Whale Alert, which shares current data on large-scale crypto transfers carried out by addresses known as ‘whales’ that hold a significant amount of crypto assets in their portfolios, drew attention to a transfer of nearly $60 million worth of BTC during the day.
Crypto Market on the Rise Again
After weeks of low volatility, the crypto market started to rise again yesterday morning. The leading cryptocurrency Bitcoin (BTC) surpassed the $30,000 price levels. With BTC surpassing $30,000, most cryptocurrencies also gained strong upward momentum.
The total market value of the crypto ecosystem reached $1.19 trillion, according to the latest data recorded after the recent increases, according to CoinMarketCap (CMC). In addition, volatility in the crypto market has increased significantly compared to the beginning of the week. According to Coinglass data, the crypto market saw an average of $80 million worth of short and long positions liquidated in the last 24 hours.
Meanwhile, as the rise in the crypto market continues, Whale Alert reported that nearly 2,000 BTC was transferred to the crypto exchange Coinbase during the day and shared the current data. According to Whale Alert’s data, 1,982 BTC was transferred to Coinbase in a single transaction.
Is Bitcoin (BTC) Getting Ready for a New Rise?
Whale Alert, which shares current data on large-scale crypto asset transfers carried out by addresses known as ‘whales’ that hold a significant amount of crypto assets in their portfolios, reported that nearly 2,000 BTC was transferred to the crypto exchange Coinbase during the day.
According to Whale Alert’s current data, 1,982 BTC was transferred to Coinbase from an unknown address in a single transaction. The transfer was worth approximately $60 million at current prices. Additionally, according to the data shared by Whale Alert, another unknown address transferred 18,986 ETH worth an average of $35 million at current prices to Coinbase during the day.
