Bitcoin Transactions Hit Record $2.3 Billion in Single Day, with Half of Purchases Made on Coinbase According to TradingView News

The cryptocurrency monitoring service Whale Alert reports an impressive volume of Bitcoin transactions in the last day facilitated by entities labeled as unknown. These transactions represent a staggering sum of over $2.3 billion when converted to fiat currency.

These high-value transactions included five separate transfers, with the smallest moving 4,799 BTC. One transaction moved 7,452 BTC, while the three remaining transferred in excess of 8,100 BTC each, the largest being an 8,734 BTC transfer valued at approximately $560,821,374.

Out of these significant transfers, Coinbase exchange saw notable withdrawals totaling around 1 billion USD in Bitcoin, with two transactions amounting to 8,172 BTC and 8,136 BTC, respectively.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 8,734 #BTC (560,821,374 USD) transferred from unknown wallet to unknown wallet
https://t.co/9DaCMrry9B— Whale Alert (@whale_alert) March 23, 2024

Furthermore, Ali Martinez, a notable figure in cryptocurrency trading and analysis, shared insights that anonymous addresses have gathered over 25,000 BTC, valued at around $1.6 billion, in the past 24 hours. This marks the highest recorded influx to accumulation addresses of the year 2024 so far, according to Martinez.

Yesterday, over 25,000 #Bitcoin, valued at about $1.60 billion, were allocated to accumulation wallets, setting a new record for 2024 in terms of inflows to these types of addresses! pic.twitter.com/mAIHkG9ROC— Ali (@ali_charts) March 23, 2024

This past Friday, Bitcoin experienced a notable decline of 5.29%, plummeting from $66,490 to $62,975. However, in the subsequent 24-hour period, the premier digital currency has seen a mild resurgence, climbing back to a value of $64,560.