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January 26, 2024

Bitcoin Whale Abruptly Moves Over $280,000,000 in BTC – Here’s Where the Crypto’s Headed

By Mehron Rokhy

New data reveals that a Bitcoin (BTC) whale is suddenly shifting around billions of dollars worth of the top crypto asset by market cap to and from wallets and crypto exchange platforms.

According to whale-surveying platform Whale Alert, the deep-pocketed BTC investor shifted 7,000 BTC, worth just over $280 million, on the night of January 25th from one unknown crypto wallet to another.

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Before that, the high-net-worth crypto trader made several other transactions. Other noteworthy trades on Whale Alert’s radar include:

According to the data, in total, the crypto whale moved around just over $1 billion worth of the flagship digital asset – the overwhelming majority going to unknown wallets.

Bitcoin is trading for $41,889 at time of writing, a 4.5% increase during the last 24 hours and an 8.3% rise from its seven-day low of $38,678 set on January 23rd.

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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 losses 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/Tithi Luadthong

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