According to the data published by the popular data analysis platform Santiment, the largest Bitcoin (BTC) transfer in recent weeks was carried out.
Popular on-chain platform Santiment, known for its fundamental data work for the crypto industry, has released a data release that may cause concern. This published data shows that 13,370 Bitcoins (BTC) have been moved to another wallet address.
The Purpose of the Giant Bitcoin Transfer Is Unknown
One of the important items of the crypto industry that should be followed is wallet transfers. With these transfers, serious changes can be observed in the crypto market market. In large amounts of BTC transfers, situations such as the sale of BTC or the conversion of BTC to altcoins may occur when the price is predicted to decrease. The 13,370 BTC transfers made by the whale are worth approximately $313.1 million for the current price.
https://twitter.com/santimentfeed/status/1621701733218160641
After this transfer, there was a 0.37 percent decrease in BTC value. The purpose of this transfer made by the BTC whale remains confidential. With the rise in the crypto sector in recent weeks, big data continues to emerge.
As the price for Bitcoin continues to rise, experts state that future data by the on-chain should be followed.
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