According to recent blockchain data, whales transferred $ 1.67 billion worth of Bitcoin between their wallets as BTC regains $ 61,000 after decline
Whale Alert crypto service, that tracks large transfers of cryptocurrencies, has detected two massive Bitcoin transactions between anonymous whales, carrying a total of almost $2 billion in crypto.
Whales transfer $ 1.67 billion in Bitcoin
The two aforementioned transfers involved 15,100 and 12,006 BTC. This equates to $ 929,007,000 and $ 742,459,249.
According to Whale Alert, these transfers were conducted between crypto addresses with unregistered owners – anonymous crypto whales.
Meanwhile, over the past few days, after the flagship cryptocurrency hit a new high of $ 66,930, it has staged a retracement, falling first to the $ 63,000 area and then to the 60 level. $ 000.
Bitcoin has recovered above $61,000 after that but now it has started declining again. This correction, according to CryptoQuant, is due to short-term holders selling their holdings in BTC.
Bitcoin active addresses and circulation not slowing down
According to data shared by Santiment, despite the correction back to first $61,000 and then to $60,000, the main two metrics for Bitcoin – active addresses and circulation – remain strong for the leading crypto.
China bans Bitcoin ETF data mining
According to Chinese crypto journalist and blogger Colin Wu, China’s largest equity trading platforms, Futu Niuniu and Tiger Securities, have stopped producing market data research results on Bitcoin ETFs.
Data from the source cites by Wu, Chainnews, says that on Tuesday, October 19, the first day when the ProShares Bitcoin futures ETF under the BITO ticker was launched, this was the top hottest stock on Tiger Securities.
Another Bitcoin ETF, launched by Valkyrie, began trading on Nasdaq on Friday.
