- $24.72 million BTC transferred
- 2.8% of Bitcoin’s total market supply moved to known Binance wallet
- Bitcoin records largest market outflow
A number of transactions are taking place in the cryptocurrency market. Since the beginning of the last bear, there have been series of huge BTC movement in the market, however, some bodies are getting us informed of the market influencing transactions (whale transaction).
A recent report revealed the movement of huge BTC after an unbelievable amount was transferred on June 11.
In a whale report by CoinNess, about 3,033 BTC, circa $24.72 million was moved around 13:39:24 (UTC) on June 13, and 548a901d18ead0b8ba532107055833aa694b182c4c62ce3421c6830bb64af07c was revealed as the transaction hash.
However, Bitcoin continues to trend up in the market table. It is about crossing the $8,200 level as at press time, and more is expected in coming hours.
2.8% of Bitcoin’s Total Market Supply Moved to known Binance wallet
As the market began surging, reports have also made known that traders are yet to halt the movement of huge BTC in the market to multiple wallets and exchanges.
On June 11th, it was revealed in a tweet that large amount of Bitcoin worth 496,261.03432146 BTC was moved out of its exiting location to another.
The tweet, while giving evidences of the transaction made known that the fund, transferred in block 580237, is equivalent to 2.8% of the total circulating supply of Bitcoin in the market. Furthermore, 7 transactions which accounted for 82% of the moved fund were relocated to a known Binance wallet.
0/ There was a series of large $BTC transfers in block 580237 for a total output of 496,261.03432146 BTC or 2.8% of the circulating supply. Out of those 407,357 (82%) came in 7 transactions all of which sent some to a known @binance wallet 1NDyJtNT… pic.twitter.com/Vwc9luLJ9w
— Rptr45 (@Rptr45) June 11, 2019
Bitcoin Records Largest Market Outflow Today
Earlier today, Todays Gazette reported the rate of inflow and outflow in the market starting from 00:00 to 10:00 (UTC) on June 13.
The report revealed that Metaverse (ETP), a cryptocurrency presently ranked the 59th largest coin by market cap, registered the largest inflow within the above stated duration with a net influx of over $92 million.
Bitcoin, on the other side, recorded the highest outflow with a discharge transaction of $54+ million within ten hours.
As traders execute a number of transactions on the Bitcoin network, the digital asset continues to trade up in the market, recording a value close to the $8,200 resistance level as at press time.