In the past 24 hours, there has been an increase in activity from crypto whales, with large amounts of coins being sent to exchanges as the market shows signs of weakness. Whale Alert, a blockchain monitoring service, has reported several large transfers of Bitcoin and other digital assets from large entities to various crypto exchanges.

Two transfers of Ethereum worth over $40 million were sent from unknown wallets to Coinbase, followed by another wallet sending $28 million in ETH to Gate.io. Additionally, a Litecoin whale sent 500,000 LTC worth $46 million to Binance, while the USDC Treasury transferred $128,950,916 to Coinbase. Bitcoin is currently down 1.3% in the last 24 hours.