Bitcoin Whale Accumulation? Four New Wallets Receive 1,540 BTC From Galaxy Digital and BitGo

Four newly created Bitcoin wallets received a combined 1,540 BTC, valued at approximately $99.4 million, from Galaxy Digital and BitGo over the past nine hours, according to blockchain transaction data.

The recipient addresses begin with the prefixes “bc1qdt,” “bc1q95,” “bc1qpl,” and “bc1qna.” The transfers have prompted market observers to characterize the activity as whale accumulation, citing the size of the holdings and the use of newly created wallets.

The transactions occurred while Bitcoin traded near $65,000. At the time of writing, the cryptocurrency was changing hands at $64,727, up 1.2% over the previous 24 hours.

Source: Lookonchain