There was a slight correction after the Bitcoin (BTC) price hit a record the previous day. According to CoinMarketCap data, the leading cryptocurrency was trading at $ 31,785 at the time of writing. Along with bitcoin price movements, there is a serious movement in transfers.
According to Whale Alert, there has been activity in Bitcoin transfers for the last 2 days. A large amount of BTC flows from stock exchanges to unknown wallets, from unknown wallets to exchanges and from unknown wallets to unknown wallets. Finally, in the past few hours, 3,727 BTC (about $ 117,534,074) were transferred from an anonymous wallet to an anonymous wallet. At the same time, 5,945 BTC and 4,227 BTC were transferred between two unknown wallets in 2 separate transactions.
Another transaction that drew attention last night was the transfer of 7,500 Bitcoin from unknown wallet to another unknown wallet. This move, which aroused excitement in the cryptocurrency community, has led to many different ideas. Some names stated that institutional investors had transactions, while others stated that whales were taking action.
Since yesterday, there has also been a significant amount of Bitcoin outflows from exchanges. Finally, 10 hours ago, 1081 BTC was transferred from Coinbase to an unknown wallet.
Apart from that, there were 7500 BTC outflows from Coinbase yesterday. A large amount of BTC has been forwarded to an unknown wallet. This move directly created an institutional investor image in people. Apart from this, the number of people who explain the reason for this movement as “HODL” is too high to underestimate.