• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Secret $1 Billion Bitcoin Transfers Between Unknown Wallets

user avatar

by Giorgi Kostiuk

a year ago


  1. Unexplained Transfers
  2. Possible Fidelity Custody Involvement
  3. Impact on Bitcoin Market

  4. In recent days, unexplained large Bitcoin transfers from one unknown wallet to another have been observed. The latest episode involves the transfer of $1 billion in Bitcoin from several unknown addresses to new wallets in batches of exactly 2,000 BTC.

    Unexplained Transfers

    Over the past few days, there have been large Bitcoin transfers between unknown wallets. The latest transfer involves $1 billion in Bitcoin, moved in batches of 2,000 BTC each from several unknown addresses to new wallets. It is not known what this is related to or who is behind these addresses.

    Possible Fidelity Custody Involvement

    One clue that has surfaced is that, according to Arkham Intelligence, one of the sender addresses may belong to Fidelity Custody, a crypto custodian for one of the largest hedge funds in the world with approximately $5.4 trillion in assets under management. This year, Fidelity added its own spot Bitcoin ETF, FBTC, to its asset-heavy portfolio.

    2,001 BTC (128,899,588 USD) transferred from unknown wallet to unknown new walletWhale Alert

    Impact on Bitcoin Market

    The crypto hedge fund custodian, if the data is to be believed, now has 287,153 BTC worth $18.35 billion and 287,064 ETH worth $753.91 million. These funds include MicroStrategy, Fidelity FBTC ETF, and Fidelity FETH ETF, which are clients of this custodian. It is unclear if these transfers are part of an internal operation to reorganize wallets or if there's more behind it. It is worth noting that FBTC has seen more inflows than outflows in recent days. This could be a confirmation that a new period of positive flows into Bitcoin ETFs awaits us, potentially indicating increased demand for the cryptocurrency, which would be favorable for the BTC price.

    The question of the purpose and initiators of these unexplained Bitcoin transfers remains open. Perhaps further market movements will shed more light on this issue.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Max Keiser Predicts Zcash Price Drop to 55

chest

Max Keiser predicts a significant drop in Zcash price to 55, citing bearish market indicators and describing recent price movements as a pump and dump.

user avatarFilippo Romano

The Role of Financial Literacy in Capital Markets

chest

The report emphasizes the importance of enhancing financial literacy to boost investor confidence and engagement in capital markets.

user avatarBayarjavkhlan Ganbaatar

Whale Accumulation and Corporate Holdings Signal Market Strength

chest

Recent on-chain data indicates that holders with more than 10,000 BTC are back in net accumulation, while the world's top 100 listed firms now hold over 1,058,000 BTC.

user avatarEmily Carter

Federal Reserve Warns of Quantum Risks to Cryptocurrency

chest

The Federal Reserve warns about potential risks of quantum computing to Bitcoin's security, affecting investor confidence and market stability.

user avatarTomas Novak

GeeFi Launches GEE Token Presale with Promising Returns

chest

GeeFi has launched its GEE token presale, which has already seen significant success, raising over $350,000.

user avatarMaya Lundqvist

SEA Token Launch Set for Q1 2026

chest

OpenSea is preparing for the launch of its SEA token in Q1 2026, focusing on development and regulatory compliance to enhance platform governance and utility for users.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.