BTC saw the largest outflow of funds in one day from crypto exchanges. Nearly 57,000 bitcoins were left crypto exchanges.
After a prolonged bearish period of two months, the large BTC movement from exchanges indicates that market sentiment is turning bullish.
Bybt and CryptoQuant shared data that showed the highest one-day outflow in at least a year. In 24 hours, 57,000 BTC left exchanges.
Unknown Wallets and Coinbase transferred more than 465,000 bitcoins.
Coinbase and anonymous wallets have transferred approximately half a million bitcoins in the past 24 hours.
Whale Alert, a blockchain tracker, detected almost 50 transactions in a total amount of 465,000 bitcoins. This is equivalent to a staggering $18,615,810,000.
Transactions were conducted between anonymous crypto wallets and the largest American digital exchange Coinbase that attended four of these transactions.
Image Source: Whale Alert
Whale Alert spotted almost 50 bitcoin transfers in succession, with each transaction holding an average of 9,000 to 9,900 BTC.
Analysts believe these transactions were done between anonymous wallets that could have been crypto whales or exchanges. The largest transaction involved more than 10,000 BTC.