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Home›Crypto›Market Structure›Bitcoin whale transfers $188 million after seven years…

Bitcoin whale transfers $188 million after seven years dormant

On-chain data from The Block says the wallet last moved in 2018, when bitcoin traded around $6,475.

Reported · Written up by our desk · Market Structure

A Bitcoin whale moved about $188 million worth of BTC after a dormancy period of about seven years, according to on-chain data cited by The Block.

The outlet reports that the same wallet last recorded a transaction in 2018, during a period when bitcoin was trading at roughly $6,475.

The Block notes that the move comes after bitcoin’s rise to levels reflecting nearly a tenfold gain since 2018, based on the price reference in its summary.

Latest closeBitcoin $62,757.23 ▼1.6%

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Sources

The BlockBitcoin whale moves $188 million in BTC after seven-year dormancy: onchain data

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