$822M Bitcoin Moved By Mysterious Whale From Cold Wallets
Portfolio Pulse from Mehab Qureshi
A Bitcoin whale moved over 31,000 Bitcoins worth over $822 million from their cold wallets, which had been inactive since late 2022. This follows unknown Bitcoin wallets transferring over $1 billion worth of Bitcoin in six massive transactions earlier on Wednesday.

May 26, 2023 | 11:18 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
A Bitcoin whale moved over 31,000 BTC worth $822M from cold wallets, following unknown wallets transferring over $1B worth of Bitcoin earlier. This may impact Bitcoin's price in the short term.
The movement of large amounts of Bitcoin by whales can cause price fluctuations in the short term. However, it is difficult to predict the exact direction of the price movement, as it depends on various factors such as market sentiment, trading volume, and overall market conditions. In this case, the score is neutral as the impact on the price could go either way.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100