RATE Group | What a Bitcoin Transaction Worth $1.4 Billion Means for BTC?
81985
post-template-default,single,single-post,postid-81985,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

What a Bitcoin Transaction Worth $1.4 Billion Means for BTC?

06 Mar What a Bitcoin Transaction Worth $1.4 Billion Means for BTC?

Posted at 19:58h in Bitcoin News by

[ad_1]

Internal exchange wallet moves, or some other reason, created a mammoth Bitcoin transaction worth $1.4 billion.

Whale Transactions Used as Indicators of Potential Price Action

A new “whale” transaction has been spotted on the Bitcoin (BTC) network, carrying $1.4 billion in value. This amount is equivalent to half the daily transaction value for the entire network, or even the entire value on slower days. This is the first big transaction since a similar move of funds occurred in January.

What is unusual about the transaction is that coins moved were noted by the ByteTree tracking tool. However, whale-watching bots did not broadcast the transaction on social media. It is possible the coins moved are an internal transfer, between large-scale wallets possibly belonging to exchanges.

In the past 24 hours, the BTC network carried a total of about $1.3 billion in value, with even more active days noted. In the past, $1 billion transactions have been noted as a total in three…

[ad_2]

Source link

Tags:
, , , , , ,