Record $665M Bitcoin Transaction Sparks Miner Selling as BTC Price Holds Above $42K
- Largest Bitcoin transaction of 2024 occurred, worth $665.3M and consisting of 42,870 BTC
- Transaction happened in span of 1 hour, marking busiest Bitcoin transfer hour in 6 months
- Bitcoin miners actively selling stash recently, selling over 10,000 BTC on Jan 17
- Miners tend to accumulate Bitcoin when prices low, sell when prices & profitability higher
- Bitcoin price hovering between $42K-$43K currently after transaction and miner selling
