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2024-06-07 14:40:48
in reply to

LeoWandersleb on Nostr: OKX is consolidating some of their UTXOs paying north of 500sat/vB. ...

OKX is consolidating some of their UTXOs paying north of 500sat/vB.
Bitcoin exchanges have their bitcoins spread out over 7 million UTXOs. Depending on the mining fee levels, this might cost some or many millions to consolidate.



Just now - since about 5h - OKX is consolidating some of their 1.3 million UTXOs, paying in excess of 500sat/vB!

Author Public Key
npub1gm7tuvr9atc6u7q3gevjfeyfyvmrlul4y67k7u7hcxztz67ceexs078rf6