According to a respectful cryptocurrency tracker Whale Alert, over the past 24 hours, an astonishing amount of Bitcoin has been transferred by wallets tagged as unknown. The overall amount of BTC that has changed hands surpasses $2.3 billion in fiat.
It was carried in five massive transactions, the smallest of which moved 4,799 BTC. One transferred 7,452 BTC and the other three moved over 8,100 Bitcoin each. The biggest one of them contained 8,734 BTC worth $560,821,374.
From these five enormous transfers, about 1 billion USD worth of Bitcoin was withdrawn from the Coinbase cryptocurrency exchange — 8,172 BTC and 8,136 BTC.
Earlier today, prominent cryptocurrency trader and analyst Ali Martinez also shared that within the past day, more than 25,000 BTC worth roughly $1.6 billion were accumulated by anonymous blockchain addresses. The analyst noted that this was the biggest Bitcoin inflow into accumulation wallets in 2024 so far.
On Friday, Bitcoin plunged by 5.29%, dropping from $66,490 to landing at $62,975. Over the last 24 hours, the world’s flagship cryptocurrency has managed to stage a small recovery, regaining the $64,560 price tag.