Crypto whale activity has hit a fever pitch over the last 24 hours as deep-pocketed investors move nearly $2 billion worth of Bitcoin.
The distributed ledger monitoring Whale Alert has reported dozens of giant BTC transactions in the last day.
[adinserter block="1"]One of the largest involved a whale relocating 7,731 BTC worth $414.75 million from an unknown wallet to a separate wallet of unknown origin.
? ? ? ? ? ? ? ? ? ? 7,731 #BTC (414,758,284 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) February 22, 2021
Another transaction shows a high-rolling entity shifting 5,000 BTC worth $276.11 million from an unknown wallet to crypto exchange Bitstamp, where it could potentially be sold on the open market.
? ? ? ? ? ? ? ? ? ? 5,000 #BTC (276,113,787 USD) transferred from unknown wallet to #Bitstamp
— Whale Alert (@whale_alert) February 22, 2021
Another Bitcoin holder moved 2,941 BTC worth $160.12 million between two wallets of unknown origins.
? ? ? ? ? ? ? ? ? ? 2,941 #BTC (160,121,040 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) February 22, 2021
All in all, Bitcoin whales transferred a total of 35,512 BTC worth $1.92 billion in the last 24 hours.
Nine transactions moved BTC from crypto exchanges to unknown wallets. Four transactions shifted BTC between crypto exchanges while three transactions saw BTC transferred from unknown wallets to crypto exchanges, where they could be sold or traded in the open market.
[adinserter block="1"]Two entities moved their BTC between wallets of unknown origins. In addition, one whale transferred BTC from a crypto custodial platform to a crypto exchange. Another whale relocated BTC from a custodial platform to an unknown wallet.
Here’s the summary of the largest BTC transactions in question.
- 389 BTC worth $20.5 million sent from unknown wallet to Coinbase
- 499 BTC worth $26.7 million sent from Coinbase to unknown wallet
- 499 BTC worth $26.7 million sent from Coinbase to unknown wallet
- 2,214 BTC worth $118.6 million sent from Coinbase to unknown wallet
- 499 BTC worth $26.7 million sent from Coinbase to unknown wallet
- 423 BTC worth $22.5 million sent from Coinbase to unknown wallet
- 2,864 BTC worth $156.3 million sent from unknown wallet to unknown wallet
- 384 BTC worth $20.8 million sent from Huobi to Coinbase
- 391 BTC worth $21.4 million sent from Huobi Global to Coinbase
- 500 BTC worth $27.1 million sent from unknown wallet to Coinbase
- 501 BTC worth $27.3 million sent from Coinbase to unknown wallet
- 407 BTC worth $22.1 million sent from Bitfinex to unknown wallet
- 2,000 BTC worth $106.8 million sent from Xapo to Binance
- 639 BTC worth $34.2 million sent from Xapo to unknown wallet
- 771 BTC worth $41.2 million sent from Coinbase to unknown wallet
- 2,001 BTC worth 106 million sent from Coinbase to unknown wallet
- 828 BTC worth $44 million sent from Binance to Coinbase
- 502 BTC worth $25.6 million sent from unknown wallet to Bitbank
- 2,900 BTC worth $161.5 million sent from unknown wallet to unknown wallet
- 629 BTC worth $35.3 million sent from Binance to Coinbase
The rise in whale activity comes amid a Bitcoin correction that saw the largest cryptocurrency drop to a seven-day low of $48,967.
At time of writing, BTC is trading at $51,592, according to CoinMarketCap.
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