Dormant whale moves $1 billion in Bitcoin as market sits 50% below peak

AI Summary A lone Bitcoin transaction has ended a prolonged period of silence lasting seven months. According to blockchain tracker Lookonchain, a wallet containing 16,400 BTC, equivalent to $1.04 billion, made the transfer of its whole balance on August 3. This transfer coincides with the price of Bitcoin being approximately $62,800, which is almost 50 percent lower... fulltext: 361 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/1b-bitcoin-whale-woke-up-where-headed/ Source: CryptoPolitan