Whales Suddenly Move $ 320,000,000 in Bitcoin to One Destination – Here’s Where Crypto Heads

[ad_1]

Crypto whales just moved more than 5,800 Bitcoin (BTC) worth more than $ 327 million to a single destination, according to a whale-watching platform.

Whale Alert informs its 1.8 million subscribers in a series of tweets that in the past 24 hours, crypto whales have moved thousands of BTC amid a correction that saw Bitcoin drop to a new low 30 days of $ 52,416.

Five of the transactions involved moved BTC from wallets of unknown origin to the popular US-based crypto exchange, Coinbase. Meanwhile, a transaction moved a large sum of Bitcoin from the Binance global crypto exchange to Coinbase.

Here is a summary of BTC transactions:

While crypto investors tend to fear that a massive influx of Bitcoin into crypto exchanges could indicate downward selling pressure, analyst firm Into the Block reports that centralized exchanges have seen more exits than. entries over the past week.

Crypto Intelligence Platform Says,

“Bitcoin recorded almost $ 2 billion in net outflows from centralized exchanges, the highest level in five weeks.”

At the time of writing, BTC is down nearly 7.14% on the day to $ 52,557.

Check Price Action Don’t Miss a Beat – Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check the latest news Reviews of Disclaimer: The opinions expressed in Daily Hodl are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling 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 / agsandrew / S-Design1689

[ad_2]