Crypto News | Over $4 Billion in Bitcoin Moved Yesterday

 Yesterday on April 18, 2021, Bitcoin.com News alongside the help of Btcparser.com and team members from the Telegram channel Goldfoundinsh*t caught a number of interesting onchain transactions pop up on our radar. This was five days after Goldfoundinsh*t and Bitcoin.com News researchers discovered more than 12k in BTC from the 2016 Bitfinex hack that got transferred to a number of unknown wallets. That day, bitcoin (BTC) touched an all-time high on three occasions, and touched a final ATH at $64,895 per unit on April 14, 2021.

On Sunday, April 18, BTC prices slid to a low of $51,541 per unit following the massive decline in SHA256 hashrate and rumors of the U.S. Treasury allegedly cracking down on the crypto industry. During the course of Sunday’s trading sessions, a number of whale movements and even sleeping bitcoin transfers took place.

A touch after 11:00 p.m. (EST), two transactions processed at block height 679,739 and 679,743 transformed into three new whale addresses. Bitcoin address tagging shows that the funds stemmed from the popular crypto exchange Binance, and it is assumed that the newly created addresses are new cold wallets.

A member of the Goldfoundinsh*t team discussed the situation with Bitcoin.com News. “These are the first and second whale movements that hit the radars of our Btcparser2 last night. The result of two transactions was three new wallets:

• 3LQeSjqS5aXJVCDGSHPR88QvjheTwrhP8N +58,814 BTC – Most likely this is a new cold Binance wallet
• 3ByyPAZmzANfV1sMALVU8zdorPUHEbkZZi +20,498 BTC
• 3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb +11,000 BTC

It is unknown whether this transfer was a reorganization of Binance wallets or an over-the-counter deal in the making. “After all, we do not know who the final owners of the new wallets with thousands of bitcoins are,” a Goldfoundinsh*t team member noted. “Surprisingly, the date of such a major reorganization (after all, 68k of that BTC has not been touched since August last year) and yesterday’s significant rout of the bitcoin price coincides,” the researcher added.