The leading cryptocurrency Bitcoin (BTC) started the day with a decline and fell below the $ 27,000 price levels again. While this decline in the market continues, Whale Alert, which draws attention to large-scale transfers carried out by addresses that hold high amounts of crypto assets in their portfolio and are described as ‘whales’ in the crypto ecosystem, drew attention to two large transactions made earlier this week.
Bitcoin Declined Below $27,000
The cryptocurrency market started the day with a decline as the leading cryptocurrency Bitcoin fell below the $27,000 price level. Most cryptocurrencies with a high market capitalization recorded losses at various rates during the day. The total market capitalization of the cryptocurrency ecosystem fell to $1.12 trillion, according to CoinMarketCap (CMC) data. Ethereum (ETH) has lost an average of 0.5% in the last 24 hours, trading at $ 1800 price levels.
The cryptocurrency market also started the day with relatively low volatility. According to the data shared by Coinglass, nearly $ 50 million worth of short and long positions were liquidated in the last 24 hours.
BTC Transfer of Approximately 630 Million Dollars
While this decline in the market continues, Whale Alert, which draws attention to the large-scale transfers carried out by addresses that hold high amounts of crypto assets in their portfolio and are described as ‘whales’ in the crypto ecosystem, drew attention to two large transactions made at the beginning of the week with a series of posts on its Twitter account.
According to Whale Alert data, a total of nearly $630 million worth of BTC was transferred in two different transfers within hours on the first day of the week. While 11,533 BTC worth an average of $316 million at current prices were transferred from US-based cryptocurrency exchange Coinbase to an unknown address, 11,347 BTC worth $311 million at current prices were transferred from Coinbase to another unknown address within hours.
