[Nearly $250 million in Bitcoin transfers shocked major U.S. exchanges]
A notable Bitcoin (BTC) transfer worth $231.45 million has recently attracted attention. Whale Alert reported that an entity identified as "bc1qc" transferred 3,250 Bitcoins to the major U.S. cryptocurrency exchange Kraken.
The historical transaction information of "bc1qc" shows that its first transaction occurred in March 2024, when 0.002 Bitcoins were received from an unknown wallet. Subsequently, within a few months, the address conducted multiple exchanges with various unknown addresses. exchange between.
This transfer represents a portion of the wallet’s total holdings. Currently, there are still 20,282 Bitcoins in "bc1qc", worth approximately US$1.44 billion.
Market participants often view such large transfers as a sign that major players are ready to sell. Transferring Bitcoin to high-liquidity platforms like Kraken is a common practice before executing a large sale.
However, it is not yet certain whether the transfer will result in an immediate sale. Considering the large amount of Bitcoin involved, the move could have a significant impact on the market.
Despite this large transfer, the price of Bitcoin remains stable, continuing to trade above $70,000, just 3.75% below its all-time high, demonstrating that market confidence remains strong and institutional and retail investors remain interested.
For now, the focus remains on the remaining large holdings in wallets and the market moves they may trigger.
