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.
Is this the whale that Bought Bitcoin in 2018 and had just sell His bitcoin recently when the price Hit more than $12k?or this is another whales who transfer Bitcoin to an exchange? anyway This is another Good news to crypto because this means our market is still healthy and worth investing with.
And also this means we are near to 4th quarter and may decide if we are really looking for Bullrun effect of Halving last May or we will have another 2018 market nearing us?
I don't think much about that news. I prefer to wait for what will happen while I can prepare myself. That whale can drop the price at binance, but not the other exchange, and I think if he wants to make the price down, he could only use a short time to dump the bitcoin price because the price will be a bounce to the high price or the last price. If we only focus on the bitcoin amount and who is the owner of that bitcoin, we might miss the chance to do something related to the current market, and it is our mistake.
Sometimes News like this are important to all of us because this makes the market move even a little in prices,and if you are really looking for your own chance then better be aware what movement market has each day.