According to the transactions detected by Whale , a significant amount of BTC was transferred to anonymous wallets in 3 separate transactions. According to the report, $1.17 billion worth of Bitcoin was withdrawn from the Coinbase exchange, with 3 transfers of close to 10,000 BTC each. Bitcoin price, on the other hand, is advancing with 1.5 percent increase in value in the last 24 hours and is close to the $ 40,000 limit.
While transactions were handled by different wallet owners, the largest single transaction recorded was 9,901 BTC with over $387 million. The other 2 major transactions were 9,867 and 9,843 BTC transfers.
While these transactions are thought to be internal transfers, some market participants interpret the high amount of Bitcoin withdrawals as a bullish expectation. Historical data shows that transfers from cryptocurrency exchanges to external wallets increase during periods of bullish expectations. On the other hand, when market participants increase their bearish expectations, they tend to sell their crypto assets by transferring them to exchanges.
Bitcoin transfers made in the last 24 hours created a stir among market participants. According to a comment made by Glassnode, the data shows that Bitcoin investors continue to accumulate BTC in a price insensitive way.
$81 million worth of BTC liquidated in the last 24 hours
According to data from Coinglass, 47,939 investors have liquidated over $174 million in the last 24 hours. The largest amount of liquidity recorded was a $5.90 million Bitcoin futures transaction. Bitcoin futures with a total value of 81 million were liquidated, while Ethereum futures took the second place with $ 33 million. OKX exchange ranked first in total liquidations, while liquidations on Binance exchange ranked second.
Bitcoin price is $39.040.21 at the time of writing and the last 24-hour trading volume is $23,495,923,523. BTC price is down -1.7% in the last 24 hours. There is a circulating supply of 19 Million BTC coins, with a total supply of 21 Million coins.