A Bitcoin whale has moved $313 million from Bittrex with no prior signal or beta transaction, causing some followers to worry that Bittrex may have been hacked.

Isn’t it strange how there is no tx test? Tweet embed Would you like to be assured that the funds are safe?

– King (@KeengSchultz) December 4, 2019

The big transfer was flagged by a Twitter account (@whale_alert) and reported the transfer early yesterday.

🚨 43,564 #BTC (US$313,074,134) Transferred from # Beatrix For unknown wallet

TX:

– whale alert (whale_alert) December 4, 2019

Read:After withdrawals resume: massive amounts of bitcoin flow out of OKEx

Despite the large amount transferred, the transfer fee is only $1 and it is also possible that the withdrawal will only cost Bittrex withdrawal fee of 0.0005 BTC.

The amount withdrawn from Bittrex is equal to 1/3 of what is in it, according to recent data from BitUniverse, which estimated that the total amount of bitcoin in Bittrex is estimated at 131,340 bitcoin units.

Transferring a third of Bittrex’s reserves requires the platform to provide a clarification to not allow any interpretations and any interpretations of the possibility of hacking, especially since the platform, after the incident, announced this morning that it had entered maintenance mode for an hour between 11 to 12.

# Beatrix Client: It will be offline on December 5th for scheduled maintenance which will result in a downtime starting at 11:00 AM PT and may continue until 12:00 PM PT. Find out what this means for you: pic.twitter.com/drAPV3kAjY

– Bittrex (BittrexExchange) December 4, 2019

Many users reacted to Bittrex’s notification about a maintenance situation and asked if the platform had been hacked, but Bittrex’s response was to deny the possibility.

Read:Learn about the story of Bitcoin Gold BTG and the reason for its decline in value

Large transfers of bitcoin or other cryptocurrencies usually attract the attention of the crypto community, which have become very frequent recently.

In late November, topped up One whale headlines when moving bitcoin worth $337 million for just 40 cents.

Read:Searches for NFT on Google rise 300%, surpassing searches for DeFi projects

Last week, another whale added 14,000 bitcoins to his account, bringing his total to about 31,850 bitcoins ($231 million).

Some interpreted the large amount withdrawn from the platform as an indication of bullish momentum.

At the time of writing, Bitcoin has moved after the transfer, rising from $7,200 to $7,500 and then back down between $7,200 and $7,300.

Although this is not necessarily a sign that there is a big move on the horizon, these massive movements in the market perfectly point to high activity which explains the speculation.

We can’t help but wonder what the long-term strategy for these big whales is?

Read also:

One of the richest bitcoin addresses holds $650 million stolen from Mt. Gox

For beginners: the most important terms used in the cryptocurrency market