Pi Network - auto mobile mining: Join now and be one of the pioneers!!

Blog

One major player in the Bitcoin market has just moved 1,537 BTC ($12.2M) from Coinbase to an external wallet. Many are calling it an obvious sign of accumulation.

Many traders have been calling this chopping price range for Bitcoin as a time for ‘accumulation.’ Now, it seems as though some whales in the cryptocurrency industry seem to have a similar idea in mind.

Whale Alert (@whale_alert) has just notified the community of a major transfer from Coinbase to an unknown wallet. In total, 1,537 BTC was moved (worth over $12.2M) to an external wallet — presumably to HODL.

Whale Bitcoin BTC

Whale Bitcoin BTC

Bitcoin Whale Accumulation?

As of now, the recipient address only holds the transferred amount of BTC.

However, the address has been quite active in the past and has, in total, some 95,767 BTC has passed through it.

As some users responded, this seems to be an indication that we are in a serious period of accumulation.

A Big Move May Be Coming Soon

Every time we see major amounts of BTC be moved from an exchange to an external wallet, there’s room to be optimistic. This instance is one of many which has been happening in the background for weeks now.

Recently, BeInCrypto reported that one user moved 1,000 BTC ($8M) to an external wallet to HODL. Last week, another major player moved another 650 BTC ($5.3M) from Coinbase to an external wallet as well.

The uptick in high-value transfers seems to indicate that major players in the market are accumulating bitcoins. Given that these entities have considerable sway in the market, we should not take their transfers lightly — whales may be capitalizing on this choppy market by accumulating.

Do you believe Bitcoin (BTC) is due for a major move in the near future? Are Bitcoin whales accumulating? Let us know your thoughts below in the comments. 


Images courtesy of Twitter.

No Comments

Be the first to start a conversation

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Categories

Pi Network - auto mobile mining

Become one of the pioneers!!

Random Posts

DOWNLOAD MY EBOOK FOR FREE

"Your Headline Here How I Made $4947 In 1 Month"

Lorem pretium lorem orci elit nunc imperdiet nec vel sit pretium hendrerit amet nec orci gravida gravida sapien purus massa

Quick Bio About Me

mypicmeLorem proin accumsan accumsan volutpat ut nullam odio eleifend libero quisque ipsum gravida eleifend dolor nunc sagittis venenatis orci eleifend lorem quisque venenatis non sagittis sagittis ipsum nunc.

lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris ornare congue lacinia auctor lorem quis quis lacus eleifend pretium eros sed consectetur venenatis praesent sapien consectetur dolor nullam laoreet orci mauris

Resources

  • Resource 1

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

  • Resource 2

    Lorem sed praesent quisque auctor libero eros lorem nec praesent accumsan ornare venenatis nullam.

Random Blog Posts

© 2022 Cryptoracle.info - Crypto News