Cryptocurrency holds record-breaking bitcoin transactions for nearly $ 2 billion in just 5 minutes

The popular crypto analytical service Whale Alert has recorded four large transactions with the flagship cryptocurrency BTC $98,436.70 Bitcoin -0.40% Market capitalization $1.95 trillion VOL. 24 hours $3.56 billion . The transfers are probably not related to each other, but it attracted the attention of experts because they all happened almost simultaneously — more than $ 1.73 billion in bitcoin (BTC) was sent from 4 anonymous wallets in 5 minutes.

One by one, transfers were made for 10,486 BTC ($ 450.33 million), 9,445 BTC ($ 405.63 million), 11,115 BTC ($ 477.58 million), and 8,859 BTC ($ 380.65 million). Numerous traders have suggested that all transactions were made by a single owner who keeps his digital assets at several addresses.

According to X platform users, it could be an institutional investor or some large entrepreneur. Some have suggested that MicroStrategy CEO Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor may be involved. Others have started discussing whether this will affect BTC quotes.

Whale Alert is a service for monitoring and tracking large cryptocurrency transactions. It provides real-time information on large transfers and the movement of digital assets based on data from blockchain networks.

The platform uses algorithms and automated tools to detect and track transfers that exceed a certain predefined amount. When such a transaction occurs, the service sends notifications to subscribers through various communication channels, such as X or Telegram.

At the time of writing, bitcoin is trading at $ 42,704 with a market capitalization of $ 836.9 billion. Traders made daily trading deals worth $ 24.3 billion. BTC’s dominance on the market amounted to 49.7%. The Fear and Greed Index is heading for a pessimistic range of 63 points.