Crypto analyst Will Clemente is revealing that big-money investors continue to accumulate Bitcoin in massive amounts as the leading cryptocurrency trades below $60,000.
In a new tweet, the analyst says that he spotted a mysterious entity facilitating the largest Bitcoin withdrawal seen on-chain in three weeks.
“Whoa… Glassnode reporting a massive withdrawal from exchanges totaling 11,504 BTC ($667 million) earlier today… Who could it possibly be this time?”
Source: Will Clemente/Glassnode/Twitter
In a separate transaction, Clemente adds that he witnessed the relocation of 6,056 BTC worth $331.80 million in a span of a few minutes.
— William Clemente III (@WClementeIII) April 27, 2021
All in all, the on-chain analyst highlights that a total of 18,084 BTC worth $1.04 billion were moved off exchanges in a span of 24 hours, giving him reason to