Whale Alert has recently revealed that a Bitcoin Whale account has been witnessed shifting 6,713 BTC from a digital wallet to Xapo. It can be said that the huge BTC fishes are on the move again following the recent fluctuations in the flagship currency.

Whale Alert Reveals Bitcoin Whale Shifts 6,713 BTC to Xapo

As detailed further by Whale Alert, the deal was executed on 29 June, Tuesday at 1:17 UTC and the total value of the dealt funds stands at around $230 million.

Moreover, noticing the latest shift from the mentioned BTC wallet, it came around 4 weeks following the shift from a leading BTC account of 4,997 coins from a crypto wallet to Bitfinex, a crypto exchange.

Santiment, an on-chain analysis company, revealed today:

“Bitcoin, despite jumping back above $36,000 on Tuesday, is still seeing an extremely bearish sentiment here on Twitter. Historically, when crowd FUD is this notable it’s a much lower risk opportunity to get in while traders are awaiting lower prices.” 

It can be witnessed that the largest cryptocurrency of the world is at present going through a crash as the overall sentiment of the market has remained negative since May 12, 2021.

Glassnode Report on Bitcoin Institutional Inflows and Revenues

Glassnode, a leading market data aggregator, has recently mentioned the institutional investments in BTC along with the plunge in the trading volume, and mining revenues, and said:

“As mining hash-power continues to drop off the network during the largest migration of mining hardware in history, Bitcoin holders market-wide appear to have capitulated at the lows once again. The market realized the largest absolute losses in history and we explore the cross-section of the market most affected.”

In addition to this, it should be noted that though the price of Bitcoin has watched a dip recently, the whales are not stopping.