Whale Alert, which monitors the movements of crypto whales, has detected that an account on the Coinbase exchange has transferred two large Bitcoin (BTC) to cold wallets.
This transaction took place after Bitcoin surged above $41,000. According to data from
Whale Alerts, anonymous whales made a total of 7,831 transactions from Coinbase exchange to 19rTnWD1ZbUE7B9q1WZx2ZiswjiyyMUYbc and bc1q57lzn64qpmrc3289jarge3g7nmlfwqu8jfdev0.
Whales pulled 6,018 and 1,813 BTC worth $254,646,370 and $75,743,920 respectively. According to
BitInfoChart, after the transactions, the second wallet has transferred Bitcoins to another wallet at the time of writing. With 6,018 BTC holders, he still holds Bitcoins. Although the wallet received 300 BTC on March 25, it transferred it the same day.
Bitcoin targets 46,000
Crypto Capital Venture founder Dan Gambardello said that the next target for Bitcoin price should be $46,000.
Gambardello believes that as Bitcoin moves through a one-shoulder head-to-shoulder reversal pattern, a price increase may occur.
Bitcoin price is driven by its close correlation with the Nasdaq and S&P 500 indices, according to data from on-chain data provider IntoTheBlock. As a result, the asset has increased.
At the time of writing, Bitcoin (BTC) is trading at $42,234 according to Binance data.
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