Bitcoin Whales Get Active in 2024

Krutika Adani

Bitcoin Whale Moves 8000 BTC

The whale transferred nearly $536 million of BTC or 8000 coins.

After 5-Year Slumber

The last time that wallet was seen active was in 2019.

Transferred in One Transaction

All the Bitcoins were transferred in one transaction to Binance, possibly to be sold.

Part of a Multi-Whale Wakeup Event

Several other whales woke up in the past few months after several years of inactivity, some even returning to the Nakamoto era.

Whales Also Buying BTC

Several whales were also seen taking BTC off exchanges. Since the start of the year, whales have bought more than $10 billion in BTC.