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Bitcoin Whale Transfers Over $476 Million to New Wallet

Bitcoin Whale Transfers Over $476 Million to New Wallet

Onchain Lens reports a whale’s recent 800 BTC Bitfinex withdrawal adds to a pattern of large transactions that may influence Bitcoin market liquidity and sentiment.

BTC

Summary

On January 2, Onchain Lens reported a Bitcoin whale withdrew 800 BTC valued at $70.9 million from Bitfinex within 24 hours. The whale has now accumulated 1,000 BTC worth $89.04 million over the last six days. This latest move follows earlier large transactions, including a 5,152 BTC deposit to Binance, a dormant wallet sending 200 BTC to Binance, and a 600 BTC withdrawal from Bybit, highlighting active movement among major holders that could impact liquidity and market sentiment.

Terms & Concepts
  • BTC OG whale: A long-time Bitcoin holder possessing a large amount of the cryptocurrency.
  • Onchain data: Information recorded directly on a blockchain, providing verifiable transaction details.