Recent large Bitcoin transfers were recorded on Coinbase Institutional, drawing attention from analysts and investors.
Massive Bitcoin Transfers
Whale Alert reported three consecutive Bitcoin transfers entering Coinbase Institutional. These transfers totaled 870, 814, and 472 BTC, amounting to $230 million. The funds were transferred from anonymous wallets. This influx has captured significant attention following large sums entering the structure servicing institutional clients.
Current Market Trends
Meanwhile, the price of Bitcoin experienced a sharp decline of 2.6%, falling from $108,800 to a local low of around $106,000. These movements, according to analysts, were triggered by escalating military conflicts in the Middle East, as well as looming threats of a trade war between the U.S. and Canada, which could have negative implications for both economies.
Changes Among Bitcoin Holders
According to Glassnode's report, changes are occurring in the behavior of Bitcoin holders who are becoming more active in realizing profits. In particular, wallets holding Bitcoin for over 12 months became the primary sellers, accounting for 83% of all realized profits in the market. However, there has been a recent increase in profits among holders owning Bitcoin for 6 to 12 months, indicating a shift in market trends.
The analysis of recent transactions and market behavior indicates ongoing changes in investors' strategies and potential risks associated with external economic factors.
