Unusual $100 million Bitcoin transactions on major exchange, hinting at strategic institutional moves

From Investing.com

December 15, 2024 12:30 PM:

Over the weekend, over a billion dollars’ worth of Bitcoin shifted between wallets on a major exchange, with a $50 million transaction catching attention. Large-scale transfers continued, involving millions more in Bitcoin value, including transactions worth hundreds of millions of dollars between anonymous wallets.

The surge in Bitcoin transactions coincided with a 1.5% price increase, reaching $103,000. The scale and anonymity of these transfers are unusual, especially for a Sunday, hinting at strategic planning amidst market shifts. This activity suggests significant moves by institutional players gearing up for the week ahead.

Read more at Investing.com: World’s Largest Exchange Sees Abnormal $100 Million Bitcoin (BTC) Activity By U.Today