Some of the largest holders of Bitcoin in the world moved billions of dollars worth of BTC in a flurry shortly before the flagship cryptocurrency broke below the $20,000 mark.
On-chain crypto tracking service Whale Alert flagged a series of remarkably large BTC transactions early this weekend.
In particular, WhaleAlert spotted five transactions all done within a minute of each other worth over $205 million. Each transaction saw exactly 9,873 BTC move from crypto exchange Coinbase to an unknown wallet, according to WhaleAlert.
- 9,873 BTC worth $205.35 million transferred from Coinbase to unknown wallet
- 9,873 BTC worth $205.35 million transferred from Coinbase to unknown wallet
- 9,873 BTC worth $205.35 million transferred from Coinbase to unknown wallet
- 9,873 BTC worth $205.35 million transferred from Coinbase to unknown wallet
- 9,873 BTC worth $205.35 million transferred from Coinbase to unknown wallet
Within hours, Whale Alert spotted six large BTC transactions with a combined value of nearly $1 billion. Three transactions moved Bitcoin from wallets of unknown origins to crypto exchanges. One transaction shifted BTC from a crypto custody firm to an unknown wallet while another transaction relocated Bitcoin from a crypto exchange to a custodial company. Another transaction moved BTC from an exchange to a wallet of unknown origins.
- 11,444 BTC worth $235.21 million transferred from Gemini to Xapo
- 5,000 BTC worth $105.16 million transferred from unknown wallet to Gemini
- 6,500 BTC worth $137.03 million transferred from Gemini to unknown wallet
- 4,149 BTC worth $85.34 million transferred from unknown wallet to Gemini
- 10,000 BTC worth $205.70 million transferred from Xapo to unknown wallet
- 10,000 BTC worth $205.04 million transferred from unknown wallet to Coinbase
At time of writing, Bitcoin has lost the $20,000 level and is currently trading at $18,526.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Crypto Whales Suddenly Move Nearly $2,000,000,000 in Bitcoin As BTC Breaks $20,000 Level: On-Chain Data appeared first on The Daily Hodl.
