Mammoth $2.51 Billion in Bitcoin in Past 20 Hours – What’s Going On?
12/17/2024 18:17Mammoth amount of Bitcoin has changed hands in the past day after Bitcoin’s new ATH, here’s who stands behind this
Mammoth amount of Bitcoin has changed hands in the past day after Bitcoin’s new ATH, here’s who stands behind this
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Analytics account @spotonchain has drawn the crypto community’s attention to two mammoth-sized Bitcoin transfers that have taken place over the last 24 hours, right after the world’s flagship cryptocurrency BTC soared to a new historic peak above $107,000.
Overall, more than two and a half billion US dollars have been transferred. The report revealed big players standing behind those transactions. One of them is the non-functional crypto exchange Mt. Gox.
Mt. Gox and Marathon Digital shovel 23,664 Bitcoins
Spotonchain revealed that two entities have initiated large-sized transactions of Bitcoin, which carried 23,664 BTC in total. That amount of Bitcoin is valued roughly at $2.51 billion in fiat.
The first entity that participated in this was the infamous one of the first crypto exchanges – Mt.Gox. According to the shared data, this platform transferred 1,620 BTC worth $172.5 million over the last six hours. That included one 1,320 BTC transaction to its internal address and 300 BTC to B2C2 Group.
— Spot On Chain (@spotonchain) December 17, 2024Two institutions moved 23,664 $BTC ($2.51B) after #Bitcoin recorded a new ATH, nearing $108K today!
1/ Mt. Gox transferred 1,620 $BTC ($172.5M) in the past 6 hours.
- This includes 1,320 $BTC to an internal wallet and 300 $BTC to B2C2 Group.
- Since Nov 1, Mt. Gox has moved… pic.twitter.com/dsZixK99pn
Since early November, Mt. Gox has shoveled 7,500 Bitcoins (that’s roughly $650 million) to B2C2. Spotonchain believes that the likely goal here was to conduct creditor payouts. As of now, Mt.Gox holds 37,404 BTC in total. That’s equal to $4.02 billion.
The second Bitcoin mover was BTC miner Marathon Digital. It has transferred a much bigger Bitcoin chunk than Mt. Gox – 22,044 BTC valued at a whopping $2.34 billion over the last fourteen hours. That tremendous amount of crypto was spread across forty wallets, which are unidentified.
The Bitcoin miner how holds, $1.54 billion worth of BTC – that’s 14,364 Bitcoins.
"Start buying Satoshis," Robert Kiyosaki says
Investor and financial expert Robert Kiyosaki, also known for his best-selling book “Rich Dad Poor Dad”, published a tweet to highlight Bitcoin’s spike to the new record peak of $107,780.
Kiyosaki stressed that Bitcoin has been holding above $106,000 without going further down. He admitted that while hardly anyone can afford to buy a whole BTC, it is possible to stock up on Bitcoin in particles called Satoshis.
— Robert Kiyosaki (@theRealKiyosaki) December 17, 2024YAY: BITCOIN holding above $106k. YAY again.
The rich get richer. Unfortunately I am guessing…. Fewer than 1 out of 8 million indiviuals can write a check for $106 k. Does that mean only the rich who have $106 in cash will get richer…as Bitcoins price soars higher? No. Of…
Therefore, one can by any amount of them that one can afford. The financial expert stated that this is “the genius of Bitcoin”. Therefore, Kiyosaki urged his followers to begin buying Satoshis before these small Bitcoin particles also soar to $107,000 per unit.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
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