Bitcoin (BTC)Crypto News

Bitcoin Whale Moves $ 97,296,884 from Crypto Giant Coinbase in Massive Asset Transfer

A giant whale turns heads after falling Bitcoin nearly a hundred million dollars worth of relocated in a single transaction.
The whale tracking bot Whale Alert first discovered the huge BTC transfer and reported the details to its 1.9 million Twitter followers.

The whale involved transferred the 2,001 BTC worth $ 97.29 million from the US crypto exchange Coinbase.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,001 #BTC (97,296,884 USD) from #Coinbase to unknown Wallet transferred https://t.co/iViBpggz3J

– Whale alert (@whale_alert) December 23, 2021

Distributed ledger explorer Blockstream says the crypto investor paid 0.000102 BTC in transfer fees that were worth $ 5.21 at the time of writing.

If you look closely at the receiving address, BitInfoCharts shows that the wallet in question belongs to the OKEx crypto exchange. The address that collected the BTC stack is a cold wallet that indicates that the bitcoin has been taken offline.

As the whale shifts BTC to the cold store, data analytics firm Glassnode says huge amounts of Bitcoin are wandering from weak hands to companies known to be dormant on their cryptos.
Source: Glassnode / Twitter
“The Bitcoin– Offering is moving from a liquid to an illiquid state at the rate of 100,000 BTC ($ 5.01 billion) per month. Illiquid coins are those that are sent to an address with a low history of spending, generally associated with the accumulation of investors and buyers on the Bull market is associated. “

At the time of writing, Bitcoin is up 5.83% for the day and is trading for $ 51,283.
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Source: Crypto News Deutsch

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