{"id":14918,"date":"2021-12-02T19:54:03","date_gmt":"2021-12-02T19:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/monster-sized-bitcoin-whale-transfers-blockchain-parser-catches-significant-amounts-of-cold-btc-moved-to-active-exchanges\/"},"modified":"2021-12-02T19:54:03","modified_gmt":"2021-12-02T19:54:03","slug":"monster-sized-bitcoin-whale-transfers-blockchain-parser-catches-significant-amounts-of-cold-btc-moved-to-active-exchanges","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/monster-sized-bitcoin-whale-transfers-blockchain-parser-catches-significant-amounts-of-cold-btc-moved-to-active-exchanges\/","title":{"rendered":"Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of \u2018Cold BTC\u2019 Moved to Active Exchanges"},"content":{"rendered":"

Two days ago on November 30, the price of bitcoin (BTC<\/a>) tapped a high that day reaching $59,250 per unit, but it has since dropped close to 5% in value to just above the $56K region. Onchain statistics indicate that whales and long-term holders (LTHs) have been spending over the last month and blockchain parsers have witnessed enormous movements in recent days.<\/strong><\/p>\n

Btcparser 3 Spots Droves of Bitcoin From Cold Wallets Move to Active Exchanges<\/h2>\n

On the first two days of December, there have been some massive bitcoin (BTC)<\/a> whale movements stemming from long-term bitcoin holders. On Thursday morning, the creator of the web portal Btcparser.com<\/a> explained that \u201csignificant amounts of bitcoin were taken out from cold wallets and moved to active exchanges.\u201d<\/p>\n

The onchain action was caught by the blockchain parsing tool Btcparser 3<\/a>, a tool that analyzes each and every new bitcoin block by getting detailed information about all transactions within it. \u201cThe bot uses groups of 100 blocks and identifies all wallets that sent or received a total exceeding 1,000 bitcoins during that time,\u201d explains the parsing tool\u2019s website.<\/p>\n

On December 1, Btcparser 3 caught some major onchain action,<\/a> which saw the movement of thousands of bitcoins during the course of the day. For instance, on Wednesday the parser caught the movement of 15,074 BTC<\/a> or $849 million, 6,970 BTC moved<\/a>, and thousands more BTC<\/a> spent as well.<\/p>\n

Then the following day on December 2, monster-sized bitcoin transactions<\/a> were caught by Btcparser 3. This transaction<\/a> on Thursday saw a whopping 36,645 BTC<\/a> deposited and 10,547 BTC<\/a> left the wallet. That\u2019s more than $2 billion worth of bitcoin in USD value, and the address spent more than $28.2 billion in bitcoin (BTC)<\/a> during its lifetime. At 1:59 a.m. (EST) on Thursday, Btcparser 3 caught 15,074 BTC<\/a> or $849 million move.<\/p>\n

Glassnode Report Shows Long-Term Holders Are Spending Bitcoin Holdings \u2014 \u2018Key Active Whale Addresses Are Content\u2019<\/h2>\n

In addition to Btcparser 3 catching two days worth of major whale movements, Glassnode\u2019s<\/a> most recent insights report, \u201cWeek Onchain 48<\/a>,\u201d establishes that long-term holders (LTHs) are \u201cspending some of their holdings.\u201d Glassnode\u2019s report notes that this action has been prominent during the last 30 days.<\/p>\n

\u201cShifting our focus to [LTHs],\u201d Glassnode\u2019s report details. \u201cWe can see that there has been a reasonably continuous rate of spending over the last month. From the peak of 13.5M BTC<\/a> in holdings, LTHs have spent (assumed distributed) 150K BTC<\/a>, equivalent to around 5.8% of the volume accumulated since March 2021.\u201d<\/p>\n

Crypto advocates have been discussing major whale movements on forums and bitcoin whale commentary is littered all over social media<\/a>. The crypto analytics firm Santiment<\/a> also tweeted about this past month\u2019s whale action on November 23.<\/p>\n

\u201cBitcoin\u2019s key active whale addresses that hold between 100 to 10K BTC<\/a> are content after accumulating a total of ~40K more BTC<\/a> on last week\u2019s dip,\u201d Santiment said<\/a>. The company also shared its weekly report<\/a> as well, which discusses whale action and \u201c the growing bearish sentiment (& why it\u2019s a good thing).\u201d<\/p>\n

What do you think about the recent bitcoin price action, whale movements and the current bearish sentiment? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFeatured, Active Exchanges, Bitcoin, Bitcoin (BTC), Bitcoin Transactions, Bitcoin Whales, Blockchain Parsing, blockchain parsing engine, BTC holdings, BTCparser, Btcparser 3, Btcparser.com, cold wallets, glassnode, long term holders, LTH in Loss, LTH in Profit, LTHs, Onchain analysis, profits, Santiment, spending, Tools, whale transactions, Whales<\/p>\n","protected":false},"excerpt":{"rendered":"

Two days ago on November 30, the price of bitcoin (BTC) tapped a high that day reaching $59,250 per unit, but it has since dropped close to 5% in value to just above the $56K region. Onchain statistics indicate that whales and long-term holders (LTHs) have been spending over the last month and blockchain parsers…<\/p>\n","protected":false},"author":0,"featured_media":14919,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14918"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14918"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14919"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}