$16 million: 4 biggest Bitcoin transfers in the past 24 hours

04 Mar, 2019 | Updated: 04 Mar, 2019
by Will Heasman
Price Action
$16 million: 4 biggest Bitcoin transfers in the past 24 hours

In the past 24 hours, there has been a total $16 million in Bitcoin (BTC) shifted to various locations throughout the cryptoverse.

The week has kicked off with a fairly significant amount of BTC moved in the space of a day. Some transactions even appearing to be from wallet to exchange.

According to the ever keen eyes of the Twitter account, Whale Alert, the first BTC transaction of 721 BTC (2,774,890 USD) kicked off a chain reaction, followed up by an even larger transfer of 1870 BTC ((7,194,006 USD) several hours later:

While both transfers went to exchanges, (a fact that always causes a slight ripple of uncertainty amongst the crypto community) the first one went to Coinbase, something indicative of a sale to fiat.

The third and fourth transfers occurred within the past few hours, with 1012 BTC (3,272,998 USD) transferred from an unknown wallet to bitFlyer.

and 869 BTC (3,272,998 USD) transferred from bitstamp to an unknown wallet:

                                                                                        

The fourth BTC payment went to an unknown wallet, causing far less panic (for now)

Interestingly as recently reported, Bitcoin whales have seemingly increased their overall holdings by apparently buying the dips.

The 100 richest addresses currently have between 10,000 and 1,000,000 Bitcoin which equates to 16.18% of all the BTC in circulation. Between December 17, 2018, and February 25, 2019, the five largest wallets belonging to the exchanges increased by 2,879 BTC, about $10.8 million.

Read more: Whale Watching: Ripple destroys competition with combined $375M whale moves; Bitcoin whales have spent the last two months acquiring thousands of coins

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such unknown huge transfers to coinbase is normal however it seems to be not very legal. coinbase always does some kind of dirty activities
04 Mar, 2019 - 16:22
seems like some huge traders leaving poloniex and that's the right choice
05 Mar, 2019 - 21:25
Soon Poloniex will end up with Grin without normal coins.
05 Mar, 2019 - 23:31

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