Over $1 Billion In Bitcoin (BTC) Moved From Coinbase To Unknown Wallets In The Last 24 Hours: Institutional Buying or Manipulation?

About 35,000 BTC worth over $1 billion in the last 24 hours have been moved from the US-based cryptocurrency exchange Coinbase to unknown wallets.

Monitoring crypto wallet movements Whale Alertin his tweets on Twitter. last 24 hours in about $1.36 billion worthwhile 35,237 units of bitcoin Coinbasemoved to unknown wallets other than multiple operations reported. recorded largest single transactionvalue 387 million dollars on the 9,901 BTCHowever, while the transaction 9,867 and 9,843 BTCTwo similar transfers of .

Bitcoin investor Lark Davisthese transactions intra-exchange transfers or a new corporate entry into the market Said it could be.

3 transactions like this happened a few hours ago on Coinbase. more than 1 billion bitcoin moved. There may be intra-exchange transfers. There may be a new institutional entry into the market. Great transactions anyway.

with this of whales usually during periods when investors are undecided about the direction of the market. attempts to manipulate or influence the price of a cryptocurrency by making such transactions known.

coinglass according to data in the last 24 hours in cryptocurrency markets 44,692 investors, of $146 million was liquidated. These purges $6.4 million While it happens on Bitcoin $5.9 million The largest liquidation in a single transaction worth BTC/USD occurred at par.

bitcoin, March 9 President of the USA on Joe Bidenquickly after signing an executive order on cryptocurrencies $42,438 levels, but relapsed the next day. $39,000 levels had fallen.

CoinGecko according to data bitcoinat the time of writing $39,109 trading levels.

With the Statements of US Treasury Secretary Yellen, Bitcoin Passed $ 41,500

Related article: With the Statements of US Treasury Secretary Yellen, Bitcoin Passed $ 41,500

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