Bitcoin Whales Just Split Up $5.5B Into Smaller Wallets

Written by flipside-crypto | Published 2020/10/27
Tech Story Tags: bitcoin | whales | crypto-taxes | bitcoin-spotlight | cryptocurrency | hackernoon-top-story | bitcoin-transaction

TLDR Bitcoin Whales Just Split Up $5.5B Into Smaller Wallets. Whale activity is an anomaly compared to regular whale activity. Whales have sent a total of 423,914 BTC to other addresses on the blockchain. That’s equal to 5.5 billion dollars divided up in “smaller wallets” which hold under 1,000 BTC. The smaller transactions are the easiest way to avoid attracting attention from regulatory bodies. Large holders of Bitcoin could also be trying to exchange their BTC without revealing the source or nature of the transaction.via the TL;DR App
no story
Written by flipside-crypto | Business Intelligence for Blockchains
Published by HackerNoon on 2020/10/27
ABOUTHow hackers start their afternoons. We publish tech stories and build publishing software.

READEntirely free library read by hundreds of millions to learn anything about any technology.

WRITEHackerNoon elevates quality technology writing far and wide across the interwebs.

PARTNERHackerNoon works directly with tech companies to place ads by content relevancy