US leader Crypto Exchange Coinbase has just suffered from a huge influx of bitcoins totaling more than 130 million dollars, which caused fresh speculations about the possible activity of whales and market shifts. The movement was marked by the Whale Alert blockchain monitoring platform, which tracked two consecutive BTC programs on April 17.
According to data, a total of 1546 BTC was sent to Coinbase in less than an hour. The transactions came from the same mysterious wallet “3PFMV9CibQX3”, which suggests that both movements are the only essence.
The first translation included 746 BTC, estimated at about 63.1 million dollars. USA. The second, only a few minutes later, participated 800 BTC, worth about 67.7 million dollars.
This wallet has a history of large -scale bitcoins in exchanges, and its last activity led to the discussion of the potential strategies of the whale.
Whales make chess?
Transaction time is especially remarkable, given the current market conditions. While the trading volume of bitcoins has fallen by 20.01% over the past 24 hours, its price is modestly rising, now it is at the level of $ 85,337, which is 1.07%, according to CoinmarketCap.
Such types of large transfers in exchange often serve as indicators: impending sales, institutional reposition or liquidity playing ahead of the main prices for the price
Some in the crypto community suggest that this can signal the whale mood shift, potentially with respect to the short-term profit against the background of recent market uncertainty. As one user commented: “This is often a game of liquidity to the main movements.”
Despite the continued volatility in a wider cryptocurrency space, Bitcoin demonstrated a significant stability of prices at the level of 85 thousand dollars. Analysts are still divided into whether this Chita signals recovery or calculated tuning for future profits.
Veteran Trader Peter Brandt recently compared the price effect of Bitcoin with “small boxes on the hill slope”, which offers consolidation, which can precede a breakthrough.
Regardless of whether this mass tributary of Coinbase notes the beginning of a market sale or strategic asset, one thing is clear – what is moving and the market pays attention.
