Analyst: The 140,000 BTCs that the whales transferred last night were suspected to be related to Coinbase’s acquisition of Xapo’s custody business.

Last night, the giant whale transferred 142,323 BTCs, which exceeded $1.3 billion, accounting for about 0.8% of all bitcoins. The Block analyst Larry Cermak said on Twitter that the transfer may be related to the cryptocurrency exchange, bitcoin wallet provider Xapo.com, and Xapo holds about 700,000 bitcoins, which may be related to Coinbase's acquisition of Xapo's cryptocurrency business. related.