• 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

Metaplanet Launches ADR Trading in the US

chest

Metaplanet, a Japanese Bitcoin treasury company, is set to begin trading in the US via American Depositary Receipts (ADRs) under the ticker symbol MPJPY.

user avatarLeo van der Veen

Metaplanet Halts Bitcoin Purchases Amid Market Concerns

chest

Metaplanet has halted its Bitcoin purchases since September due to concerns over its enterprise value falling below its Bitcoin holdings.

user avatarMaya Lundqvist

Sustainable Investing Transforms into Mainstream Financial Strategy

chest

Sustainable investing has evolved into a mainstream financial strategy, attracting significant global assets.

user avatarLi Weicheng

Nike's Win Now Strategy Amidst Challenges

chest

Despite current challenges, Nike is implementing strategic initiatives to drive growth, including a new footwear platform and leadership restructuring.

user avatarBayarjavkhlan Ganbaatar

Nike Faces Challenges in the Chinese Market

chest

Nike's performance in China has been a major concern, with sales dropping significantly due to reduced store traffic and inventory challenges.

user avatarTenzin Dorje

Nike Reports Q2 2026 Earnings with Mixed Results

chest

Nike reports Q2 2026 earnings with mixed results, exceeding revenue expectations but facing a 32% drop in net income due to challenges in the Chinese market.

user avatarMohamed Farouk

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.