Bitcoin Whales Move $865,000,000 in BTC

Bitcoin whales are making massive moves in the crypto space these days. Check out the latest reports about all this below.

According to the latest reports, it seems that the BTC whales are making important money moves, and the online pubcalition the Daily Hodl notes the most important details about all this.

The publication notes the following. Some of the biggest Bitcoin whales in existence are moving around hundreds of millions of dollars worth of BTC as crypto markets rally to start the week.

“Spotted by blockchain tracking service Whale Alert, an unidentified whale sent 11,125 BTC valued at $267,956,866 to Binance, the largest crypto exchange in the world.”

The transaction, which cost just 0.00005888 BTC, about $1.14, appeared to have come from a newly created wallet.

The same publication also noted the fact that a few minutes later, several other whale troves were spotted heading to Binance.

A total of $411 million worth of Bitcoin was sent to Binance within about a 20-minute window:

4,999 BTC (120,651,828 USD) transferred from unknown wallet to Binance
999 BTC (24,130,365 USD) transferred from unknown wallet to Binance

The following transactions were also spotted by Whale Alert earlier on Monday morning within hours of the previous moves:

5,000 BTC (117,722,264 USD) transferred from unknown wallet to unknown wallet
7,045 BTC (165,870,670 USD) transferred from unknown wallet to unknown wallet
1,228 BTC (27,065,287 USD) transferred from unknown wallet to Bitfinex

In other recent news, CNBC notes the fact that The Santa Clara, California-based bank has historically paid employee bonuses on the second Friday of March, said the people, who declined to be identified, speaking about the awards.

The payments were for work done in 2022 and had been in process days before the bank’s collapse, the sources said.

“This year, bonus day happened to fall on SVB’s final day of independence. The institution, in the throes of a bank run triggered by panicked venture capital investors and startup founders, was seized by the Federal Deposit Insurance Corporation (FDIC) around midday Friday,” CNBC said.