Bitcoin Cryptocurrency

Bitcoin Whale Moves $364 Million Worth of BTC

  • 45,000 BTC moved by Bitcoin whale from one address to nine different addresses
  • Bitcoin traders holding back from selling, waiting for price bull run

An unknown Bitcoin Whale has been noticed with the movement of 45,000 BTC which is relatively 364 million US Dollars. The transfer was made to 9 different addresses in succession.

Transfer of BTC from one address to the other is a usual habit of Bitcoin whales, and it is usually seen on daily basis in the crypto space.

The data was cited on btc.com at about 10:30 (UTC) on 15th May 2019. The main point of attraction is that the said address was ranked 15th in Bitcoin’s investment rich list before the transaction was made. The address is reportedly holding no BTC presently.

Previous Bitcon Whale Alerts

It was indicated by an online crypto movement tracker, WhaleAlert, on 14th May 2019 that a BTC whale moved a sum of 2,587 BTC which is approximately $21 million to another address.

According to areport, the transfer was made from 3CAS4rHRRdR7UNVNUUGhY9E5epQ6Qtq4xt to 369R9pfXpJwhtcEnUokZKEi7FTE1UNfWi6 at 09:33:52 UTC.

About 3 days ago, Bitcoin whales reportedly moved about 86,140 BTC (about $682 million) within 24 hours.

From 20 whopping BTC transfers in a day, 18 were made by either moving crypto assets from cryptocurrency exchanges or from unknown wallet to another, while only two were sent from wallet to crypto exchanges.

These huge movements of crypto assets depict the fact that investors are not ready to sell their accumulated Bitcoins due to its present state in the market.

Bitcoin’s State in the Crypto Market

Bitcoin has maintained its stability so far. There has been no significant surge in the last 24 hour but remains around $8000 with no notable price drop either.

At the time of writing, BTC is trading at $8,004.75. Some crypto analysts have put up there sentiments claiming that it is unlikely for Bitcoin to experience a huge drop in price.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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About the author

Solomon Odunayo

Solomon Odunayo had dispensed his writing ability on growing Eagles News Media, covering News for relatively 2 years as a founder and editor.

He now works with NewsLogical.com as a full time cryptocurrency Journalist and Chief Editor due to the experience he garnered over time in the crypto sphere.

Email: solomon.odunayo@newslogical.com, editor@newslogical.com.

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