The post Massive New Bitcoin Whale Birthed With 1,300 BTC Shift: Details appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. According to on-chain data, a massive new Bitcoin whale has emerged following the move of 1,300 BTC to a fresh new wallet. According to Whale Alert, “1,300 BTC worth $133,718,542 was transferred from unknown wallet to unknown new wallet” in recent hours. A similar trend was noticed across the markets in the last 24 hours, with Lookonchain reporting that a newly created wallet withdrew 400 BTC worth $41.2 million from Binance. Withdrawals from exchanges signal to buy, while deposits imply an intent to sell. Bitcoin (BTC) surged to intraday highs of $103,368 on Tuesday, sparking advances across the crypto market after breakthroughs from China’s DeepSeek caused a sharp drop in U.S. indexes on Monday, triggered by fears over the overvaluation of its AI investments. Related At the time of writing, BTC was up 4.10% in the past 24 hours to $102,881, easing losses from Monday, which saw over $1 billion in futures liquidations. While the proportion of wealth held by new Bitcoin investors continues to rise, Glassnode notes that at 50.2%, the proportion of wealth held by new Bitcoin investors (within the last 24 hours to three months) is much lower than levels recorded during past ATH cycle highs: peaks in 2018 and 2021 were 85% and 74%, respectively. Bitcoin gaining attention Bitcoin, the most valuable cryptocurrency…