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Whales In The Market

A large anonymous whale moved $ 95 million to Bitcoin, paying less than a dollar in fees.

Relatively recently, an anonymous Bitcoin holder sent some of his coins from one anonymous wallet to another.

The transaction was worth $ 95,000,000 in Bitcoin (10,250 BTC). The transfer fee was just over $ 0.50. Holders of such massive amounts of crypto are often accused of manipulating the market, as they have the opportunity to push the price of an asset much lower by selling their fortune.

Two huge Bitcoin transfers have recently been reported. One was worth 101,857 or $ 900 million and the other was worth 21,800 BTC or $ 200 million. These significant amounts of Bitcoin may have been moved by exchanges, custody services, or simply a whale moving funds between wallets. 

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