Bitcoin Whale Receives Record $1 Billion in Largest BTC Transaction of 2023
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Bitcoin is on the move again! In the latest news, a single whale address has received a massive $1 billion worth of Bitcoin in what is now the largest BTC transaction of 2023.
The transaction was reported by on-chain analytics firm Santiment, and it has sent shockwaves through the cryptocurrency world. The whale address, 3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6, previously held a high of 143,310 BTC in October before being emptied out in November. But now, it’s back in business with a total of 40,141 BTC.
🐳 A $1B #Bitcoin transaction has been sent to 3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6. This is the largest $BTC on-chain transaction of the year. The address held a high of 143,310 $BTC in October, was emptied out in November, and is now back to 40,141 $BTC. https://t.co/l9K3Qu8J2M pic.twitter.com/1yVJpKqjPK
— Santiment (@santimentfeed) March 16, 2023
Bitcoin Whale Address Replenished
This latest development comes as Bitcoin continues to make gains, reaching intraday highs of $27,020 on March 17th. At the time of writing, Bitcoin is up 5.73% in the last 24 hours, reaching $27,020. The chart posted by Santiment indicates that 40,157 BTC were sent to the whale address, which holds more than 1 BTC for the first time since November 2022.
Bitcoin’s rollercoaster year has been anything but dull. After plummeting to lows of $15,512 in November 2022 following the collapse of FTX, the cryptocurrency started a rebound in January 2023 before the rally somewhat paused in February. But with this latest whale transaction, Bitcoin seems to be back in the game with renewed investor confidence.
As the largest cryptocurrency by market capitalization, Bitcoin has seen its fair share of ups and downs. But it seems that despite the occasional bumps in the road, Bitcoin’s long-term prospects remain strong. Who knows what the future holds? But for now, Bitcoin’s upward trajectory is a reminder that the world of cryptocurrency is always full of surprises.
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