Mysterious person just Sent $756M In Bitcoin To An Anonymous Wallet

$756,777,311.00 worth of Bitcoin BTC was just moved between 2 anonymous cryptocurrency wallets in a single transaction.

This mysterious person’s bitcoin wallet address has been identified as: 3LqYRLNQpfj2CxnC1fbQKBEuRDwUJBBm6g

$756 million worth of Bitcoin was sent to an unknown recipient, with Bitcoin wallet address: 3EpJwBtdViE8M97WiSPCaueh9as8i4HLSV

Why it matters: Cryptocurrency whales that own millions of dollars in Bitcoin tend to move markets single-handedly. If the whale decides to exit this Bitcoin position, there could be enough market impact to push down the price of BTC. It takes about $15 to $30 million of sell pressure to move the price of Bitcoin down 2% on any given exchange.

Since this transaction wasn’t sent to an exchange, it’s unlikely that this Bitcoin whale is looking for liquidity. Instead, they may be transferring this to a different wallet for security purposes.

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