Against the backdrop of an incredible growth rate of Bitcoin, which today has already risen to $ 7,500, in the crypto community continue to record cases of movement of the so-called “whales” of their BTC funds.
Today, representatives of the Whale Alert in their Twitter blog reported on several major movements of BTC-funds. Initially, it became known about moving $ 6,105 (approximately $ 45 million) from one unknown purse to another. A little later, the same Bitcoin kit transferred 4,000 BTC (over $ 30 million) to the Bitfinex crypto exchange. After that, the BTC funds were transferred from Bitfinex to two unknown addresses: the amount of the first transaction was 2.983 BTC (approximately $ 21 million), the second one – 800 BTC (over $ 5 million).
Despite the fact that the Bitcoin blockchain allows you to track the amount of funds transferred and the addresses of senders / recipients, the purpose of such transactions, as a rule, remains unclear. The Network assumes that the aforementioned BTC transactions were initiated by one of the major traders, who probably decided to fix the “catch” from the impressive growth of the BTC rate to $ 7,500.
There are suggestions that such manipulations can put significant pressure on the price even if a crypto company is behind the movement of a large amount of funds, redirecting assets between their own accounts. Fears in the crypto community usually arise from the fact that there is a possibility that a large amount of funds may be sold on a trading platform, provoking a collapse in the market.
