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The Daily Hodl
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Bitcoin Whales Move 42,616 BTC As Leading Crypto Tests $5,000 – BTC, Ethereum, XRP, Litecoin Forecast

by Daily Hodl Staff
April 11, 2019
in Trading

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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 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.

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  • 540 BTC worth $2.7 million transferred from Poloniex to unknown wallet
  • 500 BTC worth $2.5 million transferred from Bittrex to unknown wallet
  • 891 BTC worth $4.5 million transferred from Huobi to unknown wallet
  • 500 BTC worth $2.5 million transferred from unknown wallet to Binance
  • 500 BTC worth $2.5 million  transferred from unknown wallet to Binance
  • 500 BTC worth $2.5 million transferred from unknown wallet to Binance
  • 584 BTC worth $2.9 million transferred from unknown wallet to Bittrex
  • 685 BTC worth $3.4 million transferred from Binance to unknown wallet
  • 717 BTC worth $3.6 million transferred from Huobi to unknown wallet
  • 854 BTC worth $4.2 million transferred from Huobi to unknown wallet
  • 900 BTC worth $4.5 million transferred from Huobi to unknown wallet
  • 2,942 BTC worth $15.4 million transferred from bitFlyer to Coincheck
  • 2,929 BTC worth $15.2 million transferred from unknown wallet to bitFlyer
  • 595 BTC worth $3.0 million transferred from Korbit to unknown wallet
  • 650 BTC worth $3.3 million transferred from Bitfinex to unknown wallet
  • 902 BTC worth $4.7 million transferred from Huobi to Kraken
  • 483 BTC worth $2.5 million transferred from Huobi to Kraken
  • 1,000 BTC worth $5.2 million transferred from Poloniex to Binance
  • 500 BTC worth $2.6 million transferred from Coinbase to unknown wallet
  • 944 BTC worth $4.9 million transferred from OKEx to unknown wallet
  • 479 BTC worth $2.5 million transferred from Kraken to unknown wallet
  • 503 BTC worth $2.6 million transferred from Huobi to unknown wallet
  • 500 BTC worth $2.6 million transferred from Bittrex to Coinbase
  • 1,141 BTC worth $6.0 million transferred from Kraken to unknown wallet
  • 1,000 BTC worth $5.2 million transferred from Bittrex to unknown wallet
  • 500 BTC worth $2.6 million transferred from Bittrex to unknown wallet

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.

Source: Coin360

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.”

Bitcoin

CoinDesk – Bitcoin drops back to $5K price support after failed breakout

FXStreet – BTC/USD comes down tumbling after the rejection at $5,400

Blockonomi – Corrective decrease but bulls in control

Ethereum

Crypto Briefing – ETH/USD has seen a correction, but it still has strong support

FXStreet – ETH/USD critical trend line must hold or face $100 again

XRP

FXStreet – XRP/USD heading back for $0.3000

CryptoPotato – XRP plummets following bitcoin’s sentiment

Litecoin

NewsBTC – Cool off, Litecoin may drop to $60 before rallying to $110

FXStreet – Litecoin bulls appear to have found bearing at $77.00

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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