RATE Group | Whales trade big despite stagnant Bitcoin market
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Whales trade big despite stagnant Bitcoin market

20 Oct Whales trade big despite stagnant Bitcoin market

Posted at 08:31h in Bitcoin News by

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Whale watchers have been busy as of late. A slew of whales–the colloquial term for holders of large amounts of cryptocurrency–have been moving hundreds of millions of dollars of bitcoin and XRP to unknown wallets and exchanges. 

The largest shifts, according to the Twitter whale-watchdog, Whale Alert, were near $100 million Bitcoin trades between unknown wallets and the crypto exchange Binance.

On Thursday evening, someone transferred 9,999.9 Bitcoins ($80,331,150 USD) to an unknown wallet. A couple of hours later, the wallet holder sent the same amount—which had already appreciated by some $300,000, back to Binance.

Seemingly unrelated, someone sent 9,240.756 BTC ($74,752,460 USD) to an unknown wallet a couple hours earlier.

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In the past 24 hours, other whales have traded close to $100 million of Bitcoin between unknown wallets and exchanges. Among them; $40 million worth of BTC

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