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Jul 29, 20:46

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Two whales withdrew 1,300 BTC ($87.35M) from Bitfinex amid a price drop

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Two whales (likely one entity) 3PBRj and 3ADUe just withdrew 1,300 BTC ($87.35M) from Bitfinex at $67,192 on average:

 

Notably:

  • Since June 12, 2024, three whales, including the two above, have withdrawn a total of 3,910 BTC from Bitfinex at an average price of $65,764 (estimated cost: $257M).
  • Each whale often withdrew BTC from Bitfinex around the same time as the others and thus may belong to the same entity.

 

The BTC price dropped by 3.76% (8H), mostly due to the market's negative sentiment after the US government moved a massive amount of 29,800 BTC ($2B) to 2 new wallets 3 hours ago (more details here).

 

Fig 1. The overall BTC accumulating history of the three whales (one entity).

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