Chinese language crypto journalist and blogger Colin Wu has shared a hyperlink to BitInfoCharts to indicate that earlier at present a staggering 10,000 Bitcoin value $267 million had been transferred to the Coinbase alternate.

Big BTC lump moved to Coinbase

The switch was made round 19 hours in the past, when the flagship cryptocurrency was buying and selling above the $27,600 degree. Previous to being moved to Coinbase, this enormous chunk of crypto was despatched from one nameless pockets to a different, and solely then was it moved to the crypto alternate.

Since then, the worth has gone down by 2.04%, now exchanging palms at $26,845. The identical pockets despatched 10,000 BTC to the identical alternate on Could 12 as effectively.

At this time, a handle transferred 10,000 BTC (about $267 million) to Coinbase. On Could 12, this handle has transferred 10,000 BTC to Coinbase, when the BTC worth was $27,620. H/T @EmberCN https://t.co/i6x2FrVcKL

— Wu Blockchain (@WuBlockchain) Could 19, 2023

Within the feedback beneath the tweet, Bitcoin holders started pondering concerning the attainable sender and receiver of the crypto. One Twitter consumer said that he intends to quick Bitcoin after this large BTC switch.

Miners promote 2,000 BTC on exchanges

Earlier it was reported that earlier than the worth of Bitcoin fell by 3%, an nameless whale despatched 1,750 BTC to Binance. The @lookonchain account identified that on April 21, the identical pockets transferred a greater than twice as massive BTC quantity to Binance — 5,791 BTC — and the worth additionally went down.

The account steered that Twitter customers keep watch over that whale sooner or later. That pockets was not the one one who bought loads of Bitcoin throughout the final 24 hours.

Crypto analyst Ali Martinez unfold the phrase that over the past 24 hours, the Bitcoin Miner Reserve plunged to 1.825 million BTC. This means that miners have bought about 2,000 Bitcoins value $54 million.