https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Do the whales decide to liquidate their BTC?, Forex-News, Forex-News
Bitcoin
$19,095.28
+119.19
Ethereum
$593.58
+4.55
Litecoin
$82.87
-0.41
DigitalCash
$102.51
-0.75
Monero
$132.37
-0.44
Nxt
$0.01
0
Ethereum Classic
$6.15
-0.08
Dogecoin
$0.00
0

Do the whales decide to liquidate their BTC?

3
, Do the whales decide to liquidate their BTC?, Forex-News, Forex-News


, Do the whales decide to liquidate their BTC?, Forex-News, Forex-News

This last week of October has been quite a trip for Bitcoin, since it touched the level of US $ 14,000. However, this fact has not yet been consolidated. This is not to say that the Bitcoin whales have not seized the opportunity to put their profit strategies in motion. Here we show you a summary of what this week has been like for these actors of the crypto world. Did Bitcoin whales decide to liquidate their BTC? Find out.

As usual, we will use as a reference the reports published by Whale Alert. Also, we will comment a little on the situation of the scams and scams reported during this period of time.

Weekly summary of Bitcoin whale activity with BTC

First, as you can see in the summary table, it should be noted that the whales mobilized 185,132 BTC in these five days, through 61 operations. However, what is notable is that 57.40% of that amount moved on Monday, October 26.

, Do the whales decide to liquidate their BTC?, Forex-News, Forex-News
Summary chart of Bitcoin Whale activity from October 26 to 30, 2020. Source: Whale Alert

Even more striking is that this is thanks to two operations in which 45,671 BTC and 43,185 BTC were mobilized respectively, from Xapo to unknown wallets. By the volume, it is very likely that it is not an individual actor.

Regarding trends, during three of the five days the amount of accumulation was greater than that introduced in exchanges for sale. The exceptions were on October 28 and 30.

These were the days when BTC was closest to $ 14,000. This was the moment when some whales took advantage of to make a profit with the BTC that they had accumulated all these previous weeks.

The transfer from unknown wallets to exchanges represented 18.56% of the total mobilized in the week. This represents a considerable increase in this option compared to a few weeks ago.

Exploring the flow of whale activity

If we evaluate the flow of activity, we will notice that after the 26th it dropped considerably and remained moderately at the same level the rest of the week. The least trading day for Bitcoin whales this week was October 29, when BTC approached $ 13,200. Maybe the whale liquidation on the 28th helped this $ 400 drop to come about.

, Do the whales decide to liquidate their BTC?, Forex-News, Forex-News
Bitcoin whale activity flow this week demonstrates a decline in BTC mobilization momentum.

What happened to hackers and scammers this week?

During this week hackers and scammers were also active. Specifically, Whale Alert reported suspicious activity on October 26, 27 and 29.

On the 26th, two operations were reported since the Kucoin 2020 hack to unknown wallets, for a total of 201 BTC. This is the equivalent of approximately US $ 2,743,851, at the time of this writing.

However, more worrying is what happened the next day. On 10/27 trading, 807 BTC from the same source as the previous day’s thefts ended up in an unknown wallet. Next, a payment of 1,135 BTC was made to a reported investment scam. Finally, on the 29th another payment was made to an investment scam for 0.89 BTC.





, Do the whales decide to liquidate their BTC?, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Do the whales decide to liquidate their BTC?, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More