Crypto whales dedicate their day exclusively to moving USDT and Bitcoin
At this time, the activity of crypto whales with respect to Bitcoin maintains a clear trend towards accumulation. Absolutely all the movements made today have been from exchanges to unknown wallets.
Specifically, Whale Alert reported five transactions through Coinbase and Binance. The total of these movements is 4769 BTC, which at the time of writing this publication amounts to USD 41,574,758.99.
This trend can be influenced by the changes that the market has had lately. If we look at the weekly Bitcoin chart, we will see that its performance has been changing as markedly as possible since yesterday.
However, the variation in the last 24 hours has been less than 1%, which keeps some crypto whales in expectation of the following that may occur. This accumulation can have a side effect and that is that whales, when they take their BTC out of the market, can influence rising prices as long as the demand for this cryptocurrency remains constant.
Crypto whales change their USDT
In parallel to what happens with regard to the accumulation of Bitcoin, we have a second event also relevant. This is that almost all USDT reported transactions were aimed at making changes in exchanges. That is, crypto whales took their USDT to Bitfinex for what can be assumed as a process of changing to dollars.
For example, today four transactions with USDT have been from unknown wallets to Bitfinex. The total is 32,790,460 USDT, the equivalent of which is 32,864,930 USD. With this, perhaps some whales have decided to buy other currencies such as Bitcoin for their accumulation or simply keep them in dollars to perform any operation they have in mind.
This is the highlight of crypto whales today. However, we always recommend keeping an eye on Whale Alert reports, a site that today also announced the start of monitoring another cryptocurrency. This is Huobi's stablecoin, HUSD.
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