Long Sleep, Whale Bitcoin Starts Rising Moves Thousands Of BTC To New Wallet
JAKARTA - A number of large investors aka whale Bitcoin have been detected as starting to move. After more than three years of no transactions, a whale Bitcoin that stores hundreds of millions of dollars finally surfaced by moving Bitcoin worth more than half a billion dollars, to be exact 530 million US dollars (around Rp8.48 trillion) in Bitcoin (BTC) assets.
Based on data from Arkham Intelligence, the whale moved the BTC it stores to two new addresses. One address received Bitcoin worth US$420 million (around Rp6.72 trillion), while the other address kept 1,000 BTC, which is equivalent to around US$107 million (around Rp1.71 trillion).
This huge Bitcoin movement is in the spotlight among the crypto community. Previously, the whale last transacted in April 2021, and after that there was no activity at all. When large transactions like this occur, many have wondered whether the whale movement will affect the price of Bitcoin going forward. Currently, the price of Bitcoin is around 100,850 (IDR 1.6 billion) per coin.
In addition to the Bitcoin whale movement, Arkham Intelligence also reported the latest Bitcoin purchase by MicroStrategy. This large business intelligence company has just purchased $1.5 billion worth of Bitcoin (approximately IDR 24 trillion) at an average price of US$100,400 (approximately IDR 1.6 billion) per Bitcoin. This purchase adds about 15,350 BTC to their portfolio, which is now recorded to have a total of 439,000 BTC.
Not only MicroStrategy, another Wall Street giant, Fidelity Investments, also increased the number of crypto asset purchases. Recently, Fidelity bought Ethereum worth 250 million US dollars (approximately IDR 4 trillion), representing 16% of the inflow into their Ethereum's ETF (exchange-traded fund) fund. Since then, Ethereum's total inflow into ETF Fidelity reached 1.38 billion US dollars (approximately IDR 22.08 trillion) as of 16 December.