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International Business Times
International Business Times
Business
Marvie Basilan

2 Bitcoin Whales 'Buy The Dip' From Coinbase 3 Days Ahead Of Halving

Bitcoin Coinbase Crypto Michael Saylor Cryptocurrency MicroStrategy
Bitcoin whales continue to move their treasure troves across exchanges and wallets, but on Tuesday, two whales seemed to "buy the dip" instead of sell their Bitcoins. (Credit: Ivan Radic/flicker)

KEY POINTS

  • One BTC whale transferred $244.8 million of the digital asset from Coinbase
  • Another Bitcoin whale moved nearly 8,000 BTC from Coinbase minutes later
  • Over $1.2 billion worth of Bitcoin moved in and out of wallets and exchanges Monday

Two Bitcoin whales, or holders of the world's first decentralized cryptocurrency who have massive BTC stashes, have moved to "buy the dip" as the crypto community awaits the halving event during a highly volatile time in financial markets.

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