A whale is transferring Bitcoin (BTC) worth tens of millions of dollars amid a downturn in the choppy crypto markets.
According to whale watcher Whale Alert, the large Bitcoin holder transferred 12,970 BTC worth slightly over $248 million at time of sending from an unknown wallet to another unknown wallet.
Data from decentralized networks explorer Blockchain.com shows that the transaction cost approximately $22. Bitcoin is trading at $18,747 at time of writing.
According to blockchain data aggregation platform BitInfoCharts, the recipient address of the massive crypto transfer is now the 66th-richest Bitcoin address and holds about 0.068% of the total BTC supply.
The massive BTC transfer comes after blockchain data platform Glassnode recently revealed that Bitcoin withdrawals from crypto exchanges by whales have shot up over the past few weeks. According to Glassnode, the largest net whale withdrawal since June from crypto exchanges was recorded this month.
The massive Bitcoin...
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