Bitcoin’s price remains above $9,800 Dollars when an unknown whale decided it was an ideal time to move over $1.3 billion to BTC.
According to resources obtained from the blockchain data An Unknown Bitcoin (BTC) trader and transferred over 132,255 BTC estimated to be roughly worth about $1.3 billion dollars in just three transactions in less than a minute apart on June 11.
The cryptocurrency was moved to block number 643,133.
The BTC transactions came at the time when the BTC was still and was below the central resistance level of USD 10,000.
So what does a BTC whale mean; Basically a Bitcoin(BTC) whales are those individuals or Firms or any institutions, that hold numerous amount of Bitcoins.
According to blockchain data, at the time of writing the value of 1 BTC was valued at $9,887.
However, it was not the largest BTC transaction:
According to the sources Cointelegraph reported that in April the crypto exchange done by Bitfinex moved 161,500 BTC or $1.1 billion at the time, making it the largest single Bitcoin transaction in history.
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However, Neither Bitfinex nor this whale holds the record of the largest amount removed from the cryptocurrency but this award goes to a 500,000 BTC transaction that was completed on November 16, 2011. It was valued at around $1.32 million at that time, although this amount of bitcoin if liquidated at the present day, it would cost around $4.9 billion.