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Massive Crypto Whales Move 318,649 BTC Worth $3 Billion in Just Six Hours

July 29, 2019

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Crypto traders are tracking a series of massive Bitcoin whale transfers.

In a matter of just six hours, whales have moved 318,649 BTC worth more than $3 billion. All of the transfers happened between wallets of unknown origin.

This indicates the crypto may have changed hands in over-the-counter (OTC) sales, or the users decided to shift funds to new wallets for security.

So far, none of the BTC appears to be headed to crypto exchanges, where it could be traded on the open market and have an impact on the price of Bitcoin.

Until this burst of activity, whales had been relatively quiet in recent days with the price of Bitcoin hovering between $9,400 and $10,200.

At time of publishing, Bitcoin is down 0.77% at $9,486 according to CoinMarketCap.

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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.