Bitcoin whales are moving billions of dollars worth of BTC as the flagship cryptocurrency recovers from its plunge down to $51,000.
In the past 24 hours, crypto whales have circulated over $2 billion worth of BTC. Two crypto whales each moved 3,000 BTC worth a total of $320.6 million in two separate transactions. Bitcoin analytics tool Whale Alert first picked up on the transactions yesterday.ADVERTISEMENT
The first whale sent the 3,000 BTC worth $160.3 million to an unknown wallet that now holds 10,000 BTC, according to blockchain search engine Blockchair.
The second whale moved 3,000 BTC worth $160.3 million to a single wallet, according to Blockchair. The receiving wallet, which has been active for three years, sent away almost all 3,000 BTC in a flurry of transactions.
In addition to the two multi-million transactions, whales moved a total of 31,515 BTC worth $1.68 billion in the last 24 hours. Nine transactions shifted BTC between wallets of unknown origins, four transfers delivered BTC from crypto exchanges to unknown wallets, two transfers moved BTC from unknown wallets to crypto exchanges, and two transactions relocated BTC between crypto exchanges.
Below is a list of the significant BTC transactions in the past day.
- 2,000 BTC worth $107.8 million transferred from unknown wallet to unknown wallet
- 1,281 BTC worth $68.8 million transferred from unknown wallet to Coinbase
- 1,000 BTC worth $53.9 million transferred from unkown wallet to Coinbase
- 1,500 BTC worth $80.8 million transferred from Coinbase to unknown wallet.
- 1,150 BTC worth $61.9 million transferred from Coinbase to Bitstamp.
- 2,500 BTC worth $134 million transferred from unknown wallet to unknown wallet
- 2,501 BTC worth $133 million transferred from unknown wallet to unknown wallet
- 1,067 BTC worth $56.7 million transferred from OKex to unknown wallet
- 1,500 BTC worth $80.1 million transferred from Coinbase to unknown wallet
- 2,700 BTC worth $143.9 million transferred from unknown wallet to unknown wallet
- 2,737 BTC worth $145 million transferred from unknown wallet to unknown wallet
- 2,000 BTC worth $105.3 million transferred from unknown wallet to unknown wallet
- 2,939 BTC worth $156.7 million transferred from unknown wallet to unknown wallet
- 2,710 BTC worth $145.4 million transferred from unknown wallet to unknown wallet
- 2,940 BTC worth $154.5 million transferred from unknown wallet to unknown wallet
- 990 BTC worth $53.1 million transferred from Huobi to Coinbase
Why Does This Matter?
The transfers off exchanges are interpreted as bullish, because it means it could be a whale buying and transferring it to long term cold storage
The transfers to exchanges are interpreted as bearish,because it means it could be a mining pool sending coins to an exchange to sell for USD.
Please refer to Crypto Quant for real time chart data on the flow of BTC into and off of exchanges,
Whale alerts on twitter is also reliable!
