Massive $903 Million Bitcoin Transfer Stirs Crypto Market: What’s Happening?
Posted On January 12, 2025
In a shock development in the crypto market, $903 million in Bitcoin (CRYPTO: BTC) was moved in several transactions within the last 24 hours, sparking widespread speculation about the intent behind these substantial transfers.
What Happened: The blockchain data tracker Whale Alert tracked 10 distinct high-value Bitcoin transactions. These transactions included the movement of Bitcoin between unidentified wallets and major exchanges such as Kraken, Binance, and Robinhood.
As per the data, among these transactions, 620 BTC valued at $58,495,235, 888 BTC valued at $83,875,225, and 1,027 BTC valued at $96,745,111 were transferred from Kraken to …