It's a historic day in the cryptocurrency markets. According to market data, Bitcoin broke its all-time high price record today, reaching $109,496 on Coinbase.
This new high comes 121 days after the previous record of $109,353. Bitcoin has risen 47% since bottoming at $74,508 on April 9.
As a result of this rise, Bitcoin's market dominance increased to 64.25%, while the total market value of altcoins decreased by 26.67% from its current peak.
With this jump in Bitcoin price, whale activity also increased significantly:
- According to on-chain data, three different wallets thought to belong to the same organization or whale transferred approximately $3.75 million worth of $LINK tokens to Binance two hours ago. These whales had created $LINK positions at an average of $13 in the June-October 2024 period. If sold at today's transfer price of $15.86, a profit of approximately $764,000 could be made.
- A newly created wallet recently withdrew 199,423 TRUMP tokens worth $2.92 million from Binance. The purpose behind this transaction is currently unknown.
- A whale that has been sleeping for 6 years transferred 1,613 $ETH (approximately $4.11 million) to the Kraken exchange. These ETHs were purchased 8 years ago for $544,000, and with this transfer, the whale made a profit of approximately $3.62 million.
- At the same time, an address thought to be an institutional wallet or whale withdrew 1,500 $BTC ($159.7 million) from Binance. The address currently has a total of 22,223 $BTC in its wallet, worth around $2.37 billion.
- A famous investor who made a total of $21.54 million in two major waves with the Uniswap ($UNI) altcoin in 2020 has started collecting $UNI again after three years of silence. Five hours ago, he added 662,605 $UNI tokens (about $3.97 million) to his wallet at an average price of $5.99.
*This is not investment advice.