Whopping 10,000 BTC Shoveled To Coinbase
Colin Wu, a Chinese crypto journalist, and blogger, shared a link to BitInfoCharts, which shows that a staggering 10,000 Bitcoin worth $267 million were transferred to the Coinbase exchange earlier today. A large amount of Bitcoin was transferred to Coinbase. The transfer took place around 19 hours ago, when the flagship cryptocurrency was trading above $27,600.
This massive amount of cryptocurrency was transferred from one anonymous wallet to another before being transferred to the crypto exchange. Since then, the price has dropped by 2.04%, and it is now worth $26,845.
On May 12, the same wallet sent 10,000 BTC to the same exchange. Bitcoin holders speculated about the possible sender and receiver of the cryptocurrency in the comments section of the tweet. Following this massive BTC transfer, one Twitter user stated that he intends to short Bitcoin.
(With inputs from Shikha Singh)
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