According to the monitoring made of the activity of the Bitcoin whales during this week of November, they have mobilized 122,022 BTC through 58 operations. Here we show you all the details and the implications on the value of BTC.
The most predominant trend was accumulation, considering that 38,799 BTC were transferred from exchanges to unknown wallets. However, the largest amount of BTC was mobilized between unknown wallets, exactly 48.52% of the weekly total.
Summary of Bitcoin whale activity
According to Whale Alert reports, the day with the most activity for Bitcoin whales was Tuesday, November 10, 2020. On this day, 58,991 BTC were mobilized, of which 12,986 BTC were accumulated. Likewise, the entry of 8,099 BTC to different exchanges was recorded.
Also, it should be noted that the selling trend has decreased considerably compared to the first days in which Bitcoin began to exceed US $ 13,000.
Analyzing the price of BTC
At the time of writing this post, Bitcoin is worth $ 15,843.62, according to CoinDesk, which is a 1.91% drop from yesterday. We should note that the price of Bitcoin quickly fell below $ 16,000 on Saturday morning, pausing the rapid rally seen in recent weeks.
Analysts suggest that the race to BTC’s record of around $ 20,000 would accelerate again, likely in December. The Bitcoin options market is also extremely optimistic for the long term, as data on Thursday showed that net demand for call options (bullish bets) outpaced net demand for put options (bearish bets) at the highest level. registered.
Finally, the flow of Bitcoin whale activity shows that the day with the least activity was November 11 and that the week is closing with the lowest flow of transfers with BTC.