The whale transfer, which was previously cited as one of the factors that triggered the 8% decline in Bitcoin (BTC), recently occurred again.
By Whale Alert, which tracks big transfers transmitted an anonymous wallet based on data $133 million worth 3,109 BitcoinsUS-based cryptocurrency exchange to Coinbase sent.
A similar situation is about 4 days ago It took place shortly after the United States approved spot Bitcoin exchange-traded fund (ETF) applications and caused the Bitcoin price to drop. Among the factors that reduce 8% had been seen. In those days, whales flooded Coinbase with Bitcoins and the value of the transfers was generally exceeded $100 million.
Although the recent $133 million transfer has not yet triggered a huge decline like last time panic among investors It was enough to create.
According to CoinGecko data, in the last 24 hours 0.6% increase Bitcoin exhibiting, at the time of writing from $42,875 is being traded.