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Bitcoin Moves in Bulk, Coinbase to Anonymous Wallet -Breaking

by Mike Robinson

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© Reuters. Bitcoin is moving in Bulk. Coinbase moves to Anonymous Wallet.
  • An enormous amount of Bitcoin is transferred from Coinbase (NASDAQ) to an anonymized wallet.
  • An unknown whale received $128 million in BTC.
  • It amounts to 3,149 BTC.

The Coinbase cryptocurrency exchange reported that a large amount of Bitcoin was transferred to an unidentified wallet during the $40,000 price war. Whale Alert tweets that an anonymous wallet received 3,149 BTC. That’s equivalent to $128.390149 millions in Bitcoin.

Whale Alert monitors unusual transactions among different exchanges. The details of the wallet address where BTC was sent aren’t yet known.

The large number of BTC transactions shows that bitcoin HODLers are waiting to trade, regardless how volatile it is. This unusual situation is likely to increase the BTC price quickly. Glassnode reports that BTC holdings on Coinbase have fallen by 3755,000. This is almost 36.6% less than its April 2020 high (ATH).

BTC traded at $48,808.42 when this writing was done. There has been a 5.35% rise in price over the last 24 hours. BTC and altcoins have signaled that they are red, contrary to what was expected. In fact, BTC was registered at a price of $38,477.53, which led to many predictions over the coin’s expectant plunge to $30,000.

Besides BTC, many coins, including ETH (6.6%), BNB (4.22%), SOL (6.0%), SOL (5.1%), LUNA (7.54%), LUNA 6.54%, (5.13%), ADA (6.64%), etc., have changed their gears.

It is even possible to find tweets from Twitter (NYSE 🙂 that predict positive signs about Bitcoin. BTC will see an immediate mega-pumping in the very near future. The current value of Bitcoin is more than $40,000. It is therefore more likely that there will be further price increases.

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