The whales have been migrating for a while and are currently making large transfers. When prices keep dropping and the majority of investors quit purchasing bitcoins, they are the ones keeping the market afloat (BTC). Recently, a whale paid relatively little money to transfer approximately $81 million in Bitcoin.
Transaction costs for a massive bitcoin transfer are reduced
One individual, whose name is unknown, transferred a sizable amount of $81,215,000 using the virtual currency known as bitcoin (BTC). Despite the size of the sum, the transfer costs he paid were still quite minimal. Only 147 dollars will have been used for his remittance.
Transfers beyond a particular amount in fiat currency are typically subject to significant transaction fees. On the other hand, everything is different when it comes to cryptocurrencies, in this case bitcoin. These expenses are significantly decreased, and the transfer happens rapidly. We now comprehend why, much to the dismay of traditional money, many individuals prefer to turn more and more to digital assets.
The transaction cost for the $81,215,000 BTC exchange made by the whale averaged 0.000181 percent. This turns out to be quite helpful.
A recent bitcoin (BTC) transfer for $81,215,000 was performed with a $147 transaction charge. This action demonstrates once further that whales have a genuine interest in bitcoin and that it was uncontrollable by any government or other third party (BTC ).
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