tl;dr
A massive investor has moved over $387.705 million worth of Bitcoin, with 9,601 BTC being relocated from an unknown wallet to the digital asset exchange Coinbase. Other large BTC transactions in the past 24 hours include transfers to Coinbase, from Gemini, and between unknown wallets.
A large-scale Bitcoin investor has made a major move, transferring over $387.705 million worth of BTC. This involved relocating 9,601 BTC from an unknown wallet to the digital asset exchange Coinbase. Other significant transactions in the past 24 hours include transfers to Coinbase, from Gemini, and between unknown wallets.
Blockchain-monitoring service Whale Alert initially identified the transaction, which saw an entity moving 9,601 BTC, equivalent to over $387.705 million, from an undisclosed wallet to Coinbase. This raises the possibility of a substantial sale on the open market, with the investor paying approximately $200 in BTC to process the transaction. Furthermore, data from blockchain analytics firm Arkham Intelligence indicates that the entity accumulated the Bitcoin stash on Coinbase Prime, the platform for institutional investors, before moving it to a new unknown wallet and back to Coinbase Prime within hours. Bitcoin's current value stands at $41,631. Other large BTC whale transactions monitored by Whale Alert over the last 24 hours include significant transfers between unknown wallets and to and from Coinbase and Gemini - illustrating the breadth of influential movements within the crypto space.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.