A Deal for More than $1 Billion Took Place on the Cryptocurrency Market

A Deal for More than $1 Billion Took Place on the Cryptocurrency Market

The Whale Alert bot, tracking all major transactions in the cryptocurrency market, said on Twitter that 94,500 BTC, which at the current rate is more than $1 billion, have been transferred to an unknown wallet.

https://twitter.com/whale_alert/status/1169815776733220866

The amount was sent there from 15 different wallets. 56% of the amount was transferred from one, the remaining funds came from other addresses.

After the transfer, this wallet took fourth place in the number of coins that are on it, and first place, if not to take into account wallets connected with cryptocurrency exchanges.

Experts say, this transfer may be any major player`s attempt in the cryptocurrency market to transfer money from BTC, which with this amount can lead to chaos in the market.

In addition, some experts believe that this transaction may be connected with the Bakkt cryptocurrency platform, which will be launched on September 23.

Max Keiser, head of the Heisenberg Capital venture capital fund, agrees with the involvement of institutional investors in such a large transaction. He believes that now large investors are laying the foundation for further actions in the market. However, it is also possible that this is a normal transfer between wallets.

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