Crypto Whales Move Massive Amounts of Bitcoin (BTC)

Crypto whales News – Whales are moving huge amounts of Bitcoin as the leading cryptocurrency’s trademark volatility returns.

In the last 24 hours, as Bitcoin shot from a high of $9,804 to a low of $8,370, some of the biggest Bitcoin holders in existence began moving BTC at a rapid rate.

In all, whales have moved 37,225 BTC worth about $325.5 million in the last day.

The largest single transfer sent 10,000 BTC worth $86.8 million between two wallets of unknown origin.

The transfer could have been a trader moving assets from one wallet to another for security purposes, an exchange moving its assets around or an over-the-counter (OTC) sale between two private parties.

Here’s an overview of the biggest Bitcoin transactions in the last day.

• 655 BTC worth $5.7 million transferred from Binance to unknown wallet
• 680 BTC worth $5.9 million transferred from Binance to unknown wallet
• 716 BTC worth $6.2 million transferred from Binance to unknown wallet
• 726 BTC worth $6.3 million transferred from Binance to unknown wallet
• 4,500 BTC worth $39.0 million transferred from OKEx to Binance
• 1,000 BTC worth $8.7 million transferred from unknown wallet to OKEx
• 1,900 BTC worth $16.5 million transferred from OKEx to unknown wallet
• 1,500 BTC worth $13.0 million transferred from unknown wallet to Binance
• 750 BTC worth $6.5 million transferred from OKEx to Bitstamp
• 1,000 BTC worth $8.7 million transferred from unknown wallet to OKEx
• 1,000 BTC worth $8.7 million transferred from unknown wallet to OKEx
• 750 BTC worth $6.5 million transferred from OKEx to Bitstamp
• 10,000 BTC worth $86.8 million transferred from unknown wallet to unknown wallet
• 700 BTC worth $6.0 million transferred from unknown wallet to OKEx
• 3,999 BTC worth $34.6 million transferred from unknown wallet to OKEx
• 800 BTC worth $6.8 million transferred from OKEx to unknown wallet
• 1,000 BTC worth $8.3 million transferred from unknown wallet to OKEx
• 2,000 BTC worth $17.2 million transferred from unknown wallet to Bitmex
• 999 BTC worth $9.4 million transferred from Bitmex to unknown wallet
• 1,000 BTC worth $9.7 million transferred from Bitfinex to unknown wallet
• 950 BTC worth $9.2 million transferred from unknown wallet to Bitfinex
• 600 BTC worth $5.8 million transferred from unknown wallet to Huobi

Tuesday’s sell-off liquidated more than $700 million in longs on the crypto derivatives exchange BitMEX, according to the crypto data tracker Skew.

Despite the liquidations, Skew says the number of open contracts remains remarkably high as traders take new positions.

“Given the $700 million+ of sell liquidations and counting, open interest has been remarkably resilient – down only $200 million. Some traders are still able to take the other side.”