#BTCWhaleMovement
Blockchain intelligence firm Arkham says the recent $8.6 billion in Bitcoin that was moved on Thursday for the first time in over 14 years doesn't appear to be heading for a sell-off.
"There are no indications that this whale is selling Bitcoin," Arkham said in an X post on Friday. Arkham added that the eight transfers which moved 10,000 Bitcoin at a time from eight wallets that were untouched for over 14 years may be possibly due to the owner upgrading from the original legacy wallet to a Native SegWit address, which is said to have improved security and lower fees.
Blockchain intelligence firm Arkham says the recent $8.6 billion in Bitcoin that was moved on Thursday for the first time in over 14 years doesn't appear to be heading for a sell-off.
"There are no indications that this whale is selling Bitcoin," Arkham said in an X post on Friday. Arkham added that the eight transfers which moved 10,000 Bitcoin at a time from eight wallets that were untouched for over 14 years may be possibly due to the owner upgrading from the original legacy wallet to a Native SegWit address, which is said to have improved security and lower fees.