Is This One of the Reasons for Today’s Big Drop in Bitcoin? There are 535 Million Dollar Transactions!

cryptocurrency Data provided by analytics company Arkham shows that a wallet that has been dormant for a long time has a large amount of money. Bitcoin reveals that he carries

According to data, a cryptocurrency wallet that had been dormant for 5.5 years without any movement moved 8,000 Bitcoins, which corresponds to approximately $535 million, at the time of writing.

The data shows that the BTC assets in question were distributed across a number of different cryptocurrency wallets, four of which belonged to Binance deposit addresses. The amount transferred to Binance was recorded as 1,416 BTC.

The giant whale wallet paid approximately $108 in fees for the transfer of the $535 million BTC in question.

The overall cryptocurrency market witnessed an unexpected decline today. Bitcoin, the world’s largest cryptocurrency, has decreased by approximately 4.57% in the last 24 hours. With the decline, the BTC price fell below $ 67,000 and is trading at $ 66,588 at the time of writing.

It is thought that the general reason for the decrease is that both CPI and interest rate decision data will come from the USA tomorrow.

*This is not investment advice.

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