- A Bitcoin whale has transferred 2,832 Bitcoins from an unknown wallet to the Coinbase (NASDAQ:COIN).
- The transaction happened less than 24 hours after a dramatic day for Bitcoin.
- A journalist erroneously posted that the BlackRock spot ETF had been approved.
A Bitcoin whale has transferred 2,832 Bitcoins from an unknown wallet to the Coinbase crypto exchange, according to Whale Alert, the blockchain tracker famous for reporting significant transactions. The recent transaction happened less than 24 hours after a dramatic day for Bitcoin when a journalist erroneously posted that the BlackRock spot ETF had been approved.
2,832 #BTC (79,797,280 USD) transferred from unknown wallet to #Coinbasehttps://t.co/X5dCvnjbdF— Whale Alert (@whale_alert) October 17, 2023
The transaction spotted by Whale Alert is generating a conversation among crypto users who may be trying to preempt the intentions of the whale and the impact it could have on the Bitcoin market. Usually, when whales send digital assets to crypto exchanges, it suggests the possibility of an impending sell-off since they are introducing the digital assets to an environment where they exchange them for fiat or oth…
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