According to CoinMarketCap data, it fell to $ 39,250 during the day. bitcoin After the price, Whale Alert, which tracks cryptocurrency whales, detected two major Bitcoin transfers.
6,800 Bitcoin Transferred to Cold Wallet
6,800 Bitcoins from Coinbase, one of the world’s largest exchanges, were transferred to the cold wallet.
Two major BTC transfers took place from Coinbase’s cryptocurrency wallet to a cryptocurrency wallet that Whale Alert describes as an “unknown account”.
In the first of the transfers, 5,100 BTC, which corresponds to approximately $206 million, and 1,700 BTC, corresponding to $67 million, in the other, were transferred to the cold wallet.
🚨 🚨 🚨 🚨 🚨 🚨 1,700 #BTC (67,391,208 USD) transferred from #coinbase to unknown wallethttps://t.co/OLHcaI3L96
— Whale Alert (@whale_alert) April 12, 2022
It is thought that these transactions can be explained by the whale account buying Bitcoin from the bottom of the cryptocurrency exchange and transferring the crypto money to the cold wallet.
$428 Million Cryptocurrency Liquidated
According to data from Coinglass, nearly half a billion dollars have been liquidated in the last 24 hours on major exchanges such as Binance, Huobi, Bitfinex and OKEx.
Although the majority of the liquid positions are long, the 45.2 million dollar short position, which is a small amount compared to the longs, was also liquid.
It is claimed that the reason for the decrease in the BTC price is that investors are avoiding risky assets with the US dollar index exceeding 100. In addition, the FED’s constant signals of interest rate hikes cause investors to switch to the dollar.