Bitcoin From Cold Accounts to Active Exchanges

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The blockchain contains records of every bitcoin transaction ever performed.
These records are generated by bitcoin wallets, and by miners in the process of verifying bitcoin transactions.
There are also some smaller entries in the blockchain, including satoshis, which are the smallest unit of bitcoin, that are not directly related to transactions, but rather to the protocol of bitcoin.
These transactions are moved from the blockchain into the bitcoin mempool by exchanges and wallets that allow users to make transactions with bitcoin, and through which people can trade bitcoin for other currencies.

On December 2, financial data service Bitfinex shared some “intriguing data.”

On December 2, one of Bitfinex’s long-term bitcoin whales made a massive transfer of nearly two million bitcoins.

For two days, the whale made a total of 9,552 transactions of 2,078 bitcoin each, worth more than $41 million at the time.

Binance, Coinbase, Kraken, Bitfinex, and Bitstamp were some of the exchanges affected by this bitcoin transfer. According to Bitfinex, the money belonged to the long-term bitcoin holder.

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