7,831 BTC Moved from Coinbase to Cold Wallets as BTC Targets $46,000
Popular crypto tracking service Whale Alert has detected two large Bitcoin transfers made from the Coinbase exchange to wallets that belong to an anonymous crypto investor.
This has been done, while Bitcoin is floating above the $41,000 level and is expected to return to the $46,000 zone.
These whales withdrew chunks of 6,018 and 1,813 BTC worth $254,646,370 and $75,743,920, respectively.
According to BitInfoCharts, the second address contains zero Bitcoin at the time of writing after the incoming transaction that occurred today. As for the first address, which received 6,018 BTC, it still holds the received amount of Bitcoin on its balance.
On March 25, it also received 300 BTC but sent them away on the same day.
In a recently published tweet, founder of Crypto Capital Venture Dan Gambardello stated that he expects the next target for the Bitcoin price to be $46,000.
He believes the price surge may happen as Bitcoin is going through a Head & Shoulders inverse pattern.
On-chain data vendor IntoTheBlock has shared a possible reason for Bitcoin demonstrating a rise over the past few days. On April 11, the global flagship cryptocurrency dropped below the $42,900 level and hit a low of $39,000 on April 18.
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