One Twitter account has been picking up a bewildering number of Bitcoin transfers of $410M cycled through many wallets. The reason still remains a mystery.
Large transfers of Bitcoin are expected, but recent on-chain movements have been raising eyebrows. One large market player has been moving $410M between addresses, incessantly. In total, nearly $10B in BTC has been moved back-and-forth in just 15 minutes.Read the full news hereAnother one of many Bitcoin and crypto whale alert here!For me, this is a such a huge amount worth of Bitcoin to be moved in another address in only 15 minutes. However, it's still a mystery whatever the reason is.
These whales are just fortunate enough to accumulate Bitcoin during the early times. Until now, I still regretted in doubting about investing in Bitcoin years ago.
Correct me if I'm wrong, but these whales know what they are doing. They are here for the long-term since they have enough BTCs in their arsenal, especially the next year's halving. However, I would not really count on halving's guarantee of BTC's price pump.
Its already the last quater of this year and prices have not shown much movements and seems to be struggling to rise and this news will not affect the market as moving huge amounts of fund in btc is not so big thing but sometimes whales try to manipulate the prices by creating these type of market awareness intentionally to increase the investments and gain profits or try to dump btc so as to invest at lower prices so don't give much attention to such topics and use your mind in this crypto market if you want to survive for long period.