News Explorer — Bitcoin Whales Moved Nearly $60 Million In Five Days

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Jul 25, 9:32 pm

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Bitcoin Whales Moved Nearly $60 Million In Five Days

Last week, several long-dormant Bitcoin wallets belonging to big investors moved their holdings after years of inactivity. These wallets, dating back to 2010 and 2011, held significant amounts of BTC, with one wallet transferring 1,037 BTC worth $37.8 million. Bitcoin whales, who hoard large amounts of BTC, have been on the move recently, possibly cashing out or shifting holdings to other digital assets.

Last week, several long-dormant Bitcoin wallets belonging to big investors moved their holdings after years of inactivity. These wallets, dating back to 2010 and 2011, held significant amounts of BTC, with one wallet transferring 1,037 BTC worth $37.8 million. Bitcoin whales, who hoard large amounts of BTC, have been on the move recently, possibly cashing out or shifting holdings to other digital assets.

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