It’s a historic day in the cryptocurrency markets. According to market data, Bitcoin broke its all-time high price record today, reaching $109,496 on Coinbase.
This new high comes 121 days after the previous record of $109,353. Bitcoin has risen 47% since bottoming at $74,508 on April 9.
As a result of this rise, Bitcoin’s market dominance increased to 64.25%, while the total market value of altcoins decreased by 26.67% from its current peak.
With this jump in Bitcoin price, whale activity also increased significantly:
- According to on-chain data, three different wallets thought to belong to the same organization or whale transferred approximately $3.75 million worth of LINK tokens to Binance two hours ago. These whales had created LINK positions at an average of $13 in the June-October 2024 period. If sold at today’s transfer price of $15.86, a profit of approximately $764,000 could be made.
- A newly created wallet recently withdrew 199,423 TRUMP tokens worth $2.92 million from Binance. The purpose behind this transaction is currently unknown.
- A whale that has been sleeping for 6 years transferred 1,613 ETH (approximately $4.11 million) to the Kraken exchange. These ETHs were purchased 8 years ago for $544,000, and with this transfer, the whale made a profit of approximately $3.62 million.
- At the same time, an address thought to be an institutional wallet or whale withdrew 1,500 BTC ($159.7 million) from Binance. The address currently has a total of 22,223 BTC in its wallet, worth around $2.37 billion.
- A famous investor who made a total of $21.54 million in two major waves with the Uniswap (UNI) altcoin in 2020 has started collecting UNI again after three years of silence. Five hours ago, he added 662,605 UNI tokens (about $3.97 million) to his wallet at an average price of $5.99.
*This is not investment advice.
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