While the bitcoin rate was fixed just above the level of $23,000, the whales of the market – large bitcoin and ethereum investors – began to transfer their savings.
In total, the whales transferred a whopping $743 million in crypto assets in just three transactions. The first translation was
fixed on Friday, February 3, for 13,369 BTC (estimated value of $311 million) from one unknown address to another. Cryptocurrency came to the wallet, which became the 65th largest accounted wallet, according to
data BitInfoCharts.
The following transaction was carried out by an ethereum whale, which
translated 186,009 ETH worth $309 million from one unknown wallet to another.
The last transaction was made a few hours later, when
recorded on Whale Alert transfer of 5,278 BTC worth about $123 million from the Gate.io exchange to an unknown wallet.
The transaction may indicate that a major transaction was made to withdraw bitcoin from the exchange to a cold wallet in an effort to obtain maximum asset security.
After an uptrend in January, the growth of bitcoin slowed down at $23,500.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
