Bitcoin Whales Moving Massive Quantities Of Apex Crypto: Where They're Transferring Their BTC

A new Whale Alert report indicates that a deep-pocketed Bitcoin (CRYPTO: BTC) whale has moved 5,500 BTC worth $135 million to the unknown wallet. 

5,500 #BTC (135,951,266 USD) transferred from unknown wallet to unknown wallethttps://t.co/5bw1cGeybT

— Whale Alert (@whale_alert) February 16, 2023

Blockchain.com has reported that multiple addresses were used to carry out the transaction at a combined fee of approximately $15.61. 

At the time of writing, BTC was trading at $24,558, up 3.3% in the last 24 hours, and climbing 13% in the last seven days. 

Whale Alert also mentioned other Bitcoin transactions from unknown wallets to major crypto exchanges.

About 1,515 BTC worth $35.96 million were transferred from Binance to the unknown wallet. Similarly, 1,205 BTC worth $30.02 million were transferred from an anonymous wallet to Gemini. 

1,515 #BTC (35,963,275 USD) transferred from #Binance to unknown wallethttps://t.co/n0tUPknSk7

— Whale Alert (@whale_alert) February 17, 2023

Close to 971 BTC worth $23.90 million were transferred from an unknown wallet to Coinbase, and 1,299 BTC worth $31.34 million were transferred from an anonymous wallet to Huobi. 

971 #BTC (23,901,774 USD) transferred from unknown wallet to #Coinbasehttps://t.co/rcPalblGzY

— Whale Alert (@whale_alert) February 16, 2023

Last week, Whale Alert reported a large Bitcoin transaction worth $123 million, which originated from Gate.io and was transferred to an unidentified wallet. The amount sent was 5,278 BTC.

Earlier this week, the blockchain analytics platform Santiment said that investors should keep a close watch on the behavior of BTC whales.

“Bitcoin has launched to a six-month high, surprising the bearish trader sentiment. With prices jumping above $24,200 for the first time since August 14th, 2022, watch for whale addresses increasing as a sign of increased key stakeholder confidence,” Santiment tweeted. 

Santiment also suggested its followers monitor the trading volume on Bitcoin. 

#Bitcoin is up to $22.9k, and it saw a nice isolated price pump approximately 6 hours ago that pushed it ahead of most of the #altcoin pack. January was the time of #alt recoveries, so keep an eye on whales & trading volume shifting over to $BTC. 👀 https://t.co/xOGLc1hZhW pic.twitter.com/hIxI5Iqv96

— Santiment (@santimentfeed) February 15, 2023

Read Next: Bitcoin Miners Flee, Selling Their Balances In The Wake Of FTX's Fall