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Unknown Investors Transact $239 Million worth of Bitcoin, as BTC Tumbles to $31,000

Data obtained from Whale Alert, a crypto analytic tracker, revealed that an unknown BTC whale transferred 7,500 BTC worth $238,801,020 transferred from an unknown wallet to an unknown wallet.

A growing number of powerful investors have recently been increasing their transactional volume in Bitcoin’s market, triggering the flagship crypto to trade $31,000 price level.

The Bitcoin Whale Transfer

Global investors and crypto-traders are now cashing in on some of their profits amid fear of regulation coming from the world’s largest economy.

At press time, Bitcoin traded at $31,138.29 with a daily trading volume of $82,724,891,290 USD. Bitcoin is down 5.19% for the day.

Prevailing market conditions at the flagship crypto market reveal large crypto investors and traders are moving large stacks of Bitcoins which are typically known as Bitcoin whales.