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The huge cryptokit caught the attention of the Whale Alert bot by moving around $ 100 million worth of bitcoins.
“2001 BTC in the amount of $ 97.29 was withdrawn from Coinbase to an unknown wallet,” it was tweeted.
Blockstream analyst firm Blockstream claims that a large crypto investor paid 0.000102 BTC or $ 5.21 as a commission.
According to BitInfoCharts, the recipient wallet is owned by the OKEx crypto exchange. The bitcoins were then sent to a cold wallet.
According to experts of the analytical company Glassnode, now huge volumes of bitcoins are being transferred to organizations that send cryptocurrencies for long-term storage.
Of course, the current transfer did not contribute to this conclusion, as Coinbase is most commonly used by institutional investors, and the amount of BTC does not indicate a retail investor in any way.
The Bitcoin supply is shifting from liquid to illiquid at a rate of 100,000 BTC ($ 5.01 billion) per month.
Illiquid coins are coins sent to an address with little spending history, usually associated with an accumulation of investors and buyers in a bull market.
#Whale #Moves #BTC #Coinbase #Unknown #Wallet
