Bitcoins have recently become a target of hackers massive selling pressureThe data on the chain shows that different parties are looking to sell their positions. The data on the chain shows that a dormant Bitcoin wallet The whale transferred more than $6.8 Million in Bitcoins, suggesting they may be selling their tokens.
Dormant Bitcoin Wallet Transfers Funds For First Time In 12 Years
On-chain data This image shows a Bitcoin (1Nxxi), which had lain dormant in obscurity for over 12 years. transferred funds The first transaction took place on 4 July. This wallet held $6.8 Million worth of Bitcoin that was moved into two transactions. A total of 76 BTC (4.46 million USD) were transferred. initially sent From the wallet, 43 BTC (2.46 million dollars) were sent to an unidentified address (3Ctd5). sent The second transaction was made to the same unidentified address.
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In 2012, 2.98 BTC were sent from this address. sent Unknown address The crypto community is concerned about these recent transactions because they indicate that the whale The company in question could be trying to sell its Bitcoin holdings. These events also occur at a moment when Bitcoin faces significant pressure to sell.
In this way, the impact of a large sale could be compounded. Bitcoin’s problems This will lead to a further drop in the value of this flagship crypto. The 119 BTC sent to an unknown address (3Ctd5) is still there, according to on-chain information. The crypto community is relieved, as these tokens had been on their way to an Exchange if the whale wanted to sell off its holdings.
Bitcoin still faces intense selling pressure by other entities including banks. German government. On-chain Analytics Platform Arkham Intelligence revealed The German government has sold Bitcoin worth up to $175 Million. They have transferred 1,300 BTC (76 million dollars) in the past 24 hours to Kraken Bitstamp and Coinbase.
Also, they transferred 1 700 BTC (99 Million USD) to a mysterious address (139Po). Arkham claims that funds transferred to an unknown address (139Po) are most likely deposit for a service institution or OTC.
Mt. Mount.
Defunct crypto exchange Mt. Gox Recently, the company announced it had begun repaying its debts. It has recently announced that it is beginning to repay its creditors. rehabilitation trustee For the crypto-exchange is reported to have made Bitcoin payments to selected rehabilitation creditors via designated crypto exchanges.
It is significant that this news will pile up more selling pressure Mt. Gox is the most popular crypto. Some of these lenders are likely to sell their positions upon receiving their repayment. Mt. Gox will be expected to repay its creditors as much as $9 billion worth of cryptoBitcoin is the most popular of all tokens.
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Bitcoin was trading around $54,300 at the time this article was written, down 7% over the past 24 hours. data CoinMarketCap.
Featured image was created with Dall.E chart, from Tradingview.com
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Source: www.newsbtc.com