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Billion-Dollar "Unlock" Transaction on Bitcoin: Will They Sell It? - Coin Newsletter
A total of 14,929 Bitcoin (BTC)**, worth approximately $1.26 billion, were withdrawn from Babylon.
According to data shared by blockchain analysis platform Lookonchain, a large Bitcoin transfer took place. This transaction from the Babylon platform attracted attention as $1.26 billion worth of Bitcoin was unstaked and withdrawn in a single go.
This development is significant in line with Bitcoin’s price action. Bitcoin has gained 3% in the past week and is up 1.2% in the last 24 hours. At the time of writing, Bitcoin is trading at $84,751.
Such a large transfer can be an important indicator, especially for large investors and financial institutions. As Bitcoin activity increases in the market, it is also a matter of curiosity how investors position themselves against potential price fluctuations.