- Unknown bitcoin whales have transferred more than 24,000 BTC overnight.
- The largest in the past 24 hours was the transfer of 8,734 BTC.
- Investors continue to accumulate bitcoins, noted analyst Ali Martinez.
On March 23, 2024, bitcoin owners made several large transactions. The high activity of hoarders was pointed out by Whale Alert analyst.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 8,734 $BTC (560,821,374 USD) transferred from unknown wallet to unknown
- Whale Alert (@whale_alert) March 23, 2024
According to a post on X (formerly Twitter), Whale moved 24,051 BTC in four transactions that day. At the time of writing, this volume is valued at $1.54 billion.
First, 6,465 BTC was reportedly transferred from an unknown wallet to Coinbase Institutional. Then another whale sent 7452 BTC to an unknown address.
As a result of yet another transaction, a bitcoin owner transferred 8,734 BTC. In addition, 1,400 BTC was withdrawn from the Bitfinex crypto exchange, Whale Alert said. The source did not specify if there is a connection between these wallets.
Analyst Ali Martinez pointed out that on March 22, bitcoin investors withdrew more than 25,000 BTC worth over $1.6 billion for further accumulation. According to him, this is the largest inflow of bitcoins to cryptocurrency wallets in 2024.
Yesterday, over 25,000 #Bitcoin, valued at approximately $1.60 billion, were transferred to accumulation addresses, marking the highest inflow to these $BTC wallets so far this year!
- Ali (@ali_charts) March 23, 2024
As a reminder, on March 10, 2024, a bitcoin investor transferred 2,352.62 BTC after eight years of inactivity. We also reported about a whale of a time, Satoshi Nakamoto, who sold 1,000 BTC mined 14 years ago.
