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

[the_ad id=”36860″]

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.

[the_ad id=”36860″]

• 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.

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 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

[the_ad id=”36860″]