Cryptocurrency holders moved a record $ 2 billion in bitcoin overnight

According to cryptocurrency tracker Whale Alert, an impressive amount of bitcoin has been transferred from wallets marked as unknown in the past 24 hours. The total amount of BTC that has changed hands exceeds $ 2.3 billion in fiat currency.

This was accomplished in five large transactions, the smallest of which transferred 4,799 BTC. One of them transferred 7,452 BTC, and the other three transferred more than 8,100 bitcoins each. The largest of them contained 8,734 BTC worth $ 560,821,374.

Earlier, Ali Martinez, a well-known cryptocurrency trader and analyst, also reported that over the past day, more than 25,000 BTC worth about $ 1.6 billion were accumulated on anonymous blockchain addresses. The analyst noted that this is the largest inflow of bitcoins to storage wallets in 2024.

As a reminder, market analysts attribute the negative price dynamics to various factors, such as the slowdown in bitcoin ETF flows, the upcoming BTC halving, and investor sentiment. However, despite the current market sentiment, there are still crypto analysts who are optimistic about the future of bitcoin ETF flows.