Bitcoin Whale Abruptly Moves Over $280,000,000 in BTC – Here’s Where the Crypto’s Headed

New data reveals that a Bitcoin (BTC) whale is suddenly shifting around billions of dollars worth of the top crypto asset by market cap to and from wallets and crypto exchange platforms.

According to whale-surveying platform Whale Alert, the deep-pocketed BTC investor shifted 7,000 BTC, worth just over $280 million, on the night of January 25th from one unknown crypto wallet to another.

Before that, the high-net-worth crypto trader made several other transactions. Other noteworthy trades on Whale Alert’s radar include:

• 7,231 BTC worth $288,533,447 transferred from an unknown wallet to another unknown wallet.
• 3,505 BTC worth $138,712,948 transferred from an unknown wallet to another unknown wallet.
• 511 BTC worth $20,393,769 transferred from an unknown wallet to crypto exchange platform Kraken.
• 509 BTC worth $20,585,936 transferred from an unknown wallet to crypto exchange platform Bitfinex.
• 4,018 BTC worth $158,544,427 transferred from an unknown wallet to another unknown new wallet.
• 6,969 BTC worth $278,521,168 transferred from an unknown wallet to digital asset manager Coinbase Institutional.

According to the data, in total, the crypto whale moved around just over $1 billion worth of the flagship digital asset – the overwhelming majority going to unknown wallets.

Bitcoin is trading for $41,889 at time of writing, a 4.5% increase during the last 24 hours and an 8.3% rise from its seven-day low of $38,678 set on January 23rd.

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Featured Image: Shutterstock/Tithi Luadthong