Posted 11/30/2023, 9:56:13 PM
Mystery Whale or Exchange? $450M Bitcoin Wallet Sparks Speculation Over Accumulation Ahead of Potential ETF
- A Bitcoin wallet with over $450 million in BTC has received tens of millions in recent weeks, sparking speculation of a whale accumulating
- Crypto influencers are hyping the idea of a mystery institutional investor buying ahead of a potential Bitcoin ETF approval
- However, blockchain analysts think it's more likely an exchange consolidating funds into cold storage
- The wallet only shows incoming transactions and shares links to BitMEX exchange wallets
- Blockchain transactions often draw speculation when large, anonymous wallets move big sums of Bitcoin