One of the richest Bitcoin owners, i.e. “whale“Has just completed a huge cryptocurrency transfer within the network. Is this a good or bad sign?
Whale BTC transfers funds
Investors often look for tips on what to do – buy or sell BTC – analyzing the movements of the largest players, i.e. whales. Now they are wondering why the mysterious whale has completely emptied his wallet on Bitcoinyby sending funds to another anonymous address.
A keen observer of the cryptocurrency market and blockchain moves, Whale The alert noticed a single transaction worth as much as 14,922 BTC, or around $ 143.96 million. The transfer of such a large amount cost 0.00003138 BTC – which is about 0.30 USD.
He wrote about it in his new tweet:
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 14.922 #BTC (143,962,779 USD) transferred from unknown wallet to unknown wallet
– Whale Alert (@whale_alert) May 18, 2020
According to BitInfoCharts, the wallet consistently accumulated BTC in one month. You can see it in this place. On April 5 it was the 58th “richest” address on the network Bitcoin worth over 12 380 BTC, or USD 85.08 million.
By May 13, the wallet jumped 10 places to rank 48th among the richest addresses in Bitcoin blockchain and storing over 15 470 BTC, which were then worth USD 138.15 million. It is not clear why he suddenly sent the funds to another address.
New data show that whales in the Bitcoin network constantly accumulate digital currencies
As we mentioned, smaller investors are interested in what their “big” counterparts do. According to Glassnode, the number of addresses in Bitcoin blockchanging with at least 1,000 BTC dropped shortly after the massive crash that occurred in mid-March, but quickly returned to higher levels when the market recovered.
In general, it has long been noted that “whales” accumulate BTC. Were they preparing for another bubble on cryptocurrencies? It’s real, but remember that it doesn’t have to mean that …
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