Crypto Traders Track Massive Bitcoin Whale Movements As 8,124 BTC Leaves Institutional Cold Storage

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Crypto traders are tracking a pair of huge Bitcoin whale movements.

A total of 8,124 BTC worth $67.2 million have been transferred out of an institutional cold storage wallet owned by the crypto custody giant Xapo.

The first transaction sent 7,143 Bitcoin to an unknown wallet, while the second transfer moved 981 BTC to a separate and also unknown wallet.

🚨 🚨 🚨 🚨 🚨 7,143 #BTC (59,188,957 USD) transferred from Xapo to unknown wallet

Tx: https://t.co/cshixt4G3E

— Whale Alert (@whale_alert) October 2, 2019

981 #BTC (8,130,540 USD) transferred from Xapo to unknown wallet

Tx: https://t.co/bT3gpoY5Pl

— Whale Alert (@whale_alert) October 2, 2019

Xapo is an institutional cold storage pioneer and is known for housing its customers’ BTC in top secret bunkers around the world.

The company was recently bought by Coinbase, which reportedly spent $55 million on the acquisition.

The big transfers from Xapo aren’t the only whale transactions traders are keeping an eye on.

Here’s a look at some of the biggest crypto movements in the last couple of days.

Of the seven transfers below, only one involved a trader moving 1,000 BTC from an unknown wallet to a crypto exchange, indicating they may be looking to sell.

• 603 BTC worth $5.0 million transferred from Huobi to unknown wallet
• 1,000 BTC worth $8.3 million transferred from unknown wallet to OKEx
• 1,000 BTC worth $8.3 million transferred from OKEx to Bitstamp
• 1,000 BTC worth $8.2 million transferred from Coinbase to unknown wallet
• 1,275 BTC worth $10.7 million transferred from Binance to unknown wallet
• 1,100 BTC worth $9.1 million transferred from Binance to unknown wallet
• 728 BTC worth $6.0 million transferred from Bitstamp to unknown wallet

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