The newest data from Whale Alert indicates a rise in huge individual Bitcoin transfers to and fro unknown wallets. A noticeable recent transaction involved the movement of 14 000 Bitcoins to some mystery digital wallet. This amounts to some $319 million in fiat currency.
Whale Alert revealed that the BTCs were transferred on the 21st of July at 13:57 UTC, whose data was recorded by Blockstream.info.
Coinmarketcap.com, another reliable online crypto source, states that 14% of the entire crypto supply is held by the top 100 BTC addresses. This data indicates how important crypto whale activity is across the board for both BTC and cryptocurrencies.
And yet, institutional BTC owners’ area of dominance has been decreasing over time caused by Tesla’s crypto holding dump. Reports reveal that publicly listed companies hold around 200 000 BTC, which is just a little over 1% of the entire supply.
BTC has never truly recovered from its record all time high of November last year. Since then, the coin is down by some 65% from that November. Despite the whale transactions, the median volume of transactions has decreased, and so have the active addresses.
Meanwhile, Bitcoin and crypto scammers are on a rampage despite the increased efforts of global regulators to curb these tendencies. More and more crypto scammer tactics are being applied to aggressive social media promotions and retail client solicitations.