Wealthy Bitcoin (BTC) traders have recently initiated substantial movements of billions of dollars in the flagship digital asset, shuttling significant amounts between crypto exchanges and unidentified wallets. According to data from the whale-tracking platform Whale Alert, one prominent BTC whale executed a noteworthy transaction on January 31st, transferring 35,049 BTC valued at $1,518,020,170 from an undisclosed wallet to another.
Several other significant transactions involving Bitcoin were recorded on the same day:
1. 25,266 BTC worth $1,099,679,062 moved from one unknown wallet to another.
2. 929 BTC worth $39,562,024 transferred from Coinbase to Gemini.
3. 2,500 BTC worth $106,647,312 moved from an unidentified wallet to PayPal.
4. 1,736 BTC worth $73,943,008 transferred from an unknown wallet to Gemini.
5. 34,300 BTC worth $1,476,690,397 moved from one undisclosed wallet to another.
6. 499 BTC worth $21,794,616 transferred from Binance to Kraken.
7. 2,482 BTC worth $106,303,167 moved from one unknown wallet to another.
8. 896 BTC worth $38,153,720 transferred from Coinbase to Gemini.
The cumulative value of Bitcoin moved by high-net-worth investors on that particular day amounted to approximately $4.5 billion. As of the current writing, Bitcoin is trading at $42,647, reflecting a 2% decrease over the past 24 hours and a 12% decline from its 30-day high of $48,494 established on January 11th.
