22,000 BTC moved to Bitfinex cold wallet

11 Oct, 2018
by David Robb
News
22,000 BTC moved to Bitfinex cold wallet

Data from Blockchain.com shows that just over 22,000 BTC was recently moved in one transaction. The payment went to a wallet associated with the Bitfinex exchange.

At current market prices, the 22,000 BTC moved is worth around $138 million. This is likely the activity of a Bitcoin whale, and it could potentially have a huge impact on the crypto market one way or another.

The movement of this huge amount of Bitcoin also coincided roughly with BTC's recent $10 billion drop in market cap, which happened in the wake of yesterday's major stock market dive.

Observers on Twitter had differing opinions on what this could mean for crypto, as well as making some points relating to the size of the transaction.

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