Popular cryptocurrency tracker Whale Alert has reported that more than USD 500 million in Bitcoin has been transferred between major US-based digital exchange Coinbase and multiple anonymous crypto addresses. In addition, two inactive Bitcoin wallets with 100 BTC in them were reactivated after 12+ years.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 4,100 #BTC (178,990,245 USD) transferred from #Coinbase to unknown wallethttps://t.co/kHfkxBeHT6
— Whale Alert (@whale_alert) April 6, 2022
According to the aforementioned tracking service, anonymous whales have performed many transactions in the last 16 hours to deposit around USD 246 million in Bitcoin into the Coinbase exchange and withdrawn nearly USD 422 million from it to addresses tagged as “unknown” by Whale Alert.
Anonymous whales transferred a total of 5,678 BTC to Coinbase and withdrew 9,736 BTC. At the time of writing, it is worth USD 246,629,608 and USD 422,892,896, respectively. Separately, 4,100 Bitcoins worth USD 178,865,674 were transferred from a Gemini address to Coinbase and then withdrawn to an unknown address.
After the Fed discussion, which did not rule out another interest rate hike, the price fell by 50 basis points. In addition to Bitcoin losing 5% of its value, the Nasdaq fell 4.5 percent.