A Bitcoin whale is transferring over a billion dollars worth of BTC during a correction that’s affecting the overall crypto markets.
According to blockchain tracker Whale Alert, the large holder of Bitcoin moved 15,078 BTC from an unknown wallet to another unknown wallet. At the time of the transfer, the Bitcoin stash was worth approximately $1.018 billion.
? ? ? ? ? ? ? ? ? ? 15,078 #BTC (1,018,185,395 USD) transferred from unknown wallet to unknown wallethttps://t.co/9fFxZaLeaD
— Whale Alert (@whale_alert) November 8, 2021
The transfer cost 0.00003060 BTC, approximately $1.90 at time of writing, in transaction fees. Bitcoin is currently trading at $65,040.
The receiving Bitcoin address is now the 51st-richest Bitcoin wallet in the world, according to BitInfoCharts.
Whale Alert is also reporting other relatively large Bitcoin transfers that have occurred recently.
The blockchain tracker says that on Tuesday a whale transferred 5,000 Bitcoins from an unknown wallet to another unknown wallet at a fee of 0.00008148 BTC, approximately $5.30 at time of writing. The BTC was worth slightly more than $337 million when transferred.
Whale Alert says that another large crypto holder sent 1,500 Bitcoins from an unknown wallet to the Coinbase cryptocurrency exchange on Tuesday. The Bitcoin was worth over $100 million at the time.
According to Whale Alert, one large Bitcoin holder on Wednesday moved 968 BTC from an unknown wallet to Coinbase. That BTC is worth nearly $65 million at time of writing.
The blockchain tracker also says that on Wednesday a whale moved 750 Bitcoin from Coinbase to the Binance crypto exchange. At the time of that transfer, the BTC was worth over $48 million.
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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.
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