A mysterious Bitcoin (BTC) whale suddenly moves hundreds of millions of dollars worth of king crypto from a centralized crypto exchange platform.
New data from whale research platform Whale Alert reveals that the big-pocketed investor abruptly moved 5,140 BTC, or $134 million worth of crypto assets by market cap, from Dubai-based crypto exchange Bybit to an unknown wallet.
The move comes as data from prominent crypto analytics platform Santiment finds that the amount of BTC sitting on exchanges has reached its lowest point in six years.
In addition, the market intelligence agency finds that Bitcoin investors with big pockets make an average of 57,400 BTC transactions worth more than $100,000 per week.
“Only 5.8% of Bitcoin is currently on exchanges, which is officially the lowest level crypto’s highest market cap has ever been since December 17, 2017. We also continue to see reasonable amounts of BTC whale trades (57,400 per week).”
Other notable whale trades on Whale Alert’s radar include:
- 2,910 BTC worth $76,010,381 was transferred from an unknown wallet to US-based crypto exchange Coinbase.
- 4,000 BTC worth $106,039,171 transferred from crypto exchange Bitfinex to an unknown wallet.
- 1,414 BTC worth $37,446,124 transferred from crypto exchange Gemini to an unknown wallet.
- 1,162 BTC worth $30,066,143 transferred from Binance to an unknown wallet.
Bitcoin is trading at $25,938 at the time of writing, down fractionally over the past 24 hours.
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Featured image: Shutterstock/Tithi Luadthong