It was determined that the address that had accumulated more than 10,000 Bitcoins in a short time since the beginning of November belonged to the cryptocurrency exchange BitMEX.
To a newly opened address within a few weeks Bitcoin entry worth $427 million, It gave rise to speculation that it might belong to one of the institutions applying for a spot exchange-traded fund (ETF).
Blockchain analysis firm CryptoQuant announced that the address coded bc1qchctnvmdva5z9vrpxkkxck64v7nmzdtyxsrq64 is one of the new addresses of the cryptocurrency exchange BitMEX.
The statement made by the CryptoQuant team said, “This new address received Bitcoin from 450 addresses in total. “These addresses also appear in BitMEX’s proof-of-reserve reports and have the typical bc1qmex prefix.” It was like.
It is estimated that BitMEX has started making external transfers to switch from 3BMEX format to bc1qmex type addresses.