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Crypto Traders Track Massive Bitcoin Whale Movements As 8,124 BTC Leaves Institutional Cold Storage

October 03, 2019

Crypto traders are tracking a pair of huge Bitcoin whale movements.

A total of 8,124 BTC worth $67.2 million have been transferred out of an institutional cold storage wallet owned by the crypto custody giant Xapo.

The first transaction sent 7,143 Bitcoin to an unknown wallet, while the second transfer moved 981 BTC to a separate and also unknown wallet.

? ? ? ? ? 7,143 #BTC (59,188,957 USD) transferred from Xapo to unknown wallet

Tx: https://t.co/cshixt4G3E

— Whale Alert (@whale_alert) October 2, 2019

981 #BTC (8,130,540 USD) transferred from Xapo to unknown wallet

Tx: https://t.co/bT3gpoY5Pl

— Whale Alert (@whale_alert) October 2, 2019

Xapo is an institutional cold storage pioneer and is known for housing its customers’ BTC in top secret bunkers around the world.

The company was recently bought by Coinbase, which reportedly spent $55 million on the acquisition.

The big transfers from Xapo aren’t the only whale transactions traders are keeping an eye on.

Here’s a look at some of the biggest crypto movements in the last couple of days.

Of the seven transfers below, only one involved a trader moving 1,000 BTC from an unknown wallet to a crypto exchange, indicating they may be looking to sell.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.