Whales in the cryptocurrency market are causing strong movements in their value<strong>. </strong>Hence the importance of being aware of the transactions made by Bitcoin whales in the last hours.
The sharp fall in the price of Bitcoin keeps the holders in uncertainty, pending any news; and without a doubt, the movements made by the whales must be taken into account to have a notion about the expectation of the largest cryptocurrency market.
<h4><strong>Here are the most important movements made by whales during the past 24 hours and their relationship with what happened last week:</strong></h4>
<h4><strong>1. Increased hope for momentary recovery</strong></h4>
After the steep fall on September 24; The market is waiting for a momentary recovery of the price, as a natural cause of correction, after the breakdown of the surrounding area at 9500 dollars. It is also evidenced by the transactions made by Bitcoin whales, data that is publicly available and easily accessible on the <a href="https://whale-alert.io/" rel="noreferrer noopener">Whale-Alert</a> portal.
During the last 24 hours movements have been made within normal ranges<strong>,</strong> with a single significant movement. We have been alerted to movements of between 600-1000 Bitcoin, and 5-10 million USD; high figures that are due to the situation of fall in which we are still immersed, but not at all close to those experienced during the past week.
<h4><strong>2. Cryptocurrency whales waiting for new sales</strong></h4>
Despite there being a small volume of BTC whale movements during the last hours, there is a high probability that they are waiting for a small price recovery to make strong sales; because the most likely medium-term scenario is totally bearish.
<h4><strong>3. Movement made by Bitcoin whale in the amount of 5957 BTC</strong></h4>
The only relevant movement that came out of the normal ranges during the last 24 hours, was the one that we will detail below; a movement of 5957 BTC, with a dollar value of more than 49 million.
It was done about 20 hours ago; which may be indicating the continuation of fear after the abrupt fall experienced during the past week.
Although Bitcoin shows signs of a possible setback, the downward trend is still alive, so a further lower momentum can occur without first realizing the expected break from Bitcoin; Therefore the existence of<a href="https://www.cryptoknowmics.com/crypto/"> fear in the market</a>.

Bitcoin Whales Make Movements In Anticipation Of Bullish Run

I am olowoporoku adeniyi, writer, editor and crypto evangelist, with five years experience in the Blockchain industry.

Bitcoin Whales Make Movements In Anticipation Of Bullish Run

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