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$4,900,000,000 Bitcoin Whale Initiates Massive BTC Transfers As Crypto Market Dips
The world’s richest non-exchange Bitcoin (BTC) whale is accumulating BTC amidst a widespread crypto market pullback.
The wallet, which by itself umia the largest trove of Bitcoin next to crypto exchange giants Binance ma Bitfinex, is buying more BTC as the price of the flagship cryptocurrency continues to trade below the $40,000 mark.
Ae faimai foi faʻamatalaga from crypto tracking website BitInfoCharts, the deep-pocketed investor snapped up 318 BTC and 412 BTC on March 8th and 9th respectively when the latest crypto market downturn began.
A'o le'i faia lena mea, na fa'atau atu e le tagata e umia le crypto le 1,500 BTC i le taimi o se fa'apotopotoga pupuu i le amataga o Mati ina ua fa'atupula'ia le aseta pito i luga o le maketi i le $43,900, o se tau e le'i va'aia talu mai le amataga o Fepuari.
O le crypto whale o loʻo umia nei e tusa ma le 126,000 BTC lona tau e $ 4.9 piliona i le taimi o le tusitusi.
I se lipoti na lomia i le vaiaso talu ai, o le kamupani crypto insights, Santiment, o loʻo taʻua e le aufaipisinisi a le BTC o loʻo faʻanofo ese a latou faʻatau mai fefaʻatauaiga, lea e mafai ona faʻaalia ai se faʻasalalauga i le lumanaʻi mo le aseta numera sili.
#Bitcoin o loʻo faʻaauau pea le vaʻaia o tupe siliva o loʻo alu ese mai fefaʻatauaiga a o tau e latalata ile 6-masina i lalo. O le mea e malie ai, 21 o le 26 vaiaso talu ai na vaʻaia $ BTC moving more off of exchanges than on to exchanges. Look for major outflow spikes as price rise indicators. https://t.co/Jl0GZqfBlF pic.twitter.com/6Btqp4F7Vl
- Santiment (@santimentfeed) Mati 7, 2022
O le kamupani Fai mai that crypto exchange platforms are now seeing the lowest ratio of Bitcoin supply they have in three years, which could mean the king crypto will face lower sell pressure in the future.
"Bitcoin’s cumulative supply sitting on exchanges has continued its encouraging slide downwards, reaching all the way to 10.76%.
Ole fua maualalo lea ole BTC sapalai i fefa'ataua'iga talu mai Novema 2018. E masani lava, o le fa'aauau pea o le pa'u o lo'o fa'aalia ai le fa'aitiitia o le lamatiaga o fa'atauga i le lumana'i.
Bitcoin is exchanging hands at $38,743 at time of writing, an 8.7% decrease from its seven-day peak of $42,438.
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Le pou $4,900,000,000 Bitcoin Whale Initiates Massive BTC Transfers As Crypto Market Dips faʻaalia muamua Le Aso Taʻitasi Hodl.
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