New Wallets Flooded with $127M in Bitcoin as Price Remains Below $65K
A series of large Bitcoin transactions has taken place in recent days, with several newly created wallets receiving significant amounts of BTC. According to blockchain analytics platform Lookonchain, four new wallets - bc1qdt, bc1q95, bc1qpl, and bc1qna - received a combined 1,540 BTC worth approximately $99.4 million from Galaxy Digital and BitGo.
These transactions were followed by another withdrawal on the same day from Binance involving a wallet called 'bc1qaq', which withdrew 434.87 BTC valued at about $27.96 million in a single transaction.
The total value of these transactions comes out to around $127.36 million, making it a substantial transfer of Bitcoin in recent days.
At the time of this update, Bitcoin was trading below $65,000, down 1% over the previous 24 hours.