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Bitcoin Whales Move $1,450,000,000 in BTC in Just 24 Hours – Here’s Where the Crypto Is Heading

March 05, 2021

Large crypto holders are moving massive amounts of Bitcoin amid the market downturn.

A total of $1.45 billion has been transferred in just 24-hours, according to blockchain tracker Whale Alert.

The biggest movement sent 13,071 BTC worth $673.8 million in a single transaction. The giant Bitcoin holder in question moved the flagship crypto-asset between two unknown wallets.

This suggests the movement could have been an over-the-counter trade, or an entity moving crypto around for security purposes.

? ? ? ? ? ? ? ? ? ? 13,071 #BTC (673,793,774 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/ipcRMudVVV

— Whale Alert (@whale_alert) March 4, 2021

Another huge Bitcoin whale moved 7,588 BTC worth $387.4 million at the time of the transaction, also from one unknown wallet to another.

In total, Whale Alert spotted 13 large transfers by some of the biggest Bitcoin holders in existence, moving a total of 41,847 BTC.

About half of the transactions happened between unidentified wallets. Three transfers sent assets to the crypto custodian Xapo, including one such transfer from Coinbase. Another whale moved their BTC from Xapo to Binance.

Coinbase recorded two outbound transfers from its custody to unknown wallets and one inbound transfer hailed from Binance.

Luxembourg-based crypto exchange Bitstamp witnessed one large transaction that went to an unknown wallet.

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 losses 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.

Featured Image: Shutterstock/Phonlamai Photo