Topic: Bitcoin Whales Move 42,616 BTC As Leading Crypto Tests $5,000 - page 2. (Read 383 times)
What I am thinking is it is enough to prove that Bitcoin has the ability to to overcome the difficulties in any kind of difficult situation and it make the point to be more stable and more fixed with its position to development and it made it simply in this year.
That's a lot of bitcoin, real whales found.
So this move triggered the market to put bloods on the streets again. Soon, we wll find out on who are these whales that bought or transferred that amount to an unknown wallet.
Is it a lot, though? First of all, how do we know that all of the money was really moved by so-called whales? The post only talks about the half of it if I'm not mistaken. Secondly, I really don't understand how this kind of money can even make a difference. Bitcoin's trading volume is currently almost 14 billion dollars. $215 million is only around 1.5% of it. Can such a percentage really be attributed to whales? I mean, aren't whales supposed to be huge and stuff? And how can such a share even affect the market in a significant way? My thought is that it can't, and whales are not controlling the market. So this move triggered the market to put bloods on the streets again. Soon, we wll find out on who are these whales that bought or transferred that amount to an unknown wallet.
Does anyone remember any news this week about a "mysterious order"? There's a lot to question, isn't there?
This type of transaction with such a sum will become commonplace over time. The same thing happens several times a day with fiats.
What is interesting is that some of these bitcoins have been transferred from one trading platform to another. In this case, the coins came out of several exchanges such as Kraken, Coinbase, Huobi and to go mainly to Binance and Bittrex.
Now the question is: what is special about these two exchanges? It can not be for cheap fees, KYC convenience, or great UI,...
This type of transaction with such a sum will become commonplace over time. The same thing happens several times a day with fiats.
What is interesting is that some of these bitcoins have been transferred from one trading platform to another. In this case, the coins came out of several exchanges such as Kraken, Coinbase, Huobi and to go mainly to Binance and Bittrex.
Now the question is: what is special about these two exchanges? It can not be for cheap fees, KYC convenience, or great UI,...
Checking a few transactions that are marked to be from or to "unknown" whales makes me think most of those are internal transactions done by exchanges from their cold wallets to either hot wallets to make payments or to other storage.
Also, check this one labeled as "unknown" to binance"
https://www.blockchain.com/btc/address/3AAutrR6nVkQmiminewAnp2JXg8yvQBG9b
But in fact, the source for the funds is
https://www.blockchain.com/btc/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo
which is actually...also binance's cold wallet
Also, check this one labeled as "unknown" to binance"
https://www.blockchain.com/btc/address/3AAutrR6nVkQmiminewAnp2JXg8yvQBG9b
But in fact, the source for the funds is
https://www.blockchain.com/btc/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo
which is actually...also binance's cold wallet
That is a very large amount, so if the amount of Bitcoin is sold everything will result in a very deep decline in prices, but now prices have started to stabilize again in the market, after yesterday's decline, and I hope there is no further decline
I'm not movement of bitcoin between wallets is synonymous to selling them, If they were moved to an exchange I'm very selling of such amount of Bitcoin would have had a huge negative impact by now.
That is a very large amount, so if the amount of Bitcoin is sold everything will result in a very deep decline in prices, but now prices have started to stabilize again in the market, after yesterday's decline, and I hope there is no further decline
Here we go again 
Whales are waiting eagerly for such momentums in the market and they are able to realize the quick facts. After the expected dump, we should ride the new wave of a bear trend, unfortunately.
Whales are waiting eagerly for such momentums in the market and they are able to realize the quick facts. After the expected dump, we should ride the new wave of a bear trend, unfortunately.
That are big numbers that are moving around. They would be crazy if the amounts are correct to leave it at a exchange.
Sure it will flow back inn somewhere again.
Sure it will flow back inn somewhere again.
If all this coin will be selled little by little can cause some price drop, but if only a part of coin will be selled to get more bitcoin at cheap prices, then is very possible all bitcoins to be transferred back to whale wallet.
It looks like the demand for bitcoin among whales is outstripping the amount minted on a monthly basis, and that a lot of this activity is being done on over the counter exchanges so as not to impact the quoted prices. This is a good sign because after the next halving, it will be much more difficult to make such transactions without moving the market.
