Prominent blockchain sleuth Whale Alert, which tracks large cryptocurrency transfers and shares the details of them on its X account and its own website, has reported that a major Bitcoin transaction has arrived on major U.S. exchange (and the largest in trading volume), Coinbase. To be more precise, it was its branch working with institutional clients — Coinbase Institutional.
The transfer carried 619 Bitcoins valued at $68,110,766 at the time of the initiated transaction.
Now that Bitcoin has lost the $110,000 level and is currently changing hands roughly at $109,590 per coin, whales’ activity seems to have increased. After the aforementioned transaction, another, much bigger one was spotted by the same data source, also with the participation of Coinbase.
This time, 8,022 BTC worth a massive $878,917,974 were withdrawn from Coinbase to an anonymous blockchain wallet.
According to the details provided by Whale Alert, that transaction was comprised of several tens of transfers, where each carried roughly 200 BTC. All of them went to a single cryptocurrency wallet.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team