A Half Billion Dollar Bitcoin (BTC) Transaction Complated !

News about a bitcoin (BTC) transfer of about half a billion dollars has fueled the cryptocurrency market. Ivan Liljeqvist of Ivan on Tech announced that she has detected a huge transaction of 46,835 BTC worth $ 431 million. The cost of moving these BTCs was less than $ 3.00. The buyer's wallet, created in September of last year, has a huge amount of crypto sending and receiving history.

According to experts, the wallet's activities show that the latest transaction may belong to a stock market or carer who owns a large amount of BTC on behalf of their customers. In addition to this huge transfer, Bitcoin whales have remained relatively quiet since the halving event, as BTC is in consolidation in the $ 9,000 range. New data from crypto analytics firm Glassnode shows that the seven-day moving average of Bitcoin whales with 10,000 or more BTC has been at the highest level since August 2019.