The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

$463 Million Bitcoin (BTC) Transfer Sets Off Crypto Whale Watchers – Here’s Why Traders Think They’ve Spotted a Huge Buyer on Coinbase

by Daily Hodl Staff
October 14, 2020
in Bitcoin

Crypto traders are tracking the sudden movement of $463 million in Bitcoin.

The analytics tracker Bitcoin Block Bot was the first to spot four transactions on Monday, which all happened in a three-minute window, transferring a total of 40,758 BTC.

According to Whale Alert, one of the transactions sent 8,000 BTC from the US-based crypto exchange Coinbase to a wallet of unknown origin.

? ? ? ? ? ? ? ? ? 8,000 #BTC (91,026,394 USD) transferred from #Coinbase to unknown wallet

Tx: https://t.co/D1dIHZrJrj

— Whale Alert (@whale_alert) October 13, 2020

Although the transfer could also be Coinbase simply moving funds around for security purposes, Whale Alert is designed to filter out such transactions.

The transfer quickly sparked talk among traders that a large institution or individual is allocating a portion of their portfolio to Bitcoin. A similar move of more than half a billion dollars in BTC over the weekend sparked similar controversy.

Recent analysis from the crypto analytics company CryptoQuant indicates the vast majority of Bitcoin whales are holding onto their BTC and refusing to sell. The firm’s CEO, Ki Young Ju, says its data shows the number of large investors sending their BTC to exchanges, where it could then be sold on the open market, hit a yearly low in recent weeks.

According to data compiled by Bitcoin Treasuries, 15 publicly traded companies have invested nearly $7 billion in BTC. The companies have earned a collective $500 million since their respective time of BTC allocation.

Check Latest News Headlines


 
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.

Featured Image: Shutterstock/KHIUS

Submit a Press Release

Industry Announcements

  • After $3 Million Private Sale and Seed Funding, AiONE Reveals Staking Platform
    June 9, 2023
  • TRON Mainnet Celebrates Fifth Anniversary and Stands Now As the Preferred Global Blockchain
    June 8, 2023
  • Blockchain Pioneer Acquires International Fashion House Blk DNM
    June 7, 2023
  • WOW EARN Launches Its Crypto Wallet on iOS and Google Play
    June 7, 2023
  • BinaryX and AiGC Labs Developing First AI-Powered Virtual Reality Game on the Metaverse
    June 7, 2023
  • The Importance of Crypto Payments in 2023
    June 7, 2023
  • Proof of Talk 2023 – Two Days To Restore Trust in Web 3.0 and Design the Future of the Industry
    June 7, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,438.08
$26,438.08
0.38%
Ethereum
$1,833.86
$1,833.86
0.71%
Cardano
$0.30102
$0.30102
6.65%
XRP
$0.533907
$0.533907
1.7%
Dogecoin
$0.068624
$0.068624
0.72%

Spotlight

  • Can Bitcoin Copy Apple’s 80,000%+ Rise Since the Dot-Com Burst? Fidelity Macro Expert Says BTC Poised To Thrive
    June 2, 2023
  • XRP Could Explode by Up to 200%, Predicts Analyst Who Nailed Bitcoin’s 2022 Bottom – But There’s a Catch
    June 2, 2023
  • Top Crypto Trader Predicts One Ethereum Rival Will Plummet by Over 30%, Says Bitcoin Also Headed Lower
    June 2, 2023
  • More Than 75% of Shiba Inu and Floki Investors Are Sitting on Losses: Crypto Analytics Firm IntoTheBlock
    June 2, 2023
Coinfest Asia Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl