Bitcoin whales are out in force to start the weekend. In the past 24 hours, whales have moved a staggering 36,814 BTC worth $444.9 million.
The largest single transaction was a whale who owns 9,000 BTC, and moved the funds off of the crypto exchange Poloniex to an unknown wallet.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 9,000 #BTC (111,164,117 USD) transferred from #Poloniex to unknown wallet
— Whale Alert (@whale_alert) June 28, 2019
Here’s a look at the major Bitcoin whale activity in the last day, as the price of BTC has climbed back to around $12,000.
Out of the 22 transactions, only one involved crypto being sent to an exchange. That trader in particular moved 3,002 BTC worth $36.6 million to Coinbase, indicating the whale may be planning to sell some or all of their assets.
- 500 BTC worth $5.9 million transferred from Bitstamp to unknown wallet
- 553 BTC worth $6.6 million transferred from Bitstamp to unknown wallet
- 1,197 BTC worth $14.2 million transferred from Bitstamp to unknown wallet
- 742 BTC worth $8.8 million transferred from Bitstamp to unknown wallet
- 740 BTC worth $8.7 million transferred from Bitstamp to unknown wallet
- 800 BTC worth $9.5 million transferred from Huobi to unknown wallet
- 999 BTC worth $11.7 million transferred from Sygnia.io to unknown wallet
- 499 BTC worth $5.8 million transferred from Sygnia.io to unknown wallet
- 777 BTC worth $9.1 million transferred from Sygnia.io to unknown wallet
- 777 BTC worth $9.0 million transferred from Sygnia.io to unknown wallet
- 999 BTC worth $11.6 million transferred from Sygnia.io to unknown wallet
- 1,134 BTC worth $13.3 million transferred from Bitstamp to unknown wallet
- 999 BTC worth $11.8 million transferred from Sygnia.io to unknown wallet
- 1,387 BTC worth $16.0 million transferred from Coinbase to unknown wallet
- 3,002 BTC worth $36.6 million transferred from unknown wallet to Coinbase
- 8,000 BTC worth $98.3 million transferred from Poloniex to unknown wallet
- 1,052 BTC worth $12.7 million transferred from Bitfinex to unknown wallet
- 1,256 BTC worth $15.2 million transferred from Coinbase to unknown wallet
- 837 BTC worth $10.1 million transferred from Bitstamp to unknown wallet
- 9,000 BTC worth $111.1 million transferred from Poloniex to unknown wallet
- 664 BTC worth $8.0 million transferred from Bitfinex to unknown wallet
- 900 BTC worth $10.9 million transferred from Bitstamp to unknown wallet
Meanwhile, crypto traders are on an emotional rollercoaster triggered by Tether.
Today, the company moved $10 million in USDT from its treasury to the crypto exchange Bitfinex. However, moments later, the exact same amount of USDT was sent right back to Tether’s treasury.
🚨 10,000,000 #USDT (10,005,722 USD) transferred from Tether Treasury to #Bitfinex
— Whale Alert (@whale_alert) June 29, 2019
— Diary of a REKT man (@diaryrektman) June 29, 2019
In the past, when Tether prints USDT and sends it to the crypto exchange Bitfinex, the price of BTC has gone up, indicating the tokens are being used to buy Bitcoin. Bitfinex and Tether are both owned by iFinex, Inc., and Bitfinex denies that USDT has ever been used to manipulate the price of the world’s leading cryptocurrency.
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