The 7-Month High Bitcoin On-Chain Activity This Week Was Caused By None Other Than BitGo!
๐ง Following up on the massive Bitcoin on-chain transaction volume from dormant wallets we identified on Tuesday, the primary reason for this spike was due to B
แจแแแแฅ แแญแญ แ แญแฐแแแข DYORแข
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๐ง Following up on the massive Bitcoin on-chain transaction volume from dormant wallets we identified on Tuesday, the primary reason for this spike was due to BitGo moving their assets ("proof" of Wrapped Bitcoin). Though fascinating to see this anomaly, the mild rebound back to $63K was not ignited by these older wallets becoming active. Examples of these transfers are below:
๐ https://mempool.space/address/bc1qa0mxdj0yehl3m99c8tsgepmngz0a0yf96v9al3ejyvla97hysjdsgzj59x
๐https://mempool.space/address/bc1qq7m25904sfa4qn0na5gfssltjdmxwuvqxfl73dunza4s4cysqh7ssale4g
๐https://mempool.space/address/bc1q20mxuuv6ta5uy6m3s34lzwgs6p4qme4wyvv9y2cawd8a45y84susw2c9rk
แญแ แจแแแแฅ แแญแญ แ แญแฐแแแข DYOR.
