Bitcoin whale transfers $104 million worth of cryptos

BTC whale moved 9,817 BTC in block 650,862 estimated to be worth about $ 104 million.

Bitcoin whales are keeping up their pace in the last quarter of the year. Data obtained from Bitcoin Block Bot, a crypto analytic tracker, revealed that a BTC whale moved 9,817 BTC in block 650,862, estimated to be worth about $104 million, a few hours ago.

Bitcoin price at the time this report was drafted traded at $10,656.43 with a daily trading volume of $20,848,223,776. BTC price is down -1.5% in the last 24 hours. It has a circulating supply of 19 million coins and a max supply of 21 million coins.

BTC whales have been moving large stacks of BTCs lately, triggered by the third BTC halving that occurred some months ago.

Why it’s happening: Global investors and crypto-traders are now preserving some of their profits in digital assets, as the crypto market is awash with cheap money coming from stimulus packages from global central banks, and global inflation hitting a record high.

While it is difficult to predict market movements, BTC whales have shown historically that they often determine the BTC trend.

Quick fact: At the BTC market, investors or traders who own large amounts of bitcoins are typically known as Bitcoin whales.

This means that a BTC whale would be an individual or business entity (with a single Bitcoin address) that owns around 1000 Bitcoins or more.
As BTC whales accumulate BTCs, Bitcoin’s circulating supply reduces, and this can weaken any bearish trend bitcoin finds itself in.
Meaning that over time, it’s possible that as BTC approaches its fixed supply of 21 million, the price of BTC will go up, with BTC’s present demand factored in.

Source: nairametrics.com

Comments

For my haters

₿ This is for people who told me to not put my money in Bitcoin 10 years ago 😂 RIP doubters and haters. #Bitcoin 💀 pic.twitter.com/sbuDljJtMv — Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger) May 13, 2025

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move does not seem to be going over well with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a FAQ provided by Coinbase , for Canadian users, ...

Jupiter plugin on your site

Jupiter launches Jupiter Plugin , a customizable plugin that doesn't require RPC. PANews reported on August 7th that Jupiter announced the launch of the Jupiter Plugin. This is an open-source, lightweight, plug-and-play version of Jupiter that allows users to seamlessly integrate end-to-end swap functionality into their applications with minimal effort. Users can deploy it by simply adding a few lines of code. Seamless Integration Embed Jupiter's Swap functionality directly into your application without redirection. Multiple display options: Choose between integrated, widget or modal display modes. Customizable options: Configure the exchange form to suit your application needs. No RPC: Plugins can be integrated without any RPC, Ultra is responsible for handling transaction sending, wallet balance and token information. Ultra Mode: Access all Ultra Mode features. Enjoy!

Crypto Ethone

Search This Blog