25,000 Bitcoins Sent Between Anonymous Cryptocurrency Wallets According To Recent Blockchain Data
According to blockchain service Whale Alert, which tracks large amounts of crypto transferred by various market participants, in the past three hours, two gargantuan lumps of Bitcoin were sent between wallets tagged as “unknown.”
Whales move 25,000 Bitcoins
These were two back-to-back transactions that took place at 11:24 UTC. One of them was carrying 10,157.578 BTC (for a total of $ 521,948,400). With the other transfer, 15,052.245 BTC were transferred, which is the equivalent of $ 773,461,440. The two deals total $ 1.295 billion.
Most likely, these transactions, due to their massive size, have either been made by crypto whales or are part of an OTC exchange.
Bitcoin recovers $ 51,000 level
As reported by U.Today a day earlier, the flagship digital cryptocurrency topped $ 50,000 from the $ 48,600 area and hit the $ 51,000 level, rising 5% that day. while traders hoped the “Santa’s Gathering” to happen.
That was the highest price mark reached by BTC since Dec. 7, when it hit the $42,000 zone. Now, it is over 22% above that low.
The term “Santa’s Gathering” was coined by American stock traders and first mentioned in the Stock Trader’s Almanac of 1972. It describes a noticeable calendar effect that pushes stock prices up. of the last five days of December.
As of this writing, Bitcoin manages to hold in the achieved range, trading at $51,196.
