Deep-pocketed Bitcoin (BTC) traders are suddenly moving billions of dollars worth of the flagship digital asset to and from crypto exchanges and unknown wallets.
New data from whale-surveying platform Whale Alert reveals that one BTC whale abruptly moved 35,049 BTC worth $1,518,020,170 from an unknown wallet to another on January 31st, the biggest transaction involving the crypto king on the day.
-->Other notable transactions on Whale Alert’s radar involving the top crypto asset by market cap on that same day include:
- 25,266 BTC worth $1,099,679,062 transferred from an unknown wallet to another unknown wallet.
- 929 BTC worth $39,562,024 transferred from crypto exchange Coinbase to crypto lender Gemini.
- 2,500 BTC worth $106,647,312 transferred from an unknown wallet to payments platform Paypal.
- 1,736 BTC worth $73,943,008 transferred from an unknown wallet to Gemini.
- 34,300 BTC worth $1,476,690,397 transferred from one unknown wallet to another unknown wallet.
- 499 BTC worth $21,794,616 transferred from crypto exchange Binance to crypto exchange Kraken.
- 2,482 BTC worth $106,303,167 transferred from one unknown wallet to another unknown wallet.
- 896 BTC worth $38,153,720 transferred from Coinbase to Gemini.
The total amount of Bitcoin moved by high-net-worth investors yesterday comes out to about $4.5 billion.
Bitcoin is trading for $42,647 at time of writing, a 2 decrease during the last 24 hours and a 12 decrease from its 30-day high of $48,494 set on January 11th.
