Bitcoin whales move more than 111,000 BTC in 24 hours.

[Sariana23]

The sum amounts to more than $4.8 billion, which is a large amount. According to the tracker Whale Alert, several transactions have been recorded with amounts ranging from 10,200 BTC to 10,400 BTC each.
Importantly, Santiment also reported that Bitcoin whales with between 100 and 10,000 BTC in their wallets, hold 49.11% of the total Bitcoin supply.

 

[HayKay]

Does this mean then that there are a lot of people exiting? Are we expecting yet another fall in BTC prices? This news would definitely impact the price of bitcoin in the coming days. Another reason why I'll not bother to delve to this crypto thing

 

[Suba]

The sum amounts to more than $4.8 billion, which is a large amount. According to the tracker Whale Alert, several transactions have been recorded with amounts ranging from 10,200 BTC to 10,400 BTC each.
Importantly, Santiment also reported that Bitcoin whales with between 100 and 10,000 BTC in their wallets, hold 49.11% of the total Bitcoin supply.

If your news source is valid, then almost 50% of the total Bitcoin supply is in the hands of the whales, so they can control and control the price of Bitcoin. In general, a person or institution is categorized as whales if they hold at least 1000 BTC, so the whales will play a very important role in manipulating prices either through increasing volatility, decreasing liquidity or a combination of both.

 

[Lens]

If your news source is valid, then almost 50% of the total Bitcoin supply is in the hands of the whales, so they can control and control the price of Bitcoin. In general, a person or institution is categorized as whales if they hold at least 1000 BTC, so the whales will play a very important role in manipulating prices either through increasing volatility, decreasing liquidity or a combination of both.

This is what is obtainable and it's no longer news that the whale wave a heavy hand over the cryptocurrency . Don't be surprised by the amount of bitcoin in their wallet because they buy the coin in large quantity. Do you now the amount of bitcoin bought by Elon Musk?

 

[Sariana23]

This is what is obtainable and it's no longer news that the whale wave a heavy hand over the cryptocurrency . Don't be surprised by the amount of bitcoin in their wallet because they buy the coin in large quantity. Do you now the amount of bitcoin bought by Elon Musk?

In fact, before publishing the topic, I went to several information sites, and verified their veracity. Now let's wait what happens with such a high percentage in their hands, because I managed to analyze something and it is what you say, the whales can come a great manipulation of prices.

 

[Josemendez]

During this present rise in the cryptocurrency market , it is normal for whales to move their cryptocurrency to exchange in other to make profit when the bull starts.

 

[jeff87]

The sum amounts to more than $4.8 billion, which is a large amount. According to the tracker Whale Alert, several transactions have been recorded with amounts ranging from 10,200 BTC to 10,400 BTC each.
Importantly, Santiment also reported that Bitcoin whales with between 100 and 10,000 BTC in their wallets, hold 49.11% of the total Bitcoin supply.

I think this is the reason why presently the Bitcoin price is going up. When I checked in coinmarket cap today the price of one Bitcoin is at $46,000 dollars. It went down to $30,000 the last few weeks. I hope those whales will not dump Bitcoin but pump it. When there's a dump it only means they're selling because they want to take profit.

 

[GIFTMICHAEL]

Thast is a very large amount of BTC which is moved by the whales of BTC. Moving $4.5 billion of BTC worth over 10,200 is a large one, that shows whales controls the market.

 

[Sariana23]

During this present rise in the cryptocurrency market , it is normal for whales to move their cryptocurrency to exchange in other to make profit when the bull starts.

Yes you are right, I was reading information about these names, bulls, whales and bears. Since I am missing many things to learn and when you mentioned those names, I have to investigate to get an idea of your publication. So now I understand when you express that it is a normal situation.

I think this is the reason why presently the Bitcoin price is going up. When I checked in coinmarket cap today the price of one Bitcoin is at $46,000 dollars. It went down to $30,000 the last few weeks. I hope those whales will not dump Bitcoin but pump it. When there's a dump it only means they're selling because they want to take profit.

That's right, it is currently at $46, and as you say what we expect is that it will continue to go up, which will surely benefit all of us. If so, let's hope that it continues the movement that is leading to these results.

 

[Suba]

This is what is obtainable and it's no longer news that the whale wave a heavy hand over the cryptocurrency . Don't be surprised by the amount of bitcoin in their wallet because they buy the coin in large quantity. Do you now the amount of bitcoin bought by Elon Musk?

I am not surprised by the number of Bitcoin whales they have, because the law of supply and demand with a limited supply of Bitcoin, a large amount will affect the market price, according to hedge funds the amount of Bitcoin owned by Elon Musk is currently more than US $ 5.5 billion

 

[Justin]

It feels so bad to see rich people getting richer and poor people getting poorer. Whales are every where not just in cryptocurrency market and they are sitting on the piles of wealth.

 

[Setfragil]

I think the whales are the ones that determines the prices of bitcoins in the market. In spite of this, the prices of bitcoin as seen a tremendous increase for some days now.

 

[tyrim88]

This is definitely a delibrate strategy to steadilly gain control over the bitcoin market,and they will be the ultimate decider of the prices and will have to determine how the market fluctuation should swing.The whales will have a big say here.

 

[Hena101]

This is very good that's why it is good to learn to trade the market with them and get profit since you can not trade against them win i love it.

 

[Yusuf]

That is s very good development and it simply shod this Bitcoin has finally moved away from the schakles of china crackdown. For me this will help the crypto currency exchange Business to go up

 

[Nurudeen]

This is actually a good news for the crypto currency exchange Business. With this recent pump it will help all those who have lost money in the market during the best market to recover their money

 

[Kelly5]

Are they expecting a dip so that they could buy up more of the coins from the people selling that period or what. This move by these guys is a strategic move in anticipation for something big coming

 

[kayode10]

This is very huge, no wonder the price of Bitcoin continue to rise. Those guys that are acquiring the coins are seeing something different from the rest of us.

 

[Zevin]

IN the real world, over 90 percent of the world's wealth is controlled by 1 percent of people. That's also happening in the crypto currency market. Very few people hold most of the bitcoin.

 

[BrolySSJ]

The sum amounts to more than $4.8 billion, which is a large amount. According to the tracker Whale Alert, several transactions have been recorded with amounts ranging from 10,200 BTC to 10,400 BTC each.
Importantly, Santiment also reported that Bitcoin whales with between 100 and 10,000 BTC in their wallets, hold 49.11% of the total Bitcoin supply.

This is quite a substantial portion of the Bitcoin supply that these people are actually in control of and it shows that there are a large power that can be manipulating the market as well. Generally when there's such a large move of Bitcoin it could be an indication that these people are looking to trade these specific cryptocurrencies and therefore people start to panic and there could be market volatility.