Crypto Whales Move $476.7 Million in Bitcoin As Weekend Trading Begins – BTC, ETH, XRP, LTC, BCH, EOS, XLM, TRX Forecasts

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Crypto whales are surfacing en masse as the week comes to a close.

In the last 24 hours, some of Bitcoin’s biggest holders have moved 41,063 BTC worth about $476.7 million. Of the 12 largest transactions, only one involves cryptocurrency being moved onto an exchange, which indicates one trader may be looking to sell as much as 500 BTC worth $5.7 million.

• 8,804 BTC worth $102.3 million transferred from unknown wallet to unknown wallet
• 2,092 BTC worth $23.8 million transferred from Huobi to unknown wallet
• 5,669 BTC worth $64.5 million transferred from Huobi to unknown wallet
• 2,998 BTC worth $34.9 million transferred from OKEx to unknown wallet
• 3,000 BTC worth $34.9 million transferred from OKEx to unknown wallet
• 3,000 BTC worth $35.1 million transferred from OKEx to unknown wallet
• 3,000 BTC worth $35.1 million transferred from OKEx to unknown wallet
• 3,000 BTC worth $35.1 million transferred from OKEx to unknown wallet
• 3,000 BTC worth $35.1 million transferred from OKEx to unknown wallet
• 3,000 BTC worth $35.1 million transferred from OKEx to unknown wallet
• 3,000 BTC worth $35.1 million transferred from OKEx to unknown wallet
• 500 BTC worth $5.7 million transferred from unknown wallet to OKEx

As the weekend begins, crypto analyst Josh Rager is calling out sluggish volume for BTC and says he’s looking for Bitcoin to cross $12,500 before getting bullish.

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According to Rager, a move below $11,138 would indicate a further drop is imminent.

https://twitter.com/Josh_Rager/status/1149675290081103878

Rager says the altcoin market, which has taken a beating amid rising Bitcoin dominance, has most likely not hit a bottom yet.

https://twitter.com/Josh_Rager/status/1149328446297952256

At time of writing, Bitcoin is up 5.16% at $11,886 according to COIN360.

Ethereum is up 2.49% at $276.09, XRP is up 4.80% at $0.3432 and Litecoin is up 0.77% at $104.42.

After a period of significant volatility, crypto analysts at large are looking for signs of a sustainable Bitcoin recovery.

Bitcoin

NewsBTC – Bitcoin price now testing crucial support

FXStreet – Recovery from recent lows painfully slow

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Ethereum

Blockonomi – Support near the $260 currently preventing additional losses

XRP, Litecoin, Bitcoin Cash, EOS, Stellar, Tron

FX Empire – Potential for more pain if XRP, Litecoin and Bitcoin Cash Can’t Hit Key Levels

NewsBTC – Crypto market remains vulnerable: BCH, XLM, EOS, TRX Analysis

FXStreet – LTC/USD buyers heavily trying to defend $100 mark

 

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.