#crypto2023 Recent report shows that large whales may have taken crucial role in pushing #bitcoin price over $28,000 level brieflySantiment on-chain data vendor has noticed several massive Bitcoin transactions conducted by whales right before the price of the flagship digital currency briefly managed to recover $28,000 – this price level has not been seen for the past six weeks.In the meantime, Bitcoin has again rolled below $28,000 as whales began moving staggering amounts of #BTC to major exchanges to sell.Here's what happened before Bitcoin jumped above $28,000Santiment noticed that just prior to Bitcoin's 5.48% jump to the $28,500 zone, whales withdrew a great deal of $BTC from exchanges and into self-custodian wallets. There were four transfers in total, and per Santiment's recent tweet, they ranged between $187 million and $346 million worth of Bitcoin.These transactions drained the Bitcoin supply held on exchanges from 5.99% to 5.73% since Sept. 1 – "a continued good sign," the Santiment analytics team noticed. This is the lowest level since December 2017 (which was followed by Bitcoin's surge to the $20,000 all-time high).📈 There were several price rebounds during #Bitcoin's visit above $28K to open October. And three #altcoins in particular ( $AAVE , $ADA, and $CRV ) had opportunists moving coins during the short profit window. They could have potential decouples coming. https://t.co/E14ek3ypwR pic.twitter.com/1CoVyxBwNI— Santiment (@santimentfeed) October 2, 2023Still, by now, the world's leading cryptocurrency has rolled back below $28,000 after losing 3.32% today.Bitcoin reverses as whales move BTC to top exchangesMajor crypto tracker Whale Alert noticed several Bitcoin transfers that moved several massive BTC chunks to leading #cryptocurrency exchanges – Kraken, Coinbase and #Binance .Wallets marked by the aforementioned tracker as "unknown" have moved 9,895 BTC (worth $275,564,475 USD) to Kraken, 2,891 BTC (evaluated at $80,527,639 USD) to Coinbase and 799 BTC (worth $22,662,739 USD) to Binance.🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 9,895 #BTC (275,564,475 USD) transferred from unknown wallet to #Krakenhttps://t.co/oNN4qKNXsg— Whale Alert (@whale_alert) October 2, 2023This coincided with Bitcoin's drop back under the $28,000 price line as large BTC investors (known as whales in the crypto community) started locking in their profits.As of this writing, Bitcoin is changing hands at $27,551 on the Bitstamp exchange.