A whale has transferred 4,500 bitcoins, equivalent to $ 50 million, from its wallet to Bainance Exchange. No information is available on the identity of this whale and its intention to carry out this transaction.
According to the Whale Alert robot, this large transaction was done for a fee of $ 22. Whale Alert is a Twitter account that tracks large digital currency transactions.
The $ 50 million transaction was reportedly made to an exchange office. It is likely that the whale intended to make the transaction, trade or sell this volume of assets. Will Alert says it is not yet clear who owns the account. However, the source wallet has nothing to do with the well-known accounts of digital currency exchanges. The source wallet started operating in February and has had 160 high-value transactions since then.
http://s10.picofile.com/file/8406908934/EgSVUzEU8AERai4_1024x503.pngThe transaction coincided with an increase in speculation about a short-term decline in the price of bitcoin. According to some digital currency market experts, such as Michael van de Pope, with 50,000 followers on Twitter, the price of bitcoin falls to 10,800 before flooring.
Another bitcoin price analyst, Flood, commented that his view of the digital currency was declining. He predicted that the price of the king of digital currencies could break the resistance of $ 11,000 and fall to the support of $ 10,500.
http://s10.picofile.com/file/8406909018/D7JA812XYAAKt8H_1024x466.jpg(I have shown his analysis in the picture above)Market analyst Josh Rager has a bearish view, believing that the price of bitcoin will fall below $ 10,000. He added that this price correction does not surprise him, as Bitcoin has a long history of recording 30% corrections.
