Bitcoin Whales Move 42,616 BTC As Leading Crypto Tests $5,000

[Ailmand]

People are always watching over bitcoin movement from one to another which can mean a lot of things. Maybe this has caused the market to turn red again, a lot of people were bothered and a huge sell-off occurred no one is sure whether this huge amount of bitcoin was meant to be sold or just move from one wallet to another.

[jjjfff]

From zero to $5k in 10 years.

Thank you Bitcoin for being the most amazing invention in the history of finance.

[0t3p0t]

Wow! That was huge number of Bitcoin funds and I think it is also the reason why the market has impact or maybe whale investors are pulling their funds out so that they can manipulate and victimized those who has  weaker hands so that good gains will be goin into whale's wallets. Whether we are just fooled by exchanges as they themselves are sending funds to their own wallets we need to go with the flow so that everything will be fine.

[blueteam09]

Maybe the whale is trying to control the trend of Bitcoin, many different scenarios offered, but I believe this is just a plan that creates pressure for all investors to sell Bitcoin. And then whales will be able to buy Bitcoin at a lower price. Whales always have perfect plans.

[Oceat]

From zero to $5k in 10 years.

Thank you Bitcoin for being the most amazing invention in the history of finance.

Oh come on, how about the $20k on 8 years? I bet did you missed that, do you?
We should consider ourselves lucky at least it is progressing since Bitcoin is still under in development. Don't tell me you didn't get anything from that $20k on 2017? This is how the market works and you should think the ups and down. Don't just focus on the positive side if you want your progress to succeed.

[livingfree]

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.

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.

We may not know but who knows if they will voluntarily announce that they are the ones who held these amounts? also there are reporters who have always been interested with this kind of news to report.

And with this kind of news before, the market always move and react quickly. But at this time, I haven't seen that there's a massive outbreak and too much dip other than $5,400 back to $5,00 which is normal for me because bitcoin went $1k within few hours.

[royalfestus]

I wont like to welcome any form of FUD. I dont think it was responsible for the present market situation and it even came later than the reaction, actually that size is capable dumping the market with a big price cut but since it didnt we should try to enjoy our coffee in peace. It is surprising how people watch for any movement in the market and wallets, sadly they cant deprive the movement or know the purpose.

[Cacingkemi]

Transfer whales at most to binance estimating not to make red BTC but to pump some ALT, some whales send from market to another market I think we will find a rally again . The whales was competing to make an increase in a ALT and From markets to unknown addresses this is a like hold, crypto whale watchers are really great at knowing the whales movements.

[fiulpro]

The fact that they are transferring the amount credits to two main things :-

1. Now they can be tracked and we can actually see who they are and what was really going on till now .

2. Since they are transferring money to this so called unknown source now we should be sure of one thing that maybe they both are the same person ?
Don't you think ?
I mean at the same time who does this , isn't this too big of a coincidence , even if they aren't a same person maybe they communicate with each other or something.

This is really dark how they have so much control over the market.
Right now the market is kind of stable and not yet to be determined if they were responsible for the rally , we can just see the prices and make a rough estimate out of it.

[whirlcoin]

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/

it is a good sign of improvement if Bitcoin is developed due to be here greater position it will be good for the investor only so who will hold in their investment for a while like the development is happening there will be a huge opportunity for everyone to be developed with their profit.

[jakelyson]

They moved 42k bitcoins and 5k support tanked it. That is good i think. It means they need more than that to make it point downwards. It is harder to manipulate bitcoin now. Or is it?

[coinplus]

That is a whole lot of money man, at 5 thousand dollars per bitcoin that comes down to over 200 million dollars moved, 200 MILLION dollars. It goes to show you how much of the market is actually under whales control. You may think that when combined all the smaller time investors can worth more than the whales and you might be right (or you might be wrong) but in the end we are not as collectively working as they are.

When you are a whale that can move 200 million dollars in a week you do pass the small investors right away and make the most profit, us small investors even if combined look strong do not act all together and we all move according to our own timelines. That is why they are whales and that is why we are not, because we are not a collective force to do anything but individuals.

[eaLiTy]

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.

A few weeks back there was a news that there is a hundred  million dollars worth of buy order being executed between a few exchanges through a combined effort and may be those coins are being moved to another wallets   . Whale watchers, it is a funny word in the market, just monitoring huge transactions being carried out and glad that they did not come up with the FUD news that a huge sell order is taking place to bring down the market  .

[Yaunfitda]

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.

A few weeks back there was a news that there is a hundred  million dollars worth of buy order being executed between a few exchanges through a combined effort and may be those coins are being moved to another wallets   . Whale watchers, it is a funny word in the market, just monitoring huge transactions being carried out and glad that they did not come up with the FUD news that a huge sell order is taking place to bring down the market  .

At least they didn't try to create FUD in the article. Yeah, but what the heck, whale watchers? Lol, Definitely those people has a lot of time in their hands to look at those big wallets and when and how the move it.

Anyways, it didn't put any dent of the price, as it is testing maybe $5200-$5300 in the next coming days so it's going to be interesting. If we broke those resistance then we are getting  closer to where prior to the massive drop, around the $6000-$6500 range. So let's see if we can get and broke psychological barriers again.

[Crypdon]

Is it possible that these wallets belong to the exchange itself? It's hard to believe that whales would leave that much btc on an exchange rather than a cold storage wallet

[OrangeSeller]

Whales have started storing their coin for the future, when a lot of persons are giving up on the market. Whales are very smart people and they always set a target they want to achieve even before they enter into the crypto market, a whale can set a target to drive the price of bitcoin to a particular amount, and then dump at that point making them a lot of profit in short period of time, we are going to see even more whales coming into the market.