In the realm of cryptocurrency, Bitcoin, introduced by Satoshi Nakamoto in 2009, recently hosted significant whale movements that have once again captured the attention of crypto enthusiasts worldwide. According to Whale Alert, an unknown wallet transferred a substantial amount of 14,500 BTC to Coinbase, stirring the market.
These whale activities around Bitcoin coincided with a price drop, seemingly amplifying their impact on the broader crypto market last Saturday. A leading crypto analyst, Muro Crypto, reiterated bullish sentiments for Bitcoin amidst current market dynamics.
Whale Alert’s tracking indicates that in addition to the 14,500 BTC transfer, multiple unknown wallets transferred 8,936 BTC to Coinbase, while 5,564 BTC were moved from Coinbase to unknown wallets. These transfers took place over several transactions, highlighting the significant flow of Bitcoin through Coinbase.
The movement of BTC to Coinbase occurred in four separate transactions. One unknown wallet address, 1J2rZGuvnb…HHUyMA3r6, was responsible for transferring 3,144 BTC in one of these transactions. The subsequent transaction involved another 3,143 BTC sent from a different address, 1EmtKQksts…9WLmnbNz5y, to Coinbase.
A third transaction, involving two wallet addresses, saw a collective transfer of 500 BTC to Coinbase. The fourth transaction, although smaller than the first two, concluded with 2,149 BTC being moved from the wallet 1PWQwQpPkA…SMAgdaEPzW to Coinbase.
Conversely, the 5,564 BTC leaving Coinbase were split across four transactions. The first of these saw 1,335 BTC sent to the address 1EyuZyu87o…PmJX5XECRb, and the remaining transactions involved similar amounts being moved to other unknown wallets. Amidst these whale transfers, Bitcoin’s price showed a modest 0.31% decline over 24 hours, trading at $41,973, with a weekly drop of 4.55%. Muro Crypto, a prominent crypto analyst, shared an optimistic market outlook despite the day’s downturn, expressing confidence in a potential Bitcoin rally.