How have crypto whales started this 2020?
Bitcoin: whales mobilize it and change in exchanges
At the moment the only movements perceived total a total of 2010 BTC, divided into two transfers: one by 1250 BTC and another by 760 BTC. In turn, this amounts to an amount of US $ 13,949,400 at the time of writing this publication. The platforms used were Bitstamp and Binance.
The reason behind these movements may have to do with the loss of 3.82% of the price of Bitcoin in less than 24 hours. The crypto whales, meanwhile, what they seek is to preserve the value of their investments.
However, these quantities and movements are not as large or constant. From this we can deduce that perhaps the strategy that is being chosen at the moment is to wait and see the development of the market.
Thus, crypto whales can define their course of action and perhaps a manipulation strategy that allows them to overcome this decrease in the price of Bitcoin.
Although it presented a static trend a few days ago, and some analysts remained optimistic, the predictions that Bitcoin would be closer and closer to US $ 6000 in the short term are the most accurate at this time.
Have altcoins been mobilized?
Yes, only one type: XTZ. Specifically, Whale Alert reported a movement for 1,058,932 XTZ (US $ 1,402,111) transferred from Binance to an unknown wallet. For now, crypto whales seem to be cautious, this movement being the only one registered in 2020 with apparent intention of accumulation.
What conclusion can we draw from these facts about crypto whales?
The price of Bitcoin at the moment has a downward trend, with possible expectations of recovering in the medium term. What we may observe in the coming days if the trend continues is the purchase and sale of altcoins in greater quantity.
Many who fervently believe in Bitcoin can take advantage of this moment to acquire it at low prices, if the supply manages to meet that demand.
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