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.
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.
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.
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