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Bitcoin whales are moving massive amounts of BTC in the volatile crypto market. As Bitcoin shot above $7,400 and then back down to around $6,900, whales moved a staggering 86,140 BTC worth about $596 million.
Out of the 20 biggest transactions in the last 24 hours, only two involved a transfer of crypto from an unknown wallet to a crypto exchange.
Instead, most whales moved their assets off of crypto exchanges or from one unknown wallet to another. The movements indicate that overall, traders with large amounts of Bitcoin continue to hold on and are not looking to sell.
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The single biggest whale to surface moved 47,000 BTC worth $343 million between unknown wallets.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 47,000 #BTC (343,078,199 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) May 11, 2019
Here’s an overview on all of the biggest Bitcoin whale movements in the past day.
- 3,723 BTC worth $27.9 million transferred from unknown wallet to unknown wallet
- 1,000 BTC worth $7.5 million transferred from Bittrex to Bitstamp
- 800 BTC worth $5.8 million transferred from Bitfinex to unknown wallet
- 2,983 BTC worth $21.7 million transferred from Bitfinex to unknown wallet
- 867 BTC worth $6.5 million transferred from Bitstamp to unknown wallet
- 840 BTC worth $6.3 million transferred from Bittrex to Coinbase
- 4,000 BTC worth $30.1 million transferred from unknown wallet to Bitfinex
- 6,015 BTC worth $45.2 million transferred from unknown wallet to unknown wallet
- 1,049 BTC worth $7.5 million transferred from Bitstamp to Bitfinex
- 940 BTC worth $6.6 million transferred from Bitstamp to unknown wallet
- 800 BTC worth $5.7 million transferred from bitFlyer to unknown wallet
- 4,323 BTC worth 31.0 million transferred from unknown wallet to unknown wallet
- 6,429 BTC worth $46.1 million transferred from unknown wallet to unknown wallet
- 47,000 BTC worth $343.0 million transferred from unknown wallet to unknown wallet
- 871 BTC worth $6.4 million transferred from Bitstamp to unknown wallet
- 941 BTC worth $6.5 million transferred from Bitstamp to unknown wallet
- 819 BTC worth $5.6 million transferred from Bitstamp to Bittrex
- 942 BTC worth $6.5 million transferred from Bitstamp to unknown wallet
- 1,000 BTC worth $6.8 million transferred from unknown wallet to Bitstamp
- 798 BTC worth $5.4 million transferred from Bitstamp to unknown wallet
Right now, Bitcoin is down 0.44% at $6,926 according to Coin360. Ethereum is down 2.81% at $185.68, and XRP is down 4.12% at $0.3100.
Technical analysts are watching Bitcoin’s support around $7,000 as altcoins react to BTC’s big moves over the last couple of days.
Bitcoin
CoinDesk – Bitcoin retreat suggests crypto market considered the asset overbought
AMBCrypto – BTC volume spikes on reputable crypto exchanges
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Ethereum and Tron
NewsBTC – Major bullish trend line in place for Ethereum, with support near $178
AMBCrypto – Tron mildly bullish as ETH breaks major resistance points
XRP and Stellar
CoinGape – XRP has the potential to hit $1.00 by the end of 2019
Captain Altcoin – Potential trend reversal for XLM in its nascent phase
Litecoin
AMBCrypto – Technical gauge points towards bullish price pattern for LTC
Cointelegraph – Litecoin looking for breakout and close above $91
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