Bitcoin Price and Ethereum Prediction: Whales Move $743 Million in Crypto - Here's What You Need to Know
The cryptocurrency market has been on a roller coaster ride in the past few weeks, with Bitcoin and Ethereum prices fluctuating wildly. As the market continues to be unpredictable, it is important to stay informed of the latest developments in order to make informed decisions.
Recently, whales have moved an estimated $743 million in crypto, which could indicate a potential price surge or crash. In this article, we will discuss what you need to know about this development and how it could affect Bitcoin and Ethereum prices in the future.
Bitcoin recently hit an all-time high of $23,000 and has been the talk of the crypto world. Attention is also being paid to three large BTC and ETH whales that are turning heads in the crypto trading community. In what can be considered an astonishing event, the whales moved a whopping $743 million in crypto through 3 transactions combined.
On Friday, a large investor in the cryptocurrency space, known as a Bitcoin whale, transferred 13369 BTC worth $311 million from an unknown wallet to another. A crypto transaction was traced to one of the top 65 Bitcoin wallets according to BitInfoCharts. The wallet was used for both sending and receiving funds.
On Saturday, a large sum of Ethereum worth $309 million was moved by a so-called whale from one unknown wallet to another. The amount transferred was 186,009 ETH.
At a later time, Whale Alert detected another large Bitcoin transaction worth $123 million which originated from Gate.io and was transferred to an unidentified wallet. The amount sent was 5,278 BTC tokens.
Someone recently shifted funds to a cold wallet in order to make a purchase, or they may have done it as an extra security measure. Moving money from an exchange to a cold wallet is
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