Massive Bitcoin Movements: 4 Of The Richest BTC Wallets Move $634 Million

The crypto market looks really great today with the king coin trading in the green, just like other important coins on CMC.

At the moment of writing this article, Bitcoin is priced at $11,476.59.

It seems that there were some pretty impressive moves in BTC these days, as noted by the online publication the Daily Hodl.

Bitcoin whales move massive amounts of money

Four of the richest Bitcoin wallets in existence just moved $634 million in BTC in just two minutes – this reportedly triggered confusion among a number of crypto traders.

The crypto analytics tracker BTC Block Bot was the one that initially detected the massive Bitcoin movements.

Whale Alert noted the fact that two of the addresses that have been involved in these massive transfers were connected to Coinbase, and Binance, and traders were left wondering why the exact same amount of BTC left the two exchanges at the very same time.

Another important issue worth mentioning is that on-chain market intelligence firm Glassnode reveals that the number of high net-worth individuals who are entering the crypto space on surging.

Crypto investors acquire BTC at a fast rate

It looks like crypto investors seem to be acquiring BTC at a faster rate.

It’s also important to note the fact that according to Network Health and Liquidity, the sentiment among traders is on the rise.

“Meanwhile, long-term hodlers can remain confident in the strength of bitcoin’s underlying fundamentals, while simultaneously looking out for good buying opportunities in the coming days and weeks.”


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Coinbase
Coinbase

Coinbase is a digital currency exchange headquartered in San Francisco, California.

Trending news

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

5

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

2486 Articles

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.90

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Trending news