RATE Group | Whale Transfers Bitcoin Worth $10 Million to Bitstamp; Dump Incoming?
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Whale Transfers Bitcoin Worth $10 Million to Bitstamp; Dump Incoming?

14 Mar Whale Transfers Bitcoin Worth $10 Million to Bitstamp; Dump Incoming?

Posted at 20:57h in Bitcoin News by

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Bitcoins worth $10 million dollars have been transferred to the cryptocurrency exchange Bitstamp from an unknown wallet address. Will BTC dump again? 

Just two days after Bitcoin’s biggest crash in over 10 months, falling from a value of around $7200 per BTC to under $5500 where it currently resides, a huge transfer of the cryptocurrency has taken place today.

According to whale-alert.io’s Twitter update: 2,000 BTC were transferred from an unknown address to the cryptocurrency exchange Bitstamp.

Although it is not certain where the movements originate from but there are a few likely suspects.

Suspect Number 1: BitMEX Traders

The first suspect would be that the funds have come from BitMEX traders. The price drop caught many derivative traders off guard and subsequently caused many forced sell liquidations on the BitMEX…

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