Coin Edition -
- PeckShieldAlert recently reported that a whale who held 19,000 BTC for 11 months had moved these Bitcoins to a new address.
- The blockchain security team claimed that the transferred BTCs would be worth around $649.63 million at the reported time.
- BTC is valued at $34,186.66, after observing a magnificent 16.87% spike over the week.
PeckShieldAlert, a blockchain security team, recently reported that a whale who held 19,000 BTC for 11 months had moved these Bitcoins to a new address. The 19,000 BTC was valued approximately at $317.84 million back on November 18, 2022; however, the blockchain security team claimed that the transferred Bitcoins would be worth around $649.63 million at the reported time.
#PeckShieldAlert A $BTC whale who has held 19K $BTC for ~11 months (valued at $317.84M on Nov. 18, 2022) has moved these $BTC to a new address, now worth ~$649.63M pic.twitter.com/qi4nNt65ks— PeckShieldAlert (@PeckShieldAlert) October 27, 2023
BTC’s recent surge created a positive sentiment among traders and investors. In fact, BTC’s spike also caused the altcoin market to experience massive bullish sentiment over a few days as several digital assets crossed their resistance levels. Santiment, a market analytics platform, observed that several crypto’s top assets had the biggest days of whale activity since June or July.
Looking at the chart, it seems that Bitcoin observed a 20% surge in seven days regarding its whale activity, transactions that are above $100,000. Santiment also notified that Bitcoin witnessed 14,833 whale transactions which happened in one day and were highlighted the most since June’s ETF news.