According to Whale Alert, one of the leading blockchain tracking and crypto analytics platforms, a leading Bitcoin wallet transferred 5,000 BTC from Xapo to Binance on 29 September at 19:56 UTC. The total value of the transaction currently stands at near $206 million.
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In a separate transfer, someone moved 500 Bitcoin from an unknown wallet to the crypto exchange, Coinbase. The latest surge in BTC exchange supply came as a surprise after leading digital exchanges saw significant outflows in the last week.
Bitcoin regained the price level of $43,000 today after a jump of nearly 4% in the last 24 hours. While Bitcoin bulls look keen to keep the world’s largest digital asset above the $40,000 price level, its whale activity has spiked since yesterday.