Deep-pocketed Bitcoin (BTC) traders are suddenly moving billions of dollars worth of the flagship digital asset to and from crypto exchanges and unknown wallets.
New data from whale-surveying platform Whale Alert reveals that one BTC whale abruptly moved 35,049 BTC worth $1,518,020,170 from an unknown wallet to another on January 31st, the biggest transaction involving the crypto king on the day.
Other notable transactions on Whale Alert’s radar involving the top crypto asset by market cap on that same day include:
- 25,266 BTC worth $1,099,679,062 transferred from an unknown wallet to another unknown wallet.
- 929 BTC worth $39,562,024 transferred from crypto exchange Coinbase to crypto lender Gemini.
- 2,500 BTC worth $106,647,312 transferred from an unknown wallet to payments platform Paypal.
- 1,736 BTC worth $73,943,008 transferred from an unknown wallet to Gemini.
- 34,300 BTC worth $1,476,690,397 transferred from one unknown wallet to another unknown wallet.
- 499 BTC worth $21,794,616 transferred from crypto exchange Binance to crypto exchange Kraken.
- 2,482 BTC worth $106,303,167 transferred from one unknown wallet to another unknown wallet.
- 896 BTC worth $38,153,720 transferred from Coinbase to Gemini.
The total amount of Bitcoin moved by high-net-worth investors yesterday comes out to about $4.5 billion.
Bitcoin is trading for $42,647 at time of writing, a 2% decrease during the last 24 hours and a 12% decrease from its 30-day high of $48,494 set on January 11th.
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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.
Generated Image: Midjourney
