2,603 BTC Suddenly Moved from Coinbase by 4 Whales, Here’s Peculiar Nuance

Close to $170 million worth of Bitcoin has been removed from Coinbase by strange-looking wallets

As Bitcoin keeps plunging, some whales have been purchasing the world’s leading cryptocurrency on the dip.

Analytics X account @OnchainDataNerd has reported that several hours ago, four anonymous cryptocurrency wallets purchased an impressive 2,603 BTC – that is the equivalent of approximately $166.2 million.

The Bitcoin was purchased on the largest US crypto exchange Coinbase and withdrawn. The analytics account pointed out a curious, though inexplicable, nuance – after the withdrawal three of these wallets have the same balance of 762.8 BTC. That amount of Bitcoin is worth roughly $48.77 million.

Today, Bitcoin has demonstrated a plunge of 6.18%, falling from $64,560 to the $60.820 zone, where it is trading at the time of writing this article.

Among the reasons for Bitcoin continuing its fall, experts believe, are the results of the jobs report which are lower than predicted and the high likelihood of the former Binance CEO CZ going to prison for doing a three-year sentence.

About the author

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.