Add as a preferred source on GoogleUnknown Wallet Sends 1,077 Bitcoin Worth $84.7 Million to OKX
Whale Alert flagged the deposit. The transfer may draw attention to potential selling pressure but does not confirm a sale.
An unidentified wallet moved 1,077 Bitcoin (BTC), worth about $84.7 million, to OKX, creating an exchange inflow traders may watch for signs of potential selling pressure.
The transfer occurred Oct. 30. Its value was listed at $84,728,233, or about $84.7 million. The sending wallet was labeled unknown; no owner was named.
A transfer into an exchange records coins arriving at a trading platform. Traders may monitor such deposits for possible selling activity because assets at an exchange may be used in trades. But the movement alone does not show that the coins were sold or that a sale is planned.
This event is an exchange deposit, not a confirmed Bitcoin sale. The 1,077 BTC and dollar value describe the size of the transfer, not the amount traded. The alert also does not establish whether the BTC will remain at OKX or move again. The transaction records the coins arriving at OKX; it does not include a completed trade.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.