According to the latest data from blockchain monitoring platform Lookonchain, on February 7, a veteran Bitcoin holder known in the industry as the 'BTC OG Insider Whale' transferred 1,599 BTC (approximately $112 million) to a new wallet address within just two hours.
This movement has sparked widespread discussion within the crypto community, with analysts suggesting that the whale may be preparing for future capital adjustments or asset reallocation.
Whale's On-chain Activity Sparks Interest
The whale has been active in the market since Bitcoin's early days, and its on-chain activities are often seen as a market indicator. This batch of 1,599 BTC comes from its long-held stash, and there has been no sign of further selling yet.
- Transaction time: Completed within 2 hours
- Amount: 1,599 BTC
- Estimated value: $112 million