More than 94,500 bitcoins ($ 1 billion) were in motion this morning, causing a ruckus in the Twitter crypto community. Such a transaction is one of the largest wealth transfers recorded on the Bitcoin blockchain. According to the Whale Alert transaction tracker, the transfer took place at 03:30: 05 UTC.
Naturally, the crypto community has begun to guess the explanations around such a transaction. In most cases, large transfers in bitcoins are made by switches or other custodian services, but in this case neither the sender nor the receiver has been confirmed. This transaction of more than one billion USD cost 0.06534852 BTC (700 USD) in transaction fees.
According to economist and trader Alex Krüger, the bitcoins that have been moved come from the address containing the most bitcoins, outside the stock exchanges.
Others quickly guessed that these could be customers transferring their funds to Bakkt Warehouse, a cryptographic custody service, before the physically active futures contracts begin on September 23. Bakkt has already announced that its warehouse will begin accepting customer deposits specifically on September 6, and they confirmed it today.
SOURCE:
fr.cryptonews.com