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14,000 BTC Moved from Huobi to Anonymous Wallet Just Now

Over the past two hours, the Whale Alert bot has spotted a number of Bitcoin transfers, one after another, made from Huobi to an anonymous wallet. Fourteen transactions, bearing 1,000 BTC each. That’s $78,120,000.
In each transaction the recipient wallet was the same - 3D8qAoMkZ8F1b42btt2Mn5TyN7sWfa434A.
The owner is unregistered. shows that its current balance totals 20,000 BTC - $117,620,000.
BTC wallet
Whale Alert shows that on March 11, 5,000 BTC was transferred to the same anonymous address. This totals $39,414,612.
The Bitcoin price is pumping and has reached $5,757 in the past hour. In the comments on one of the aforementioned transactions, a Twitter user suggested that it is someone withdrawing their Bitcoin for long-term hodling.
Members of the crypto community are happy about Bitcoin moving up and are sharing their sentiments on Twitter.

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