Bitcoin whale activity has picked up again as wallet bc1q4h moved 4,500 $BTC worth about $375.72 million after more than four years without activity.
The transfer involved almost the entire balance moving to a new address, with the coins still traceable on-chain. It was not sent to a known exchange, so the transaction does not confirm that the holder is selling.
Reports using Arkham data link the wallet to an older cluster of addresses, while the same 4,500 BTC had been worth around $187 million when it entered the wallet in 2022.
The move could be a custody change or preparation for another transaction, but the holder's exact reason remains unknown.
#Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Correction Incoming?#
The transfer involved almost the entire balance moving to a new address, with the coins still traceable on-chain. It was not sent to a known exchange, so the transaction does not confirm that the holder is selling.
Reports using Arkham data link the wallet to an older cluster of addresses, while the same 4,500 BTC had been worth around $187 million when it entered the wallet in 2022.
The move could be a custody change or preparation for another transaction, but the holder's exact reason remains unknown.
#Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Correction Incoming?#