Bitcoin News and Finance
Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active Exchanges Skip to main content

Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active Exchanges

Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active Exchanges

Two days ago on November 30, the price of bitcoin (BTC) tapped a high that day reaching $59,250 per unit, but it has since dropped close to 5% in value to just above the $56K region. Onchain statistics indicate that whales and long-term holders (LTHs) have been spending over the last month and blockchain parsers have witnessed enormous movements in recent days.

Btcparser 3 Spots Droves of Bitcoin From Cold Wallets Move to Active Exchanges

On the first two days of December, there have been some massive bitcoin (BTC) whale movements stemming from long-term bitcoin holders. On Thursday morning, the creator of the web portal Btcparser.com explained that “significant amounts of bitcoin were taken out from cold wallets and moved to active exchanges.”

The onchain action was caught by the blockchain parsing tool Btcparser 3, a tool that analyzes each and every new bitcoin block by getting detailed information about all transactions within it. “The bot uses groups of 100 blocks and identifies all wallets that sent or received a total exceeding 1,000 bitcoins during that time,” explains the parsing tool’s website.

On December 1, Btcparser 3 caught some major onchain action, which saw the movement of thousands of bitcoins during the course of the day. For instance, on Wednesday the parser caught the movement of 15,074 BTC or $849 million, 6,970 BTC moved, and thousands more BTC spent as well.

Then the following day on December 2, monster-sized bitcoin transactions were caught by Btcparser 3. This transaction on Thursday saw a whopping 36,645 BTC deposited and 10,547 BTC left the wallet. That’s more than $2 billion worth of bitcoin in USD value, and the address spent more than $28.2 billion in bitcoin (BTC) during its lifetime. At 1:59 a.m. (EST) on Thursday, Btcparser 3 caught 15,074 BTC or $849 million move.

Glassnode Report Shows Long-Term Holders Are Spending Bitcoin Holdings — ‘Key Active Whale Addresses Are Content’

In addition to Btcparser 3 catching two days worth of major whale movements, Glassnode’s most recent insights report, “Week Onchain 48,” establishes that long-term holders (LTHs) are “spending some of their holdings.” Glassnode’s report notes that this action has been prominent during the last 30 days.

“Shifting our focus to [LTHs],” Glassnode’s report details. “We can see that there has been a reasonably continuous rate of spending over the last month. From the peak of 13.5M BTC in holdings, LTHs have spent (assumed distributed) 150K BTC, equivalent to around 5.8% of the volume accumulated since March 2021.”

Crypto advocates have been discussing major whale movements on forums and bitcoin whale commentary is littered all over social media. The crypto analytics firm Santiment also tweeted about this past month’s whale action on November 23.

“Bitcoin’s key active whale addresses that hold between 100 to 10K BTC are content after accumulating a total of ~40K more BTC on last week’s dip,” Santiment said. The company also shared its weekly report as well, which discusses whale action and “ the growing bearish sentiment (& why it’s a good thing).”

What do you think about the recent bitcoin price action, whale movements and the current bearish sentiment? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory