Mysterious Bitcoin Whale Abruptly Moves Over $134,000,000 in BTC – Here’s Where the Crypto’s Headed – The Daily Hodl

A mysterious Bitcoin (BTC) whale is suddenly shifting hundreds of millions of dollars worth of the king crypto out of a centralized crypto exchange platform.

New data from whale-surveying platform Whale Alert reveals that the deep-pocketed investor abruptly moved 5,140 BTC, or $134 million worth of the top crypto asset by market cap, from Dubai-based crypto exchange Bybit to an unknown wallet.

The move comes as data from prominent crypto analytics platform Santiment finds that the amount of BTC sitting in exchanges has reached its lowest point in six years.

Furthermore, the market intelligence firm finds that deep-pocketed Bitcoin investors are averaging 57,400 BTC transactions that exceed $100,000 in value per week.

“Just 5.8% of Bitcoin is currently sitting on exchanges, which is officially the lowest level crypto’s top market cap asset has seen since December 17, 2017. We are also continuing to see reasonable amounts of BTC whale transactions (57,400 per week).”

Source: Santiment/X

Other notable whale transactions on Whale Alert’s radar include:

Bitcoin is trading for $25,938 at time of writing, a fractional decrease during the last 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


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.

Featured Image: Shutterstock/Tithi Luadthong

Source link