u.today
Popular blockchain platform Whale Alert, which tracks down large cryptocurrency transactions, has spotted a massive Bitcoin transfer made less than 24 hours ago.
It coincided with the world’s flagship cryptocurrency plunging in a 2.6% price decline.
$255 million in Bitcoin shoveled anonymously
The aforementioned data source shared that a massive 4,000 $BTC valued at $255,255,634 at the time of the initiated transaction were transferred between two anonymous blockchain addresses.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 4,000 #$BTC (255,255,634 USD) transferred from unknown wallet to unknown wallethttps://t.co/ktseVx1tSg
— Whale Alert (@whale_alert) October 7, 2024
Prior to that, the same blockchain sleuth revealed that 2,685 $BTC worth $170,028,061 were transferred by a user from the Bitfinex exchange to Kraken.
In the comments under the first tweet, the Bitcoin community reacted with many excited messages about $BTC and the possible nature of this transaction.
Bitcoin ETF witness large $235 million inflows
As reported by U.Today, on Monday, Oct. 8, spot Bitcoin exchange-traded funds (ETFs) started the week with massive inflows, which totaled roughly $235 million.
Fidelity’s FBTC fund lead the way with $103.7 million coming in, followed by BlackRock’s IBIT: and it was $97.9 million. Ark Invest and Bitwise ETFs saw inflows of $12.6 million and $13. million.
#Bitcoin ETFs now hold 925,266 $BTC, totaling around $59.2 billion! pic.twitter.com/T3IndH7t7P
— Ali (@ali_charts) October 8, 2024
Now, these spot ETFs hold a total of 925,266 $BTC valued at around $59.2 billion, with BlackRock holding the largest piece of this Bitcoin cake. This is almost 5% of the circulating Bitcoin supply, as noted by IntoTheBlock on-chain data aggregator.