dailyhodl.com
Some of the largest Bitcoin ($BTC) holders in the world are moving massive amounts of $BTC amid widespread market volatility.
In the past 24 hours, whales moved a total of 10,653 Bitcoin worth approximately $409,316,661 to and from Coinbase – with the vast majority of the transfers moving $BTC off of the exchange to unknown wallets.
The largest single transfer sent 5,000 $BTC from Coinbase to an unidentified wallet. That transaction alone was worth over $190.1 million at time of transfer.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 5,000 #$BTC (190,171,100 USD) transferred from #Coinbase to unknown wallethttps://t.co/oFK0YyVjAF
— Whale Alert (@whale_alert) February 21, 2022
The rest of the super-sized outflows off of Coinbase occurred as follows:
- 3,000 $BTC worth $116.2 million sent from Coinbase to unknown wallet
- 823 $BTC worth $31.5 million sent from Coinbase to unknown wallet
- 745 $BTC worth $28.8 million sent from Coinbase to unknown wallet
A fifth transaction flowed the other way, moving 1,085 $BTC worth $42.6 million from an unknown wallet to Coinbase.
Crypto analyst Will Clemente says deep-pocketed $BTC holders appear to be interested in buying the flagship cryptocurrency between $30,000 and $35,000.
“…We can look at spot order books and see where areas of interest are for large players. Seeing a confluence across several major exchanges of interest at that $30k level.
And lastly, looking at whales’ holdings, saw a fairly substantial uptick on the move down to $30k a few weeks ago, showing that was a level that they were interested in doing business.”