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

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.

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

$BTC – 15Min Chart

Struggling to break above $11,760 with the decreasing volume setting up for more volatility (BBands squeezing on lower time frame)

Any move and close below $11,138 would be bearish on LTF and for me to get absolutely bullish, I want price above $12,500 pic.twitter.com/gTmBXRbGOW

— Josh Rager 📈 (@Josh_Rager) July 12, 2019

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

Altcoins likely haven't found their bottom

If this is a prolonged retrace for an overly extended Bitcoin price then many altcoins will continue to make new lows

This could present tremendous buying opportunities in the coming weeks/months for both alts & BTC for long term gains

— Josh Rager 📈 (@Josh_Rager) July 11, 2019

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

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

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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 loses 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.