The price of Bitcoin approached $ 84,000, while a crypto whale, which has been still in motion for about 1.5 years, transferred 300 BTC to Falconx and 1,050 BTC to two different wallets. These large -scale transactions can be a harbinger of new mobility in the markets.
Million dollar transfer from unknown wallet
According to the data provided by Spotonchain, the On-Chain Analysis Platform, an anonymous Bitcoin whale sent a total of 112 million dollars of BTC to different addresses. Within the scope of transactions, 300 BTC, ie about 25 million dollars, was transferred to Falconx. In addition, the whale transferred 1,050 BTC worth 87.5 million dollars to two new wallets. After these operations, the whale address still has 150 BTC (about $ 12.55 million).
The last process of the relevant wallet took place on August 18, 2023. At that time, this address received 1,500 BTC from the price level of 26,353 dollars from the market -maker company Cumberland. The total value of this process was calculated as approximately 39.5 million dollars. The address, which has been still in motion since then, becomes a remarkable development that it becomes active again about two years later.
The fluctuation in Bitcoin price attracts attention
The Bitcoin market has been following a wavy course recently. According to the latest data, BTC is trading at $ 83,553 with a 0.9 %rise. Bitcoin, which has risen to $ 84,693 in the last 24 hours, recently declined to $ 82.060 and exhibited a significant volatility. As of now, the price is trying to find a balance of around $ 83,000.
Bitcoin’s depreciation of 10 %in the past month points out that uncertainty in the market continues. However, the latest whale movements and price fluctuations are interpreted by some investors as a harbinger of a new rise trend. In particular, the increase in the interest of large investors to the market may determine the direction of the price.
CME price gap and its impact on the market
Bitcoin’s reaching a $ 84,000 level caused him to close the price gap on the Chicago Commodity Exchange (CME). The CME gap stems from the difference between the closing and opening prices due to the fact that Bitcoin is not traded on weekends and holidays. Usually the closure of this gap gives clues about the direction of market movements.
According to analysts, the closure of the CME cavity may indicate a new upward trend for Bitcoin. Large BTC transfers, which have recently realized, show that there may be mobility in the market. Such transactions of corporate investors may have a significant impact on the price of Bitcoin. Investors closely follow the price movement of the BTC in the coming days.
