Whale Moves $2 Billion Worth of Bitcoin

Silk Road-related wallet saw enormous $2 billion transfer in last 24 hours.

Azcnews Whale Moves $2 Billion Worth Of Bitcoin

A notable activity has been observed on the Bitcoin network involving a U.S. government-labeled address linked to the Silk Road seizure. The address, bc1qje…wzde, moved approximately 29.8K BTC, worth around $2 billion, to two new addresses. The first address, bc1qla…2zek, received 9,999.999 BTC, while the second address, bc1qng…kz4c, was credited with 19,799.99 BTC.

This transfer could be attributed to several reasons, such as operational adjustments, fund redistribution, or preparations for future sales. Given the scale of the transaction, it is improbable that these Bitcoins will be sold immediately, as this could adversely impact the cryptocurrency’s price.

Frequently, operational security measures involve redistributing funds to ensure that large amounts are not concentrated in a single address, thus reducing risk. Another plausible reason is the preparation for future sales, possibly aimed at recovering government expenses or reinjecting funds into the economy. To prevent market disruption, large-scale sales are typically avoided.


Currently, Bitcoin is priced around $66,770, facing resistance at the $68,000 mark. Should it surpass this barrier, the chart suggests a potential breakout. At present, Bitcoin is consolidating below the critical resistance level of $70,000. The market sentiment could shift if a government transfers such a large amount of Bitcoin, potentially creating bearish pressure if traders see it as a sign of impending sales.

However, in the short term, the market might remain unaffected if these funds are merely being reallocated for operational or security reasons. Bitcoin’s current price movement indicates a cautious market sentiment following a failed attempt to break the $70,000 threshold.

(1 vote)

5.0/5

(1 vote)
  1. Avatar of Abubakar Ibrahim
    Abubakar Ibrahim

    I’m proud of you

Comments are closed.

Latest

Whales Dump Xrp As $50 Million Floods Out Daily

News | Altcoin | Editor Choice

Whales Dump XRP as $50 Million Floods Out Daily

The relentless sell-off of XRP by crypto whales is shaking the market, with $50 million worth of tokens dumped daily, dragging prices lower and sparking fears of a deeper bearish cycle ahead.

Luxembourg Becomes First Eurozone Nation To Invest In Bitcoin

News | Bitcoin | Editor Choice

Luxembourg Becomes First Eurozone Nation to Invest in Bitcoin

Luxembourg’s sovereign wealth fund has allocated 1% of its portfolio—around USD 8 million—into a Bitcoin ETF, making it the first Eurozone country to officially invest in the digital asset.

Bitcoin Whale Addresses Holding Over 100 Btc Hit Record High

News | Bitcoin | Editor Choice

Bitcoin Whale Addresses Holding Over 100 BTC Hit Record High, Bull Run Through 2026

As Bitcoin whales ramp up accumulation and prices soar to new highs, Citigroup forecasts that the bull market could continue through 2026 — setting the stage for another explosive rally in the world’s largest cryptocurrency.

70% Of Bnb Chain Memecoin Investors Are In Profit

News | Editor Choice | Memecoin

70% of BNB Chain Memecoin Investors Are in Profit – CZ’s “Meme Season” Is in Full Swing

The memecoin wave on the BNB Chain is exploding, with over 70% of investors reporting profits as capital floods in — marking the start of the most vibrant “meme season” ever predicted by CZ.

Paypay Acquires 40% Stake In Binance Japan

News | Editor Choice | Policy & Regulations

PayPay Acquires 40% Stake in Binance Japan

The acquisition of a 40% stake in Binance Japan marks a historic milestone for PayPay, paving the way for the convergence of traditional payments and digital assets, and shaping the future of Japan’s digital finance landscape.

Screenshot 2025 09 10 100533