48,000 BTC transaction in Bitcoin takeover
Bitcoin

48,000 BTC transaction in Bitcoin takeover

By Alfredo de Candia - 13 May 2019

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In recent days we are witnessing what could perhaps represent a turning point for the value of bitcoin and an address has made a transaction for a total of 48,000 Bitcoins (BTC), representing, in fact, an unknown whale.

48000 btc transaction bitcoin

The transaction took place before the bitcoin price spiked, transferring at a price of about $6,959 with a total value of about $330 million. After the transaction and the surge to $7,500, it reached $360 million, “earning” in fact, $30 million within a few hours and paying a fee of 0.0000452 BTC, or about $0.30.

Going back to the transactions related to this address we see that these bitcoins are derived from several transactions and that the total amount was moved close (12-12-2017) to the maximum share reached by bitcoin in 2017, demonstrating the fact that those who moved these bitcoins know the market trend and have a fairly accurate forecasting ability.

Some hypothesize that this address could belong to Fidelity in preparation to enter the crypto market. Also, in this case, it is difficult to give a precise explanation, but if we look at the other important bitcoin transactions we see that there has been a significant movement to and from the exchanges for a total of 34,469 bitcoins in the hours following this BTC transaction.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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