Powerful investors, often referred to as whales, with a large amount of Bitcoin (BTC) assets have transferred the pioneering cryptocurrency from one point to another. According to the latest data released by Bitcoin Block Bot, a blockchain tracking bot, a wallet recently transferred 3,390 BTC at a cost of $108 million in block 691,537.
Million dollar transfer from Bitcoin whale
In the morning today, a whale mobilized $108 million worth of Bitcoin. Given the timing of this wallet move, this activity is most likely in contact with an institutional investor, according to some experts.
The leading crypto asset remains supported at the $31,500 price level. In addition, according to experts, the air of concern surrounding the cryptocurrency market and the failure of BTC to close the day above $ 32,000 indicate that the leading cryptocurrency may see a dive into the region of $ 29, 000 to $ 24,000. Cryptocoin. com
As we reported , Grayscale Investments unlocked the bulk of 16,000 Bitcoins of Grayscale Bitcoin Trust (GBTC) shares on July 18, after a six-month lockdown, while the route of the world’s most recognizable cryptocurrency is trending downward towards the next trend. risks persist.
BTC price trades in tight range
Downside risks remain for the world’s most recognizable cryptocurrency, as Grayscale Investments unveils the bulk of Grayscale Bitcoin Trust (GBTC) shares worth 16,000 Bitcoin on July 18, following a six-month lockdown period. Recent price movements point to a retest of technical resistance at mid-$32k-33k, revealing that BTC bulls are holding on to the $31,500 price level.
Bitcoin and Ethereum whales were also in action yesterday. Anonymous whales transferred 800,000 ETH from wallet to wallet, while BTC whales sent 13,003 BTC to Coinbase, one of the largest cryptocurrency exchanges. The largest cryptocurrency by market value is changing hands at $31,721 at the time of writing and has risen 1.3 percent in the last 24 hours.