Whales Shift More $4 Billion in Bitcoin, While BTC Declines to $48,500
WikiBit 2021-09-03 17:54Bitcoin whales have transferred over $4 billion worth of Bitcoin, while smaller whales' transactions are reaching the highest levels since July
According to data from Whale Alert, in the last several hours, large holders of cryptocurrencies, known as whales, have made six big transfers of Bitcoin, carrying 13,500 BTC on average.
Each of these transfers, as per the details provided by the popular crypto tracking service, have been made by the Binance exchange, and the funds were pushed between its internal wallets. The total amount of BTC transferred is 81,556 coins, equaling $4,026,607,298.80.
On Sept. 2, the flagship cryptocurrency, Bitcoin, managed to break above the $50,000 level. Previously, this price mark was reached on Aug. 23 and, before that, back in mid-May. This time, however, BTC failed to fix above $50,000 and rolled back to the $48,400 area.
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