Whales carry a lot of influence in the cryptocurrency world. Flooding their assets could cause a temporary crash in the market. It may not be very useful in terms of cash for the whale but it still can still make things go a tad more crazy in the crypto-sphere.
Just in from Whale alert, a twitter profile dedicated to detection of crypto whales, 3,000 Bitcoins have been moved from an unknown wallet to Bitfinex.
The 3,000 BTC make around $10.9 million at press time.
? 3,000 #BTC (10,956,130 USD) transferred from Unknown wallet to #Bitfinex
— Whale Alert (@whale_alert) January 18, 2019
This episode is the second in line to this whale’s movement. On 16th January, a similar transaction of 3,000 BTC was made from the same unknown wallet to Bitfinex.
? 3,000 #BTC (10,950,505 USD) transferred from Unknown wallet to #Bitfinex
— Whale Alert (@whale_alert) January 16, 2019
Giving off a strong ‘DUMP’ vibe, this whale movement will definitely have an impact on the investor strategy. Bitcoin has had an unremarkable day today, maintaining the recently gained $3,600 mark.
Similarly, the sentiment chart for Bitcoin remained in the negative, projecting investor mood to some extent.
Will this whale add up to the reds of the Bitcoin graphs? It seems that we’ll have to wait and see.
Photo by Steve Halama on Unsplash
