One Wallet Moved 48,000 BTC Into Two Other Wallets With No Other Transactions

One Wallet Moved 48,000 BTC Into Two Other Wallets with No Other Transactions

  • One wallet sent 48,000 BTC, pushing one of the recipients to be the 14th biggest Bitcoin wallet.
  • Bitcoin is trading at $7,007.

Bitcoin moves all of the time, but the big transactions from Bitcoin whales get a lot of attention. According to the Bitcoin blockchain, one wallet recently moved a total of 48,000 to two separate wallets, which was enough to attract the attention of AMB Crypto and other publications. In performing this transaction, one of the recipients now holds the 14th largest Bitcoin wallet.

The sending wallet has held onto the 48,000 BTC since December 29th last year. By transferring the BTC to the other two wallets, the sending wallet is now empty.

There has been a lot of talk about the price of Bitcoin lately, considering that the last time a bull run came through was the 2017 rally. There are some people who believe that this could be a short-term run, but others believe that the rally will turn into a dump of Bitcoin after Binance’s withdrawals and deposits are reopened. They were closed after a hack on the platform, as the company said the processes will be reopened after a week-long investigation.

There are some people who believe that the rally currently in place with Bitcoin is much like the circumstances surrounding the lawsuit that Bitfinex put down against Bitfinex. The lawsuit resulted in a doubled price of Bitcoin. Twitter user “Bitfinex’ed” pointed out that the price doubled after the “super secret sauce” bank of Bitfinex shut down after they were sued by the New York Attorney General. The account added,

“We know how this ends.”

Presently, Bitcoin is trading at $7,007.80, despite losing 1.88% over the last 24 hours.

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