A new Bitcoin whale has emerged with a staggering transfer of 3,073 BTC, valued at approximately $297.5 million, according to blockchain data. The transfer occurred between two previously inactive wallets, sparking speculation about the identity and intentions of this new large holder. Whale Alert reported the transaction, noting the substantial amount moved from an unknown wallet to a new, unverified one, raising questions about whether this is part of a whale accumulation, an over-the-counter (OTC) deal, or a consolidation of holdings.
In a second reported transaction, Whale Alert tracked another large transfer of 2,142 BTC (worth around $207 million), further fueling speculation about the growing presence of big Bitcoin holders. The identity of these new whales remains unknown, and some theories suggest these movements could be simply wallet reshuffling for security purposes.
Meanwhile, Bitcoin’s price action has remained volatile, coming close to hitting the coveted $100,000 mark before retreating. The digital asset briefly dipped to $95,780 on Sunday after a push toward the six-figure milestone on Friday. However, Bitcoin has since rebounded slightly, trading at $98,421, up 0.61% in the last 24 hours.
Traders have been optimistic about Bitcoin’s long-term outlook, with a push toward $100,000 seen as a key psychological level for both crypto enthusiasts and skeptics. On-chain data from IntoTheBlock highlighted strong support below Bitcoin’s current price. According to the data, 60,000 addresses have accumulated 22,740 BTC above the current price level, while 458,000 addresses hold a combined 344,000 BTC beneath it, forming a solid foundation that could help propel Bitcoin beyond the $100,000 mark.
On the broader macroeconomic front, investors are closely watching the final Personal Consumption Expenditures (PCE) data set to be released before the Federal Reserve’s December meeting, which may offer insights into the central bank’s next policy moves.
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