He sent 10 000 BTC of this amount to the Bitfinex cryptocurrency exchange

Unknown user transferred $1,34 billion worth of bitcoins with $16 fee

16.07.2022 - 09:45

399

1 min

What’s new? On July 15, an unknown user transferred 64 300 BTC ($1,34 billion at the time of the transaction), while a transaction fee was 0,00077850 BTC ($16,1). Of this amount, he sent 10 000 bitcoins ($206 million) to the Bitfinex cryptocurrency exchange. As of July 16, 09:55 UTC, the asset is trading at $20 617, down by 1,47% in 24 hours, according to Binance.

Data on the GetBlock blockchain explorer

What happened before? Between June 14 and 18, the largest over-the-counter bitcoin holder added 2554 BTC worth around $52 million. In total, he has 130 227 bitcoins in his account, accumulations amount to 0,68% of the current supply of the asset.

According to analysts at Santiment, the market downturn has triggered a rise in institutional bitcoin investors. The rise in the number of holders holding more than 10 000 BTC began in February, while an increase in the number of addresses holding between 10 and 10 000 BTC began in June.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy