$822M Bitcoin Moved By Mysterious Whale From Cold Wallets

A Bitcoin BTC/USD whale on Thursday moved over 31,000 Bitcoins worth over $822 million, from their cold wallets.

What Happened: According to a blockchain intelligence firm Arkham Intelligence, the BTC holdings of the whales trading firm were in wallets that had remained inactive since late 2022. 

These wallets received a substantial sum of 21,600 BTC directly from popular exchanges Binance and Huobi in early October 2022.

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Why It Matters: Earlier on Wednesday, unknown Bitcoin wallets transferred over $1 billion worth of Bitcoin to unknown wallets in six massive transactions.

According to Whalealert, an on-chain tracker, anonymous wallets on Wednesday transferred large amounts of Bitcoin. Specifically, five unknown wallets transferred 7,206 BTC in total to a single anonymous wallet.

In addition, a sixth transfer also moved an equivalent amount of Bitcoin but to a different anonymous wallet. This means a total of 43,236 BTC Bitcoins were transferred, worth $1.13 billion at current market prices.

Price Action: At the time of writing, BTC was trading at $26,447, up 0.94% in the last 24 hours, according to Benzinga Pro.

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