

Bitcoin Spot ETF Listed in Less Than 1 Week! 50,000 BTC were suddenly awakened from their slumber
Less than a week after the Bitcoin Spot ETF was launched, nearly 50,000 Bitcoins were awakened from their slumber. This shows that the market demand for Bitcoin is growing and investors are reassessing the value of Bitcoin. This may be because Bitcoin has become more convenient to store and trade, attracting more people to participate. However, investors also need to fully consider the volatility and potential risks of Bitcoin to make prudent decisions.
Less than a week after the Bitcoin Spot ETF was listed in the United States, nearly 50,000 Bitcoins were suddenly awakened. According to on-chain data, these Bitcoins have only been transferred twice in the past 11 years.
According to Arkham Intelligence, an on-chain data tracking platform, a huge transaction activity was initially discovered. Initially, this batch of Bitcoins was dispersed among 40 addresses, but has now been consolidated into 5 addresses. The total number of Bitcoins held is approximately 49,858, with a value of approximately $2.12 billion.
The last two times these Bitcoins were moved occurred in 2019 and 2013.
Arkham released news in the early morning of yesterday (17th) that before the US stock market opened today, US$2 billion of dormant Bitcoins were transferred between multiple associated addresses. According to past data, these Bitcoins usually move on the same day and at the same time.
Suddenly a large number of Bitcoins were transferred, causing the cryptocurrency community to wonder what was behind it.
Usually, "big whales" will regularly transfer assets to new addresses, but due to the huge amount of this transaction and the complexity of the operation, it requires the cooperation of multiple people.
Blockchain company CryptoQuant pointed out that such large-scale transactions are usually completed by large companies.
The company said: Based on the transaction pattern, we speculate that this transfer was performed by an exchange or custodian to move funds from an existing wallet to a new wallet.
Bradley Park, a Web3 analyst at CryptoQuant, deduced after analyzing relevant data that these Bitcoins were likely transferred by Coinbase, the largest cryptocurrency exchange in the United States.
The above is the detailed content of Bitcoin Spot ETF Listed in Less Than 1 Week! 50,000 BTC were suddenly awakened from their slumber. For more information, please follow other related articles on the PHP Chinese website!

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

The cryptocurrency market offers numerous investment opportunities, with Dogecoin (DOGE) and Shiba Inu (SHIB) being popular options among meme coins.

Bitcoin's trajectory has captured the imagination of investors, with ARK Invest's latest research update painting a transformative picture for the cryptocurrency's future.

Jed McCaleb's 2014 departure from Ripple sparked rumors, but was likely part of a strategy.

What if the next meme coin to make serious waves isn't trending yet, but hiding in the shadows of Telegram chats and crypto Twitter threads?

A clear underdog coming into the series thanks to injuries to Miro Heiskanen and Jason Robertson

The virtual currency market continues to display impressive recovery, with alternative cryptocurrencies gaining ground, driven by Bitcoin's recent resurgence.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Dreamweaver CS6
Visual web development tools

SublimeText3 Chinese version
Chinese version, very easy to use

Notepad++7.3.1
Easy-to-use and free code editor

MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

SAP NetWeaver Server Adapter for Eclipse
Integrate Eclipse with SAP NetWeaver application server.
