Some of the largest Bitcoin (BTC) holders in the world are moving massive amounts of BTC amid widespread market volatility.
In the past 24 hours, whales moved a total of 10,653 Bitcoin worth approximately $409,316,661 to and from Coinbase – with the vast majority of the transfers moving BTC off of the exchange to unknown wallets.
[adinserter block="1"]The largest single transfer sent 5,000 BTC from Coinbase to an unidentified wallet. That transaction alone was worth over $190.1 million at time of transfer.
The rest of the super-sized outflows off of Coinbase occurred as follows:
A fifth transaction flowed the other way, moving 1,085 BTC worth $42.6 million from an unknown wallet to Coinbase.
Crypto analyst Will Clemente says deep-pocketed BTC holders appear to be interested in buying the flagship cryptocurrency between $30,000 and $35,000.
“…We can look at spot order books and see where areas of interest are for large players. Seeing a confluence across several major exchanges of interest at that $30k level.
And lastly, looking at whales’ holdings, saw a fairly substantial uptick on the move down to $30k a few weeks ago, showing that was a level that they were interested in doing business.”
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