One of the richest Bitcoin holders, or so-called "whale," has just completed a massive transfer of cryptocurrencies within the network. Is this a good or bad sign? BTC whale transfers funds It's not uncommon for investors to seek guidance on what to do - buy or sell BTC - by analyzing the movements of the biggest players, or whales. Now they are wondering why a mysterious whale has completely emptied its Bitcoin wallet, sending the funds to another, anonymous address. A keen observer of the cryptocurrency market and blockchain movements, Whale Alert, spotted a single transaction worth as much as 14,922 BTC, or about $143.96 million. A transfer of such a large amount cost 0.00003138 BTC - which is about $0.30. He wrote about it in his new tweet: According to BitInfoCharts, the wallet steadily accumulated BTC over the course of one month. You can see it here. On April 5, it was the 58th "richest" address on the Bitcoin network, worth more than 12,380 BTC, or $85.08 million. By May 13, the wallet had jumped 10 spots to rank as the 48th richest address on Bitcoin's blockchain and storing more than 15,470 BTC, which was then worth $138.15 million. It is unclear why he suddenly sent the funds to another address. New data shows that whales on Bitcoin's network are steadily accumulating digital currencies As we mentioned, smaller investors are interested in what their "big" counterparts are doing. According to Glassnode, the number of addresses on the Bitcoin blockchain holding at least 1,000 BTC briefly dropped after the big crash in mid-March, but quickly returned to higher levels as the market recovered. In general, it has long been noted that "whales" are accumulating BTC. Could it be that they are preparing for another cryptocurrency bubble? It is realistic, however, remember that it does not have to mean that at all... You can always check the current exchange rate of bitcoin and other cryptocurrencies in the tabs: bitcoin exchange rate and cryptocurrency exchange rate at bitcoin.pl. Places where you can buy Bitcoin and other cryptocurrencies include BitBay.net cryptocurrency exchange. If you don't have an account on BitBay yet, this article will show you how you can create one efficiently: LINK. Tags bitcoin bitcoin exchange rate whales
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