As Bitcoin price has come close to $44,000, whales have shifted more than 111,200 BTC and 41,995 ETH

Earlier today, as AZCoin News reported, the Bitcoin price surged to a 30-day high of $43,900. Before that, Bitcoin whales moved over 111,200 BTC between their anonymous wallets, transferring over 10,000 BTC.

Whales shift $4.8 billion in BTC as Bitcoin price hits $43,357

Meanwhile, a recent analytics report shows that the Bitcoin network is in a state of profit first time since October 2020.

Over the past 18 hours, Whale Alert has detected 9 large Bitcoin transactions, each carrying between 10,200 and 10,400 BTC. That makes it a total of around 111,292 BTC transferred by crypto whales, equating to a staggering $4,809,606,201 at current prices.


Source: Whale Alert

Also, according to a report from Santiment, Bitcoin whales holding from 100 to 10,000 BTC in their wallets now own almost 50% of the total Bitcoin supply (49.18%, to be exact).


Source: Santiment

Moreover, Santiment reported that Bitcoin and gold investors saw very opposite price performances to close out the trading week. BTC surged to above $43,000, as gold has swung downward, seeing its biggest decline in mid-June.


Source: Santiment

Glassnode stated the Bitcoin entity-adjusted NUPL (Net Unrealized Profit/Loss) index has begun to move in the green zone for the first time since October last year. This metric indicates if the whole Bitcoin network at the moment is in a state of profit or vice versa. If the index is in green, that means the network is in a state of net profit.

“Bitcoin ea-NUPL flashed green on an upward move the first time since Oct, 27th 2020. We’ve entered the Belief phase”, CIO of Moskovski Capital, Lex Moskovski, tweeted.


Source: Glassnode

Not long ago, a large amount of 41,995 ETH was transferred from a BigONE exchange to an anonymous wallet. Then this anonymous wallet moves to another wallet.


Source: Whaler Alert

Currently, BTC is trading at $43,300, up over 6% over the past 24 hours. Meanwhile, ETH has rallied above $3,000, recording a 25% gain over the past seven days.

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