On-chain analytics firm Santiment reported that the biggest Bitcoin transaction of 2023 took place on March 16. announced. According to shared data, a whale address bought Bitcoin worth $1 billion.
According to Santiment, $1 billion worth of Bitcoin was sent to 3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6. This transaction was recorded as the largest BTC on-chain transaction of the year. Besides that, the address in question had 143,310 BTC in October, was emptied somewhat in November and is now back to 40,141 BTC. November is extra noteworthy at this point, as BTC dropped as low as $15,512 in November 2022 after the collapse of FTX. The whale replenished its balance for the first time since then.
Following this transaction, Bitcoin again exceeded the $26,000 limit and reached its intraday highs of $26,818.
Bitcoin’s (BTC) $26,000 recovery also coincides with significant network growth. to Santiment According to Bitcoin, the network growth rate is improving despite the unpredictable volatility in the crypto markets.
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