Ethereum and Bitcoin whales are making their presence known as BTC clings to a support at $23,000
As BTC clings to a critical level of support near $23,000, Ethereum and Bitcoin whales are announcing their presence. Three Ethereum whales started large-scale transfers to Binance and Coinbase on the previous day.
The initial transfer involved sending $150.9 million worth of 92,170 ETH from an unidentified wallet to Binance. The whale in question left a comparatively small amount of $1.6 million, or 1,000 ETH, in their wallet.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 92,170 #ETH (150,939,479 USD) transferred from unknown wallet to #Binancehttps://t.co/5mvoOvjV34
— Whale Alert (@whale_alert) February 24, 2023
A different Ethereum whale sent 25,361 ETH worth $40.5 million from an unidentified wallet to Coinbase a few hours later. In essence, this whale depleted their Ethereum balance to zero.
Shortly later, 15,110 ETH totaling $24.3 million were quickly moved from an unidentified wallet to Coinbase by a third Ethereum whale. Their pocketbook was empty because of that whale.
🚨 15,110 #ETH (24,360,872 USD) transferred from unknown wallet to #Coinbasehttps://t.co/s4riOwfnGo
— Whale Alert (@whale_alert) February 24, 2023
A large Bitcoin whale then appeared, moving 9,475 BTC worth $219.5 million between two unidentified wallets. Bitcoin doesn’t seem to be going to any cryptocurrency exchanges, where it might be offered for sale on the open market.
BTC/USD 4-hour chart | Source: TradingView
At the time of publication, the price of Bitcoin was $23,251; it has decreased 0.4% over the past day. At $1,598, Ethereum has increased by 0.6% since yesterday.
Read more:
- Ethereum Plans To Launch New Testnet “Holli” To Improve Testing Environment
- The Ethereum Foundation Grants $4.37m To Support Global Blockchain Education And Research Projects
- Ethereum Whales Are Massively Waking Up Amid Intense Price Action On Market