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International Business Times

Business

Marvie Basilan

Bitcoin Whale Dumps Nearly $500 Million To Coinbase As BTC Falls To $60K

Bitcoin Crypto Michael Saylor Cryptocurrency

Bitcoin whales have been moving their BTC loads around in the past three days as the community waits for the expected April 20 halving. (Credit: Pixabay)

The Bitcoin dump season among some of the world's largest holders – institutional and individual alike – may have started. One whale moved nearly $500 million worth of BTC Wednesday, just as the cryptocurrency plunged to $60,000.

Whale Alert, which tracks the movements of some of the world's largest Bitcoin owners, revealed late Wednesday that a BTC whale transferred 7,979 Bitcoin worth over $491.5 million from an unknown wallet to Coinbase International.

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