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CryptoIntelligence 2024-03-29 09:07:00

Bitcoin Behemoth Transfers Over $6 Billion, Signaling Institutional Investors’ Growing Faith in Crypto Ahead of Halving

Bitcoin Behemoth Transfers Over $6 Billion, Signaling Institutional Investors’ Growing Faith in Crypto Ahead of Halving

In a significant move within the cryptocurrency community, a notable Bitcoin whale, identified only as “37X,” has shifted an enormous sum of over $6 billion in Bitcoin to three separate addresses, marking the first such transaction since 2019. This transfer saw the whale relocating nearly its entire stash of 94,500 Bitcoin, valued at $6.05 billion as of March 23, leaving a mere 1.4 BTC in the original wallet. The details of this massive transaction were shared by Arkham Intelligence on March 25, stating, “$5.03B BTC was sent to bc1q8yj, with addresses bc1q6m5 and bc1q592 receiving $561.46M and $488.40M in BTC

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