2024

Bitcoin

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A massive new <a href="https://u.today/bitcoin-btc-hashrate-skyrockets-to-historic-high-details">Bitcoin</a> whale has emerged with a single transfer of a staggering 3,073 BTC. Blockchain data reveals that the transfer occurred between two wallets with no prior major activity, suggesting the emergence of a new large holder, or whale.
Whale Alert <a href="https://x.com/whale_alert/status/1860800831479488846">reports</a> that "3,073 BTC worth $297,533,192 transferred from unknown wallet to unknown new wallet."
<blockquote class="twitter-tweet">
 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 3,073 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (297,533,192 USD) transferred from unknown wallet to unknown new wallet<a href="https://t.co/N8I0rX8beA">https://t.co/N8I0rX8beA</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1860800831479488846?ref_src=twsrc%5Etfw">November 24, 2024</a>
</blockquote> 
The transaction has raised questions about whether this is the result of whale accumulation, an over-the-counter (OTC) deal or a whale consolidating holdings.
The identity of this new whale remains unknown, leading to various theories within the community. It might also be a mere wallet reshuffling for security purposes.
In another transaction reported by Whale Alert, "2,142 BTC worth $207,047,015 was transferred from unknown wallet to unknown new wallet," suggesting the emergence of a new Bitcoin large holder, or whale.
<h2 id="bitcoin-price-action">Bitcoin price action</h2>
Bitcoin steadied after a run to $100,000 and fell just short of the record mark. The digital asset sank as low as $95,780 on Sunday, after coming within $300 of reaching the six-figure mark on Friday. At the time of writing, Bitcoin had modestly rebounded to $98,421, up 0.61% in the previous 24 hours.
Traders had seized on the favorable crypto outlook to push Bitcoin to the verge of $100,000, a symbolic level that for crypto supporters repudiates skeptics, who see little intrinsic value in digital assets.
According to on-chain data, the battle for $100,000 still rages on. In a tweet, <a href="https://app.intotheblock.com/?pid=bitcoin_com&amp;utm_source=bitcoin_com_widget">IntoTheBlock</a> highlighted that there is growing support below the current BTC price level: "The battle for $100,000 BTC rages on. While 60,000 addresses acquired 22,740 BTC above the current price, the real highlight is the growing support below: 458,000 addresses have amassed a staggering 344,000 BTC. A strong foundation to fuel a move beyond $100,000."
On the macroeconomic front, the final PCE release is anticipated prior to the Fed’s December meeting, where investors will be searching for clues about the central bank's next policy move. <a href="https://u.today/massive-new-bitcoin-whale-birthed-with-3073-btc-transfer">Read original article on U.Today</a>

Massive New Bitcoin Whale Birthed With 3,073 BTC Transfer

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