Bitcoin, the world’s first-ever digital currency, once again curated a hurricane of speculations across the global crypto landscape on Monday following noteworthy whale activity recently registered by the token. Notably, as per blockchain data unveiled within the broader crypto market, over 3000 BTC on the go, nabbed the attention of crypto market traders and investors globally as the spot Bitcoin ETF approval also looms over the crypto horizon.
Moreover, after witnessing highly volatile trading today, the Bitcoin price now marks significant strides, surpassing the $45K mark once again. Simultaneously, the whale transactions also garnered notable attention, as Bitcoin’s market chart now portrays a phenomenal surge.
A Closer Look Into BTC Whale Transfers
According to the data unveiled by Whale Alert, a series of 5 transactions collectively attributed to the shifting of 3,172 BTC between wallets and exchanges over the past twenty-four hours on Monday, January 8. Furthermore, out of these, three showcased the transfer of 2,153 BTC, worth $94.84 million, to Binance, the world’s leading cryptocurrency exchange.
In addition, another transaction seems to have piqued traders’ interest globally, moving 499 BTC from Binance to an unknown wallet. Aligning with this, data illustrated the shifting of BTC worth $21.94 million from the CEX to an unknown wallet.
Lastly, another transaction that amassed considerable interest portrayed the transfer of 520 BTC, worth $22.81 million, from Kraken to an unknown wallet.
Intriguingly, these transactions emerged amid the Bitcoin ETF week, fueling additional inferences for the token. Meanwhile, the Bitcoin price also seems to have weighed in on the chronicle.
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Bitcoin Price Rockets
As of writing, the Bitcoin price showcased a substantial increase of 1.80% over the past 24 hours and is currently trading at $45,157.56. Moreover, this rise was further accompanied by a weekly surge of 5.73%.
As portrayed by market charts, the BTC price once again crosses the $45K mark, propelling bullish thoughts on the token. Moreover, as the halving and Bitcoin ETF approval nears, prices are expected to be additionally bolstered, garnering market optimism for the token.
Also Read: Bitcoin ETF Anticipation Contributes To $151 Mln Inflows In Digital Assets
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
