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Anonymous whales moves nearly $890 million in Bitcoin as price has come close to $44,000

A few hours ago, the Whale Alert Twitter account reported that somebody had transferred 20,223 BTC ($883,522,877) between their anonymous wallets with an unregistered owner. Some individuals in the crypto community reckon somebody is accumulating BTC while the Bitcoin price is changing hands at $43.820.

As Bitcoin price comes close to $43,500, whales have shifted more than 20,223 BTC between anonymous wallets

The flagship cryptocurrency soared to a 30-day peak of $45,700. Before that, Bitcoin whales had shifted more than 20,223 BTC between their anonymous wallets, equivalent to $883,522,877 in fiat.

anonymous-whales-moves-nearly-890-million-in-bitcoin-as-price-has-come-close-to-43500

Source: Whale Alert

At the time of writing, the leading cryptocurrency by market cap is trading at $43.820. Despite a strong rally to $45,000, the market still has not seen a significant increase in spending on old coins. This is different from the 2018 bear market, where old hands took exit liquidity on most relief rallies.

 glassnode @glassnode · 2h Despite a strong rally to $45k, the #Bitcoin market still has not seen a significant increase in old coins (> 1y) being spent. This is very different to the 2018 bear market where old hands took exit liquidity on most relief rallies.

Source: Glassnode

Not long ago, a large amount of 32,850 ETH was transferred between the anonymous wallets.

anonymous-whales-moves-nearly-890-million-in-bitcoin-as-price-has-come-close-to-43500[2]

Source: Whale Alert

Currently, ETH is trading at $2,943, down more than 6% in the last 24 hours, recording a 13% gain over the past seven days.

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