valuable cryptocurrency in the world, is currently trading near $53,000 with a market cap of approximately $990 billion. Bitcoin whales are moving the digital currency in large amounts amid price volatility.

According to the latest data published by Whale Alert, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term tracking and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term firm, an anonymous cryptocurrency user moved 12,000 Bitcoin worth more than $620 million. The transaction was executed on 25 March at 20:58 UTC.

The latest transfer was recorded on blockchair.com. Whale Alert has reported a surge in unknown cryptocurrency transactions involving Bitcoin, Ethereum, XRP and other digital currencies. Finance Magnates earlier reported about massive Bitcoin outflows from the digital currency exchange Coinbase.

More than $1 billion worth of Bitcoin has left Coinbase within the last few days. BTC’s liquid supply at leading cryptocurrency exchanges is plunging.

“Mind-blowing how Bitcoin supply just keeps drying up more despite recent price volatility. The fundamental dynamics seem different this time around compared to the last cycles,” Jan & Yann, Co-founders of crypto analytics provider, Glassnode mentioned on Twitter.

BTC whales are not selling their digital assets as only 36% of the Bitcoin supply has moved in the last 6 months.

Unknown Transfers

Apart from the latest Bitcoin transfer, Whale Alert reported about a massive Ethereum transaction. An unidentified ETH user moved 197,656 Ethereum to an unknown crypto wallet. The total value of the transaction stood at around $317 million at the time of the transaction. Additionally, the blockchain firm reported a transfer of around 80 million USDC. Unknown crypto transactions are having a direct impact on the price of digital currencies. The cryptocurrency market has seen a volatile week as Bitcoin lost nearly 10% of its value in the last 7 days, and Ethereum is down nearly 12% this week. Tether has regained the position of the world’s 3rd largest cryptocurrency after reaching a market cap of $40 billion. Binance Coin is the 4rth largest digital currency in the world with a market cap of around $37 billion.