$330M Bitcoin (BTC) Moved to Cold Wallets

Whale Alert, which monitors the movements of crypto whales, has detected that an account on the Coinbase exchange has transferred two large Bitcoin (BTC) to cold wallets.

This transaction took place after Bitcoin surged above $41,000.

According to Whale Alerts data, anonymous whales made two transactions to withdraw a total of 7,831 Bitcoins from the Coinbase exchange to 19rTnWD1ZbUE7B9q1WZx2ZiswjiyyMUYbc and bc1q57lzn64qpmrc3289jarge3g7nmlfwqu8jfdev0.

Whales pulled 6,018 and 1,813 BTC worth $254,646,370 and $75,743,920, respectively.

According to BitInfoChart, after the transactions, the second wallet has transferred Bitcoins to another wallet at the time of writing. With 6,018 BTC holders, he still holds Bitcoins. Although the wallet received 300 BTC on March 25, it transferred it on the same day.

Bitcoin targets 46,000!

Dan Gambardello, founder of Crypto Capital Venture, said that the next target for Bitcoin price should be $46,000.

Gambardello believes that as Bitcoin goes through a head-to-shoulder reversal pattern, the price increase could happen.

Bitcoin price is driven by its close correlation with the Nasdaq and S&P 500 indices, according to data from on-chain data provider IntoTheBlock. As a result, the asset has increased.

At the time of writing, Bitcoin (BTC) is trading at $42,234, according to Binance data.

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