Sunday, September 22, 2019

Did Bakkt move 94500 BTC?, crypto community speculates, Whale Alert

The Takeaway:

More than a billion-dollar worth of bitcoins were transferred from 15 different addresses to a single address. This transaction has left the crypto community speculating what might have triggered the transaction what could be its consequences.

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Whale alert website, which keeps track of big transactions a few hours ago revealed that more than a billion-dollar worth of bitcoins were sent from multiple addresses to a single address. This huge transfer has left the crypto community wondering.

Before the massive transfer, the same unknown account sent 0.3 BTC to the address. The fee charged for the transaction was 0.06 BTC which is just above $700.


Since the transaction, the crypto community has been speculating consequences and might have triggered such a massive transaction. Some have linked the transaction to the Bakkt as they announced earlier that from 6th September they would begin offering the storage of customer bitcoin to prepare for the launch of Bakkt Bitcoin Futures. Transaction onΒ blockchain.info shows that more than 94,000 BTC were sent to a single address from 15 different addresses.Β 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Ramon AnderSon
Ramon AnderSon
Ramon is a senior market research analyst who is very passionate about bitcoin. He has a degree in Applied Science from Assumption College, Worcester.

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