CandleFocus

Massive New Bitcoin Whale Birthed With 3,073 BTC Transfer

Author: Content Editor
A new Bitcoin whale has made a significant transfer of 3,073 BTC, totaling $297,533,192. The transfer between two previously unknown wallets has raised speculation about the emergence of a new large holder. It is unclear whether this is a result of whale accumulation, an OTC deal, or simply a reshuffling of wallets for security purposes. Another transaction involving 2,142 BTC worth $207,047,015 suggests the presence of another new whale. Bitcoin recently fell just short of the $100,000 mark but has since rebounded slightly. On-chain data suggests there is growing support for Bitcoin below its current price level, indicating a strong foundation for a potential move beyond $100,000. The upcoming final PCE release and the Fed's December meeting will be closely watched for clues about the central bank's next policy move.

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