- Whale Alert data shows an uptick in Bitcoin whale transfers to crypto exchanges.
- Coinbase (NASDAQ:COIN) saw inflows of $307 million from three whale transfers, while Binance received around $52 million.
- Bitcoin’s price remains down, with the digital asset hovering between $40K highs and $41k lows.
Bitcoin whale activities appear to have picked up recently following a sharp market pullback on Monday, suggesting sustained confidence in BTC, and the cryptocurrency market.
Data from blockchain data tracker Whale Alerts show a series of significant transfers from wallet addresses to crypto exchanges Binance and Coinbase. While Binance saw a whale inflow of around $52 million, Coinbase was reported to have received over $307 million from the transfers.
In the most recent, Whale Alert reported a 781 BTC (worth $32 million at current prices) transfer from four crypto wallets, 658 of which were sent to Binance. Furthermore, in the early hours of Wednesday, another wallet also transferred 500 BTC to Binance, worth around $20.5 million at current market prices.
Meanwhile, an unknown wallet transferred 2,511 BTC to crypto exchange Coinbase, with a current market value o…
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