CandleFocus Mysterious 4,000 BTC Transfer Heats up Intrigue for Crypto Community
2024-10-08
Author: Content Editor
Whale Alert, a blockchain platform that tracks large cryptocurrency transactions, has detected a massive Bitcoin transfer of 4,000 BTC worth $255 million. This transfer occurred as Bitcoin experienced a 2.6% price decline. Prior to this, 2,685 BTC worth $170 million were transferred from Bitfinex to Kraken. The Bitcoin community reacted with excitement and speculation about the nature of these transactions. Additionally, spot Bitcoin exchange-traded funds (ETFs) saw significant inflows totaling $235 million, bringing the total amount held by these ETFs to 925,266 BTC worth approximately $59.2 billion. BlackRock currently holds the largest portion of this Bitcoin supply.
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