While the cryptocurrency market has been fluctuating for a while, Bitcoin Its price is trading just above $42,000. While the price has recorded a slight decline in the last 24 hours, the 7200 BTC sent to Coinbase escalated things further.
According to Whale Alert, there have been five significant whale movements in the last 24 hours. 7200 Bitcoin leading exchanges in transactions made by unknown wallets coinbaseIt was sent to.
Unknown wallet, 1B31duP63n…JMAtzxnUgz noted that 2,310 BTC was transferred to Coinbase in the transfers it made. Additionally, another wallet address, 1K9kvhQVMG…RwH2jX8SFn, transferred 2,461 BTC to the central exchange.
As we reported as Koinfinans.com, the above-mentioned transfers were accompanied by three more whale transactions, transferring 5,995 BTC to Coinbase. This situation includes an important detail that may trigger a decrease in price as it will increase the existing supply. It is quite significant that the recent decline in price proceeds in parallel with these whale movements.