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- Santiment tweeted that the largest BTC transaction in 4 weeks took place in the last 24 hours.
- Approximately $313.1 million worth of BTC was transferred in a single transaction.
- BTC’s price has fallen since the transaction took place.
The crypto intelligence firm, Santiment, tweeted today that the largest Bitcoin (BTC) whale transaction in 4 weeks took place approximately 8 hours ago. According to the tweet, this whale address went from holding no BTC to suddenly holding an estimated 13,369 BTC. At current prices, this is estimated to be around $313.1 million.
This transfer has had a somewhat negative impact on BTC’s price, which is currently down 0.82% over the last 24 hours according to CoinMarketCap. At press time, BTC’s price stands at $23,330.33. Despite the 24-hour drop in price, BTC’s weekly price performance is still in the green and stands at +1.27%.
Daily chart for BTC/USDT (Source: CoinMarketCap)
The daily chart for the crypto market leader shows that its price has retraced to the 9-day EMA level after the trading volume for the last 2 days was predominantly sell volume.
Momentum is still bullish for BTC’s price, with the 9-day EM…
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