Where Are Bitcoin, Ethereum, and Chainlink Headed as Whales Transfer Over $660 Million Worth of Crypto?

Whales Transfer Over $660 Million in Bitcoin, Ethereum, and Chainlink

As Bitcoin (BTC) experiences a dip below $27,000, wealthy crypto investors are moving large amounts of digital assets. According to data from whale-tracking platform Whale Alert, high-net-worth traders have shifted over $660 million worth of Bitcoin, Ethereum (ETH), and Chainlink (LINK).

Bitcoin Transactions

Nine out of the 14 transactions observed by Whale Alert involved transfers to exchanges such as Binance, Coinbase, Gate.io, and OKX. The total value of BTC transactions on Whale Alert’s radar is $426.9 million. Notable Bitcoin transactions include:

A transfer of 753 BTC worth $20,027,198 from an unknown wallet to Coinbase.
A transfer of 4,000 BTC worth $108,809,426 from Bitfinex to an unknown wallet.
A transfer of 1,062 BTC worth $28,965,043 from an unknown wallet to Binance.
A transfer of 2,927 BTC worth $79,646,728 from an unknown wallet to Coinbase.
A transfer of 3,999 BTC worth $109,277,857 from an unknown wallet to another unknown wallet.
A transfer of 2,925 BTC worth $80,258,506 from an unknown wallet to Coinbase.

Bitcoin is currently trading at $26,559 with a 1.6% decrease in the last 24 hours.

Ethereum Transactions

In terms of Ethereum transactions captured by Whale Alert, approximately $191.1 million worth of ETH has been moved. Noteworthy Ethereum transactions include:

A transfer of 22,343 ETH worth $35,370,958 from an unknown wallet to Coinbase.
A transfer of 16,500 ETH worth $26,778,575 from an unknown wallet to OKX.
A transfer of 22,343 ETH worth $36,223,542 from an unknown wallet to Coinbase.
A transfer of 15,000 ETH worth $24,538,567 from an unknown wallet to Gate.io.
A transfer of 22,343 ETH worth $36,533,189 from an unknown wallet to Coinbase.
A transfer of 19,386 ETH worth $31,736,291 from Binance to an unknown wallet.

Ethereum is currently trading at $1,588 with a 2.1% decrease in the last day.

Chainlink Transactions

Whale Alert also identified two significant transactions involving Chainlink:

A transfer of 2,000,000 LINK worth $13,709,696 from Binance to an unknown wallet.
A transfer of 4,226,964 LINK worth $28,853,066 from Bitvavo to an unknown wallet.

Chainlink is currently trading at $6.69 with a 3.4% decrease in the last 24 hours.

Hot Take: Crypto Whales on the Move

As Bitcoin and other cryptocurrencies experience price fluctuations, large-scale investors known as whales are making significant moves. Recent data shows that over $660 million in Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) has been transferred by these high-net-worth traders. The transactions involve transfers to popular exchanges such as Binance and Coinbase. This movement of digital assets indicates the potential direction and market sentiment of these cryptocurrencies. Bitcoin, Ethereum, and Chainlink are currently facing downward pressure, with slight decreases in their respective prices. It will be interesting to see how these whales’ actions affect the overall crypto market and if other investors will follow suit.