The recent price action in Bitcoin left the tokens market capitalization at $577,584,355,049.21. So far this year, Bitcoin has a change of 81.25%.
A large bitcoin investor sent some $330 million in bitcoin (BTC) to crypto exchange Bitfinex on Wednesday, according to blockchain sleuth Lookonchain.
According to Bitcoin blockchain data, the bitcoin “whale” transferred 11,000 BTC tokens to a Bitfinex wallet at a BTC price of $30,114.
The transfer may indicate the investor who controls the wallet is realizing profits after bitcoin’s remarkably strong performance this year.
Blockchain transactions show the wallet had been accumulating BTC between June 2022 and January 2023 at an average price of $20,083, per data by Bitinfocharts, a website that tracks the on-chain behavior of largest bitcoin holders. Until mid-March, the wallet was the 14th largest BTC holder controlling more than $1.2 billion of tokens.
Then, the investor transferred 16,000 BTC ($427 million) on March 17 and 9,500 BTC (266 million) on March 19 from their wallet to Bitfinex.