$8.6B Bitcoin Whale Transfer Shows No Signs of Sell-Off: Arkham

Roger Ver Eyed As Culprit In Over $8B Bitcoin Transfers From Satoshi Era Wallets

Crypto whale watchers linked the recent 80,000 BTC transfers of eight Satoshi-era wallets to early Bitcoin investor Roger Ver. The entire cryptocurrency community was recently rocked by the huge wave of Bitcoin (BTC) transfers by Satoshi Nakamoto-era wallets. As the US met the fourth of July with fireworks, crypto news feeds exploded as eight connected wallets consecutively moved a total of 80,000 BTC worth around $8.72 billion at the time of th…

Bitcoin Whale Moves 80,000 BTC in Address Upgrade, Not Sell-Off, Analysts Say - WorldNL Magazine

TLDR: A Bitcoin whale moved 80,000 BTC from legacy to SegWit addresses for improved wallet compatibility. No BTC has been sent to exchanges, suggesting no immediate liquidation intent. The brief price dip reversed quickly after analysts flagged the move as non-threatening. Analysts caution that upgraded addresses allow easier selling in future scenarios. Bitcoin markets briefly reacted after a massive 80,000 BTC transfer sparked speculation acr…

Bitcoin Whale Moves 80,000 BTC in Address Upgrade, Not Sell-Off, Analysts Say - Blockonomi

TLDR: A Bitcoin whale moved 80,000 BTC from legacy to SegWit addresses for improved wallet compatibility. No BTC has been sent to exchanges, suggesting no immediate liquidation intent. The brief price dip reversed quickly after analysts flagged the move as non-threatening. Analysts caution that upgraded addresses allow easier selling in future scenarios. Bitcoin markets briefly reacted after a massive 80,000 BTC transfer sparked speculation acr…

Hack, Government Deal, or Upgrade? $8.6 Billion Bitcoin Transfer Sparks Theories – MAXBIT

A massive Bitcoin transfer involving $8.6 billion worth of BTC, spread across eight wallets untouched for over 14 years, has ignited a wave of speculation within the crypto community. The transfer, which occurred on July 4, involved the movement of 80,009 BTC. This raised concerns about potential market impact, and possibilities of a government settlement...

Bitcoin whale moves $8.6 billion in BTC, likely for address upgrade, not selling

According to blockchain intelligence firm Arkham, the Bitcoin whale who recently moved $8.6 billion in BTC for the first time in over 14 years likely has no intention to sell. The firm believes the whale transferred their assets for an address upgrade. In an X post, the firm said, “Yesterday’s $8 billion transfers were possibly related to address upgrades, moving from 1-addresses to bc1q-addresses. There are no indications that this whale is sel…

Arkham: $8.6B Bitcoin Whale Transfer Likely Not a Sell-Off

Blockchain intelligence firm Arkham has clarified that the recent $8.6 billion worth of Bitcoin moved is unlikely heading toward a sell-off. The post Arkham: $8.6B Bitcoin Whale Transfer Likely Not a Sell-Off appeared first on TheCoinrise.com.