Main navigation

Whopping 10,000 BTC Shoveled to Coinbase, Community Wonders

Fri, 05/19/2023 - 15:45
article image
Yuri Molchan
Staggering lump of Bitcoin has been moved to largest US crypto exchange
Whopping 10,000 BTC Shoveled to Coinbase, Community Wonders
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Chinese crypto journalist and blogger Colin Wu has shared a link to BitInfoCharts to show that earlier today a staggering 10,000 Bitcoin worth $267 million were transferred to the Coinbase exchange.

Huge BTC lump moved to Coinbase

The transfer was made around 19 hours ago, when the flagship cryptocurrency was trading above the $27,600 level. Prior to being moved to Coinbase, this huge chunk of crypto was sent from one anonymous wallet to another, and only then was it moved to the crypto exchange.

Since then, the price has gone down by 2.04%, now exchanging hands at $26,845. The same wallet sent 10,000 BTC to the same exchange on May 12 as well.

In the comments below the tweet, Bitcoin holders began pondering about the possible sender and receiver of the crypto. One Twitter user stated that he intends to short Bitcoin after this massive BTC transfer.

'Rich Dad Poor Dad' Author Says 'Buy Bitcoin, Crash Landing Coming'

Miners sell 2,000 BTC on exchanges

Earlier it was reported that before the price of Bitcoin fell by 3%, an anonymous whale sent 1,750 BTC to Binance. The @lookonchain account pointed out that on April 21, the same wallet transferred a more than twice as large BTC amount to Binance — 5,791 BTC — and the price also went down.

The account suggested that Twitter users keep an eye on that whale in the future. That wallet was not the only one who sold a lot of Bitcoin within the last 24 hours.

Crypto analyst Ali Martinez spread the word that during the last 24 hours, the Bitcoin Miner Reserve plunged to 1.825 million BTC. This indicates that miners have sold about 2,000 Bitcoins worth $54 million.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at