Cryptocurrency

Bitcoin impressed: BTC whale moves 57.577 BTC ($415 million!) for just five dollars

There are no Bank comes with: A Bitcoin-whale has just 57.577 BTC to the value of around $ 415 million (!) from an external Wallet to Bittrex transfer. The fee for the Transfer amounted to a mere $5.
In the case of large Bitcoin Transfers, it has given today an upward trend, which fueled rumors in the crypto-sphere. Whale Alert (@whale_alert) reported that BTC is worth about $ 313 million from Bittrex was lifted.
However, a further massive Transfer of BTC on just-chain registers – which in turn was deposited with Bittrex. So a whale has far 57.577 BTC (415 million dollars) from an unknown Wallet and Bittrex paid.
The total fee for the transaction was, as already mentioned, only $5.

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What’s up with the BTC whales to yourself?

The Transfer for various reasons it was strange. Interestingly, the transaction came to a total of 19 Bitcoin addresses, each with a different amount of BTC. They landed all in this recipient’s address, which now contains the 57.577 BTC.
The address of around 54 recorded transactions appear to be active, but was created only recently. The first recorded transaction was on 27. November 2019, and probably belongs to Bittrex.
Whale Alert does not mark the address as one of Bittrex, but the thing is so clearly. The On-Chain-analyzer had initially claimed that it was an “unknown Wallet”, corrected the but.
The Deposit, particularly in view of the fact it is strange that just 313 million $ BTC were lifted from Bittrex. Some of the funds that had lifted the whale early today from Bittrex, have been returned from this address on Bittrex.
This may indicate that both of these massive Transfers, can hang with Bittrex together yourself – or someone just plays games on the Blockchain to start the Bots.
Although a fee of five dollars for a wire Transfer at a value of 415 million dollars for any Standard impressive, they let in comparison to a transaction from last week: As a User moved a proud of 46,000 BTC ($337M) for a fee of only $0.40 each.

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About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.