A huge crypto whale is moving more than $450 million worth of Bitcoin (BTC) as deep-pocketed investors accumulate BTC.
According to blockchain tracker Whale Alert, the crypto whale moved 15,544 BTC on Wednesday from one unknown wallet to another.
At the time of the move, Bitcoin was trading for nearly $29,000.
The fee for the transaction was nearly $28. The receiving wallet still holds on to the BTC at time of writing.
Whale Alert also spotted the following large transactions of BTC in the past six days.
- 1,500 BTC worth $42.7 million transferred from an unknown wallet to Crypto.com
- 1,213 BTC worth $34.6 million transferred from an unknown wallet to Crypto.com
- 1,679 BTC worth $49.1 million transferred from Bittrex to an unknown wallet
- 726 BTC worth $21.3 million transferred from Binance to Bitfinex
According to new data from digital assets analytics firm Santiment, Bitcoin whales have once again started to accumulate the king crypto after selling for profits on April 11, when it briefly crossed the $30,000 level.
The analytics firm says that since April 11, whales gobbled up a whopping 64,094 Bitcoin, bringing their combined total holdings of Bitcoin to 8.7 million.
“Bitcoin whales have quietly accumulated again since profit taking above $30,000 on April 11th. Since this date, as prices wavered and dipped down slightly, addresses holding 100 to 10,000 BTC have collectively added 64,094 coins back to their bags.”
Bitcoin is trading for $28,800 at time of writing, down 1.5% during the past 24 hours.
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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 Bitcoin Whale Abruptly Moves Over $450,000,000 in BTC – Here’s Where the Crypto Is Going appeared first on The Daily Hodl.
