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May 12, 2019

Crypto Whales Explode: $596 Million in Bitcoin on the Move – BTC, XRP, Ethereum, Litecoin, Stellar, Tron Forecasts

By Daily Hodl Staff

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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.

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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.

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Here’s an overview on all of the biggest Bitcoin whale movements in the past day.

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.

Source: Coin360

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

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CoinDeskBitcoin retreat suggests crypto market considered the asset overbought

AMBCryptoBTC volume spikes on reputable crypto exchanges

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Ethereum and Tron

NewsBTCMajor bullish trend line in place for Ethereum, with support near $178

AMBCrypto Tron mildly bullish as ETH breaks major resistance points

XRP and Stellar

CoinGapeXRP has the potential to hit $1.00 by the end of 2019

Captain AltcoinPotential 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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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 losses 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.