What’s Happening in the Market? Giant Whales Displaced Billions In Bitcoin In Hours!

What’s Happening in the Market? Giant Whales Displaced Billions In Bitcoin In Hours!

Massive Bitcoin whales carried about 250,000 BTC in seven transactions and transferred $ 2.2 billion without a single bank instrument. What’s going on in the market? Here’s what happened and BTC’s next move…

Giant whales carry $ 2.2 billion of Bitcoin

Whale Alert ,  seven huge Bitcoin was reported that the process took place. Between 27,000 and 39,000 BTC, cryptocurrencies were moved in each transaction, with a total of 241,175 BTC moving. In just an hour, giant whales moved 241,175 BTC worth $ 2.2 billion, according to the Whale Alert account on Twitter. The transfers were made one after another, and each contained an average of 30,000 BTC.

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Transaction data shows that some of the sending and receiving wallet addresses are used twice. For this reason, six unidentified BTC wallet addresses were included in the transaction to send this huge amount of cryptocurrencies. However, Whale Alert stated that all these large BTC transactions may belong to a stock exchange.

ATH on Bitcoin addresses! “The price can see $ 11,500”

According to data provided by Glassnode, the number of Bitcoin addresses holding more than 0.1 BTC cryptocurrencies on June 19 rose from 3.072.715, the all-time high, to 3.073.602. The data show that in less than a day this number increased by about 1,000. At the time of writing, the leading cryptocurrency continues to be traded in a narrow range and is changing hands at $ 9,303.

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According to CoinMarketCap figures, Bitcoin has been stuck in this trading range since it recovered from levels below $ 9,000 on June 15. However, analysts continue to rise in BTC. Some analysts expect the price to rise to $ 11,500, provided Bitcoin stays in the $ 9,300 area.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

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