- The transaction happened at 11:24:28 UTC on April 3, 2022.
- The BTC price has dropped by 0.59 percent in the past day.
During the last month of March 2022, outflows from crypto exchanges reached a new high of 100K BTC. Bitcoin rebounds from the downward pressure, and substantial purchasing demand follows.
Glassnode, a leading on-chain data supplier, explains:
“Bitcoin exchange outflow volume recently hit a rate of 96.2k $BTC per month. Aggregate exchange outflows of this magnitude have only been seen on a handful of occasions through history, with most being after the March 2020 liquidity crisis”.
Over the weekend, Bitcoin (BTC) exhibited considerable stabilization after a robust run-up last week. With the obstacle at $45,500 now acting as a firm support, the price of bitcoin is already far above the previous resistance level of $46,000.
Whale Alert
Hundreds of millions of dollars in BTC are being moved overnight by crypto whales once again. The Whale Alert monitoring and analysis program initially discovered the major crypto transfer networks.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,100 #BTC (96,283,195 USD) transferred from #Coinbase to unknown wallethttps://t.co/QYXjYhNCjB
— Whale Alert (@whale_alert) April 3, 2022
A large number of Bitcoin has been moved from Coinbase to an anonymous wallet by an unidentified whale. An analytics and surveillance initiative, Whale Alert, said that the transaction was valued at $96,283,195. According to Whale Alert data, the transaction happened at 11:24:28 UTC on April 3, 2022. However, the BTC price has dropped by 0.59 percent in the past day.
Whale Alert stated, on its official Twitter account:
“2,100 #BTC (96,283,195 USD) transferred from #Coinbase to unknown wallet”.
According to CoinMarketCap, the Bitcoin price today is $46,222.90 USD with a 24-hour trading volume of $27,152,863,293 USD.
