RATE Group | Whale Moves 1000 BTC to External Wallet — Prepare to HODL?
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Whale Moves 1000 BTC to External Wallet — Prepare to HODL?

14 Oct Whale Moves 1000 BTC to External Wallet — Prepare to HODL?

Posted at 16:21h in Bitcoin News by

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One major player in the cryptocurrency market just withdrew 1,000 BTC ($8.3M) from Bitstamp to an external wallet. Is this a sign that Bitcoin is in a period of accumulation?

The leading cryptocurrency has been holding steady around the $8,300 price point and seems to have proven wrong many of the bears who have been calling for a further breakdown below the $8,000 price level. Instead, Bitcoin has remained relatively stable and volatility is oddly low.

bitcoin

Given the stability in Bitcoin’s price, some whales are taking notice — which seems to be a clear sign that we are in an accumulation period.

One individual earlier today moved 1,000 BTC (worth around $8.3M) from Bitstamp to an external wallet. The transaction was recorded by Whale Alert (@whale_alert).

The 1,000 BTC was sent to a completely new address. This means that it was made…

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