Coinbase Receives 13,003 BTC from Anonymous Whale Over Past 3 Hours

According to a recent tweet by the crypto track Whale Alert’s team, over the past three hours, an anonymous crypto whale has moved a staggering 13,003 Bitcoins to Coinbase – the largest US-based crypto trading venue and a public company that has recently made a direct listing on the Nasdaq.

The payment for the transaction has amounted to 0.00011508 BTC – a “whopping” $3.6 in fiat – a fee that no bank can offer for a money transfer, not to mention the speed that no bank can compete with.

https://twitter.com/whale_alert/status/1416239031990501376?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1416239031990501376%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fu.today%2Fcoinbase-receives-13003-btc-from-anonymous-whale-over-past-3-hours

Chinese crypto journalist Colin Wu has shared CryptoQuant charts which show that this transfer was made by Coinbase internally.

https://twitter.com/WuBlockchain/status/1416259243812933632?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1416259243812933632%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fu.today%2Fcoinbase-receives-13003-btc-from-anonymous-whale-over-past-3-hours

14,550 BTC was made by cryptocurrency whales to Binance this week and 4,518.409 BTC from that amount was deposited in merely one hours. The CEO of CryptoQuant analytics vendor believes that the selling pressure on the largest crypto now is strong.