Bitcoin whales are moving millions of dollars worth of BTC as the volatile crypto markets rally to start the week.
In the last 24 hours – as Bitcoin sank to $5,785 before a burst to $6,389 – some of the richest Bitcoin holders on record moved 24,923 BTC worth $148.9 million.
Included in that total is a series of 15 transfers of 1,000 BTC, worth $5.9 million each. Although Whale Alert traced the origin of the transfers to a wallet created by the crypto exchange Huobi, it has not determined whether the funds are owned by Huobi itself or one of its customers.
In addition, five whales moved a total of 5,401 BTC worth $33.6 million from crypto exchanges from unknown wallets to exchanges, where it could potentially be sold on the open market. Here’s an overview of the largest transfers in the last day.
- 2,000 BTC worth $12.4 million sent from unknown wallet to OKEx
- 1,270 BTC worth $7.9 million sent from Binance to OKEx
- 790 BTC worth $5.0 million sent from Coinbase to unknown wallet
- 1,000 BTC worth $6.2 million sent from unknown wallet to OKEx
- 1,050 BTC worth $6.5 million sent from bitFlyer to unknown wallet
- 801 BTC worth $5.0 million sent from unknown wallet to Binance
- 800 BTC worth $5.0 million sent from unknown wallet to Binance
- 800 BTC worth $5.0 million sent from unknown wallet to Binance
- 1,412 BTC worth $8.3 million sent from Coinbase to unknown wallet
- 15,000 BTC worth $87.6 million sent from Huobi to unknown wallet (15 transactions)
Whale trackers are also following a pair of large Ethereum (ETH) and XRP transfers to start the week.
Both movements involved crypto sent from the South Korean exchange Bithumb to wallets of unknown origin.
57,000 #ETH (7,150,329 USD) transferred from #Bithumb to unknown wallet
— Whale Alert (@whale_alert) March 23, 2020
46,000,000 #XRP (6,935,745 USD) transferred from #Bithumb to unknown wallet
— Whale Alert (@whale_alert) March 23, 2020
At time of publishing, nearly the entire market is in the green, with Bitcoin’s move to the upside creating a ripple effect on the market at large.
Bitcoin is up 8.34% at $6,389, Ethereum (ETH) is up 6.21% at $131.66 and XRP is up 4.60% at $0.1570.

