Whales are suddenly relocating tens of thousands of Bitcoin (BTC) as the crypto king continues to consolidate above $30,000.
The blockchain-surveying service Whale Alert initially spotted the string of Bitcoin transactions to the tune of 28,377 BTC worth more than $856 million.
One of the largest transactions in the past day involves a crypto whale shifting 9,819 BTC worth nearly $300 million from an unknown wallet to another unknown wallet.
? ? ? ? ? ? ? ? ? ? 9,819 #BTC (296,729,876 USD) transferred from unknown wallet to unknown wallethttps://t.co/PZICpL0MSs
— Whale Alert (@whale_alert) April 14, 2023
The whale in question paid less than $8 to move the large Bitcoin trove.
In another transaction, an entity with deep pockets sent 5,503 BTC worth over $165 million between wallets of unknown origin and shelled out about $10 to process the transaction.
Another transfer witnessed a crypto whale shift 5,000 BTC worth over $150 million from an unknown wallet to another unknown wallet. The deep-pocketed investor paid less than $7 to move the big Bitcoin stack.
The other large BTC transactions in the last 24 hours involves the movement of Bitcoin between wallets of unknown origin and centralized crypto exchanges.
One whale withdrew hundreds of Bitcoin from crypto exchange Binance while another whale sent BTC to Coinbase.
At time of writing, Bitcoin is trading for $30,352, a fractional dip on the day.
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Featured Image: Shutterstock/Quanrong Huang/Chuenmanuse
Source: https://dailyhodl.com/2023/04/16/whales-abruptly-move-over-850000000-in-bitcoin-in-just-24-hours-heres-where-the-crypto-is-going/