Anonymous Bitcoin Whale Transfers 40,000 BTC, Valued At $211 Million, As Price In USD Recovers

Anonymous Bitcoin Whale Moves 40,000 BTC, Valued At $211 Million, As Bitcoin Continues To Recover

As the Bitcoin market continues to recover and industry leaders are starting to share their positive predictions on what’s to come for the market, more news in favor of Bitcoin seems to be flourishing. Based on the claims made by the news outlet, ZyCrypto, a large sum of Bitcoins has been transferred from one wallet to another.

Said move was supposedly conducted by a Bitcoin Whale, where 40,000 BTCs went from one “unknown Bech32 address: bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9 to another […] bc1q5shngj24323nsrmxv99st02na6srekfctt30ch.”

The amount transferred is also deemed the complete holding of the whale – which has been sitting around since February 2018. Interestingly, this wallet was considered the “21st richest wallet,” with it currently sitting at the 22nd position.

ZyCrypto also reported the exchange as showing signs of “acceptance”, especially considering the fact that complete integration with some wallets has been a concern in the past and clearly the transfer is proof that it has now become a problem of the past.

As for what to make of this event, the case made is that it could either be due to “current market recovery from the Tether dip” or it being one of the driving forces that are helping to bring Bitcoin’s value back up. For the time being, Bitcoin is gradually recovering, namely after how brutal 2018 was for the giant. The steady growth could potentially mean a bull run in the making and this is what many industry leaders have been declaring.

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