Bitcoin Whale Moves Over $600,000,000 in BTC – Here’s Where the Crypto Is Headed

A Bitcoin whale is transferring hundreds of millions of dollars worth of BTC in the midst of a correction that’s impacting the broader crypto markets.

According to blockchain tracker Whale Alert, the massive crypto holder moved exactly 10,000 BTC from multiple wallet addresses coming from Bitcoin-custodial firm Xapo to the global crypto exchange Binance. At the time of the transfer, the Bitcoin stash was worth nearly $608.8 million.

The large Bitcoin whale paid 0.00005752 BTC, worth $3.37 at time of writing, in transaction fees for the transfer. Bitcoin is currently exchanging hands at $58,612.

Whale Alert is also reporting other large Bitcoin transactions in the last 48 hours amid the crypto market pullback. Three transactions involve whales moving hundreds of millions of dollars worth of Bitcoin between crypto exchanges.

In two transactions, whales withdrew nearly $250 million worth of Bitcoin from Coinbase. Other transactions saw whales moving BTC between Xapo and crypto exchanges.

Here’s the summary of some of the whale transactions in the last two days:


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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia