The total value of the latest Bitcoin transaction is around $ 180 million. The aforementioned transfer took place on May 31st at 13:46 UTC. The latest transaction appeared about a week after a BTC owner moved 9.999 Bitcoin to an unknown cryptocurrency wallet.
Cryptocurrency analytics firm Santiment reported a surge in BTC accumulation by Bitcoin millionaires. Large Bitcoin wallets added around 30.000 coins during the last week of May 2021. BTC whale addresses (containing between 100 and 10.000 BTC) now hold more than 9 million coins.
Similar to the latest 4.997 BTC move, a Bitcoin address transferred 800 coins worth nearly $ 30 million from a wallet to the digital exchange, crypto.com. The transfer was recorded on May 31st at 21:58 UTC.
Bitcoin's volatility has declined slightly since the beginning of this week due to price stability. According to the latest data published by cryptocurrency firm Bybt.com, BTC positions worth nearly $ 24 million have been liquidated in the last 130 hours.
Despite the latest drop in Bitcoin and other cryptocurrency assets like ETH and DOGE, BTC adoption has increased in the past few weeks. Earlier this week, the Bank of New York Mellon Corporation, commonly known as BNY Mellon, announced that it is planning to expand its presence in the BTC and cryptocurrency market through a dedicated crypto unit in Ireland.
Carl Icahn, the US-based billionaire and founder of Icahn Enterprises, surprised everyone with his positive comments on BTC and cryptocurrencies last week. During an interview with Bloomberg, the former BTC critic said that his company is studying the cryptocurrency market for a potential investment of up to $ 1,5 billion (which reminds us of the same investment Tesla made and that it has caused a price rally).
Bitcoin is currently trading around $ 37.000, with a market capitalization of over $ 690 billion. So, recovering from a few days ago, when the most skeptics thought that it was now on the way to return to $ 30.
At this point, there are two things: either BTC will soon start running again to reach the threshold predicted by many experts of $ 100, or it will remain for some time in this gray area, awaiting further developments.
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