Amid growing prices, large Bitcoin transactions have started picking up in the past 48 hours. Whale Alert, a well-known blockchain tracking and analytics platform, recently highlighted a Bitcoin transfer worth nearly $190 million.
According to Whale Alert, a crypto address moved 4,000 Bitcoin from digital exchange Gemini to Coinbase on 29 March at around 17:09 UTC. The recent transfer is one of the biggest BTC whale movements in the past 48 hours.
BTC transactions with a value of at least $100,000 have surged substantially in the last few days. Yesterday, over 3,000 such transfers were executed within the time period of 4 hours.
“Bitcoin whales have been active recently. The 3,266 $100k+ transactions between 2 pm and 6 pm UTC were the most in a 4-hour interval since March 1st. Market prices peaked at just above $48.0k 8 hours ago, and they’ve now come down just slightly to $47.3k,” Santiment noted in a recent update.
Bitcoin smashed the $48,000 price level on Tuesday for the first time since 1 January 2022. Amid a spike in its price, liquidations across the crypto market have increased.
Dormant Bitcoin Wallet
Yesterday, Whale Alert also highlighted the activation of a dormant Bitcoin account after more than 7 years. “A dormant BTC address containing 1,000 coins (47,546,005 USD) has just been activated after 7.7 years (worth 583,859 USD in 2014),” the company added.
Recently, Finance Magnates highlighted a sharp surge in old BTC supply as the percentage reached 63%, an increase of more than 9% in the past 8 months. Long-term BTC holders have stopped selling their digital assets in the last 12 months. “The proportion of coin supply aged 1yr+ is rapidly approaching all-time-highs, as coins accumulated in Q1 of the 2021 bull market remain unspent in investor wallets,” Glassnode mentioned in its report.
Amid growing prices, large Bitcoin transactions have started picking up in the past 48 hours. Whale Alert, a well-known blockchain tracking and analytics platform, recently highlighted a Bitcoin transfer worth nearly $190 million.
According to Whale Alert, a crypto address moved 4,000 Bitcoin from digital exchange Gemini to Coinbase on 29 March at around 17:09 UTC. The recent transfer is one of the biggest BTC whale movements in the past 48 hours.
BTC transactions with a value of at least $100,000 have surged substantially in the last few days. Yesterday, over 3,000 such transfers were executed within the time period of 4 hours.
“Bitcoin whales have been active recently. The 3,266 $100k+ transactions between 2 pm and 6 pm UTC were the most in a 4-hour interval since March 1st. Market prices peaked at just above $48.0k 8 hours ago, and they’ve now come down just slightly to $47.3k,” Santiment noted in a recent update.
Bitcoin smashed the $48,000 price level on Tuesday for the first time since 1 January 2022. Amid a spike in its price, liquidations across the crypto market have increased.
Dormant Bitcoin Wallet
Yesterday, Whale Alert also highlighted the activation of a dormant Bitcoin account after more than 7 years. “A dormant BTC address containing 1,000 coins (47,546,005 USD) has just been activated after 7.7 years (worth 583,859 USD in 2014),” the company added.
Recently, Finance Magnates highlighted a sharp surge in old BTC supply as the percentage reached 63%, an increase of more than 9% in the past 8 months. Long-term BTC holders have stopped selling their digital assets in the last 12 months. “The proportion of coin supply aged 1yr+ is rapidly approaching all-time-highs, as coins accumulated in Q1 of the 2021 bull market remain unspent in investor wallets,” Glassnode mentioned in its report.
Source: https://www.financemagnates.com/cryptocurrency/news/bitcoin-whale-transfers-4000-btc-from-gemini-to-coinbase/