Among these transfers, one in particular caught our attention: a $50 million transaction. It involved 500 BTC moving from Binance to an unknown wallet, followed shortly by a near-identical return transaction of 499 BTC worth $50.9 million sent back to Binance.
And there was more. Today, we saw more large-scale transfers, with millions more in Bitcoin value changing hands. A lot of the transactions involved thousands of BTC being exchanged between anonymous wallets.
Some of the figures were pretty big, like 2,600 BTC worth around $265 million, 3,000 BTC equivalent to $305.8 million, and 4,998 BTC worth over half a billion of dollars being moved between various unknown addresses.
One particularly eye-catching transaction saw 1,000 BTC ($102.9 million) shifted from Bybit to an unknown wallet, contributing to the overall surge. In total, tons of Bitcoin changed hands, with a lot of it flowing between wallets that don’t have any identifiable owner or clear intentions.
What makes this activity so unusual is the scale and anonymity. Transactions taking place on a Sunday, which is typically a quieter day for trading, could suggest that there is some strategic planning going on as the market prepares for the week ahead.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
