Whale Transfers 1,470 BTC Worth $163 Million From Binance
According to Lookonchain, whale bc1qd3 acquired 3,195 BTC valued at about $356.6 million within three hours, illustrating the substantial influence of large holders on cryptocurrency market conditions.
BTC
Summary
Lookonchain data identified whale bc1qd3 as having accumulated 3,195 BTC in the past three hours, worth approximately $356.6 million at current market prices. The rapid acquisition underscores the impact large-scale holders can have in shaping liquidity and potential price movements in the Bitcoin market.
Terms & Concepts
- Whale: A term used to describe individuals or entities that hold large amounts of cryptocurrency, capable of influencing market prices.
- BTC: The abbreviation for Bitcoin, the first and largest cryptocurrency by market capitalization.