I don't think this is the real reason why the price suddenly go down. I mean, the whale didn't sell right? It was just a moved although It was caught by crypto whale watchers. Probably he/she wanted to secure his funds, thus moving it right it front of us. I guess the real reason for the sell-off is that speculators just booking profits at $5300, too much of a mental barrier for most of them. The thing is after the selling, the price is looking solid at $5000 range and could really be the new lows.
That seems to be odd, though it certainly triggered a lot of sells for today. Earlier this day, bitcoin was still trading for over $5200 and we have drooped under $5000 for some time until returning to the said range. Idk why would a whale be exposing himself in the open if all they want to do is just move funds around. They could have used some discreet methods of moving their funds from A to B without causing such a stir--or maybe it was planned all along. Anyhow, some traders have already reacted to the said event and could have been much worse if those coins were dumped directly into exchanges.
Well if the analysis of the experts were right that it could turn to almost 6K usd next cycle then whoever that whale dumping that huge BTC should regret for his/her btc became an instrumennt through bull run or the recovering of bitcoin market.
Anyway, I just can't believe that there whales are really existing basing on this huge BTC being moved. If this is an individual then surely he can buy the girls around the globe with beers and delux life living. Good for him/her for that wealth. But, I am also thinking that this could also be a group of people that owns the btc and will be going divide after its liquidity.
Anyway, I just can't believe that there whales are really existing basing on this huge BTC being moved. If this is an individual then surely he can buy the girls around the globe with beers and delux life living. Good for him/her for that wealth. But, I am also thinking that this could also be a group of people that owns the btc and will be going divide after its liquidity.
That's a lot of bitcoin, real whales found.
So this move triggered the market to put bloods on the streets again. Soon, we wll find out on who are these whales that bought or transferred that amount to an unknown wallet.
So this move triggered the market to put bloods on the streets again. Soon, we wll find out on who are these whales that bought or transferred that amount to an unknown wallet.
I don't think they will reveal themselves to the public because that is related to the big amount of bitcoin that moves to another wallet. It is too risky to tell the public who are the whales. But I am not sure that is only one person who moves the bitcoin to another wallet because we don't know either who has the wallet address which receiving that bitcoin.
But I am curious about what will happen in the market after that moment. I hope that it will not give a big impact on the market and bitcoin price will still increase in the next week. I see now the bitcoin price try to increase the price like before and I hope that it will rise again and increase to the higher price.
That's a lot of bitcoin, real whales found.
So this move triggered the market to put bloods on the streets again. Soon, we wll find out on who are these whales that bought or transferred that amount to an unknown wallet.
So this move triggered the market to put bloods on the streets again. Soon, we wll find out on who are these whales that bought or transferred that amount to an unknown wallet.
Crypto whale watchers are tracking a pair of huge Bitcoin transactions that moved a total of 20,378 BTC worth about $102.5 million.
Both transactions happened between unknown wallets and do not appear to be traders gearing up to sell.
9,939 BTC worth $50.0 million transferred from unknown wallet to unknown wallet
10,439 BTC worth $52.5 million transferred from unknown wallet to unknown wallet
The movements are part of a larger Bitcoin whale migration happening as the markets move into the red.
In the last 24 hours, whales moved a total of 42,616 BTC worth about $215 million, at the time of writing. The vast majority of the BTC was moved off of crypto exchanges to unknown wallets, or from one crypto exchange to another.
Right now, the crypto market is a sea of red. Bitcoin is down 4.86% at $5,036. Ethereum is down 8.61% at $164.77, and XRP is down 8.13% at $0.3285.
Technical analysts say the market downturn is putting projections of a near-term BTC price rise to $5,800 on ice. According to CoinDesk analyst Daniel Paomer, the drop may have “thrown a spanner into a bullish market setup that had looked likely to propel prices to highs not seen since late last year.”
Reference: https://dailyhodl.com/2019/04/11/bitcoin-whales-move-42616-btc-as-leading-crypto-tests-5000-btc-ethereum-xrp-litecoin-forecast/
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