According to whale watching platform Whale Alert, over $1 billion in Bitcoin (BTC) has been transferred from Coinbase to anonymous wallets. Also, according to Coinglass, traders have liquidated over $146 million in BTC in the last 24 hours. For details, continue reading Kriptokoin.com.
Massive Bitcoin transfers executed
Whale Alert, a blockchain tracking platform, has been hacked by different BTC whales in the last 24 hours, with 35,237 Bitcoins worth approximately $1,363,740,000 ($1.36 Billion). i Detected multiple transactions to move from Coinbase to anonymous wallets. The largest recorded transaction amounted to 9,901 BTC (over $387 million). In addition, two similar transfers of 9,867 and 9,843 BTC were recorded.
Some of the biggest whales have transferred over 35,000 BTC in less than 10 transactions in the last 24 hours. According to experts, these moves may be the reason for increased market volatility. However, experts note that crypto whales often try to manipulate or influence the price of the cryptocurrency with such transactions.
Lark Davis, a popular crypto trader and analyst, suggests that these transactions could be internal transfers or a new mega-entry to the market:
It happened on Coinbase an hour ago. More than a billion Bitcoins have been moved from the exchange. There may be internal transfers. It could be a new mega-entry to the market. Either way, it’s a shit ton of BTC!!!
Glassnode, a leading on-chain data provider for Bitcoin, Published the BTC Accumulation Trend Score. The data shows that price insensitive Bitcoin holders of different wallet sizes are accumulating in the current market.
$146M worth of BTC liquidated in the last 24 hours
According to Coinglass, 44,692 traders have liquidated over $146 million in the last 24 hours. The largest recorded liquidation was $5.90 million worth of BTC. However, over $6.4 million in Bitcoin has been liquidated in the last 24 hours.
Bitcoin is down 0.74% in the last 24 hours and was trading at an average of $38,825 at the time of writing. The leading cryptocurrency recorded trading volume of $25,628,408,099 in the last 24-hour time frame.
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