The blockchain has recorded a high number of cryptocurrency transactions, each containing an average of 21,000 Bitcoins, during the course of the last twenty-four hours.
A total of more than 60 billion USD in Bitcoin was transferred in total. Whales move more than 1.3 million dollars in Bitcoin.
These sixty transfers have a total value of around $1 billion or a little less in each case. A total of more than 2 million Bitcoins have been transferred between anonymous wallets in the last 24 hours.
The total approximate value of the transferred crypto monies is a mind-boggling $60,480,000,000 in fiat money, according to current estimates.
In terms of transfer value, each billion USD in Bitcoin was worth around $13 to send. On Saturday, almost $2 billion was transferred in the same manner in a matter of hours, and the transfers continued throughout the rest of the day and into the night.
Whales have been piling up their holdings in the most popular cryptocurrency
According to a recent piece from The Independent, cryptocurrency whales have been actively buying Bitcoin over the past three months, seemingly expecting that another significant BTC surge is likely in the near future.
In a major news outlet, it was reported that wallets holding $50 million or even more in Bitcoin have been expanding their BTC holdings throughout the summer.
The last time such a big accumulation occurred was just prior to Bitcoin reaching an all-time high of about $64,000 in April of this year.
Alexandra Clark, a trader with GlobalBlock in the United Kingdom, says that Bitcoin is exhibiting strong buy indications for both simple and exponential moving averages. As a result, MictoStrategy continues to acquire Bitcoin, as evidenced by the addition of another 3,097 Bitcoins to its portfolio last week, according to U.Today.
Daniela Hathorn, a market analyst with DailyFX, believes that Bitcoin will gain momentum in the near future and might reach as high as $55,000.