Bitcoin Whales Move 42,616 BTC As Leading Crypto Tests $5,000 – BTC, Ethereum, XRP, Litecoin Forecast

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Crypto whale watchers are tracking a pair of huge Bitcoin transactions that moved a total of 20,378 BTC worth about $102.5 million.

Both transactions happened between unknown wallets and do not appear to be traders gearing up to sell.

• 9,939 BTC worth $50.0 million transferred from unknown wallet to unknown wallet

• 10,439 BTC worth $52.5 million transferred from unknown wallet to unknown wallet

The movements are part of a larger Bitcoin whale migration happening as the markets move into the red.

In the last 24 hours, whales moved a total of 42,616 BTC worth about $215 million, at time of writing. The vast majority of the BTC was moved off of crypto exchanges to unknown wallets, or from one crypto exchange to another.

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• 540 BTC worth $2.7 million transferred from Poloniex to unknown wallet

• 500 BTC worth $2.5 million transferred from Bittrex to unknown wallet

• 891 BTC worth $4.5 million transferred from Huobi to unknown wallet

• 500 BTC worth $2.5 million transferred from unknown wallet to Binance

• 500 BTC worth $2.5 million  transferred from unknown wallet to Binance

• 500 BTC worth $2.5 million transferred from unknown wallet to Binance

• 584 BTC worth $2.9 million transferred from unknown wallet to Bittrex

• 685 BTC worth $3.4 million transferred from Binance to unknown wallet

• 717 BTC worth $3.6 million transferred from Huobi to unknown wallet

• 854 BTC worth $4.2 million transferred from Huobi to unknown wallet

• 900 BTC worth $4.5 million transferred from Huobi to unknown wallet

• 2,942 BTC worth $15.4 million transferred from bitFlyer to Coincheck

• 2,929 BTC worth $15.2 million transferred from unknown wallet to bitFlyer

• 595 BTC worth $3.0 million transferred from Korbit to unknown wallet

• 650 BTC worth $3.3 million transferred from Bitfinex to unknown wallet

• 902 BTC worth $4.7 million transferred from Huobi to Kraken

• 483 BTC worth $2.5 million transferred from Huobi to Kraken

• 1,000 BTC worth $5.2 million transferred from Poloniex to Binance

• 500 BTC worth $2.6 million transferred from Coinbase to unknown wallet

• 944 BTC worth $4.9 million transferred from OKEx to unknown wallet

• 479 BTC worth $2.5 million transferred from Kraken to unknown wallet

• 503 BTC worth $2.6 million transferred from Huobi to unknown wallet

• 500 BTC worth $2.6 million transferred from Bittrex to Coinbase

• 1,141 BTC worth $6.0 million transferred from Kraken to unknown wallet

• 1,000 BTC worth $5.2 million transferred from Bittrex to unknown wallet

• 500 BTC worth $2.6 million transferred from Bittrex to unknown wallet

Right now, the crypto market is a sea of red. Bitcoin is down 4.86% at $5,036. Ethereum is down 8.61% at $164.77, and XRP is down 8.13% at $0.3285.

Technical analysts say the market downturn is putting projections of a near-term BTC price rise to $5,800 on ice. According to CoinDesk analyst Daniel Paomer, the drop may have “thrown a spanner into a bullish market setup that had looked likely to propel prices to highs not seen since late last year.”

Bitcoin

CoinDesk – Bitcoin drops back to $5K price support after failed breakout

FXStreet – BTC/USD comes down tumbling after the rejection at $5,400

Blockonomi – Corrective decrease but bulls in control

Ethereum

Crypto Briefing – ETH/USD has seen a correction, but it still has strong support

FXStreet – ETH/USD critical trend line must hold or face $100 again

XRP

FXStreet – XRP/USD heading back for $0.3000

CryptoPotato – XRP plummets following bitcoin’s sentiment

Litecoin

NewsBTC – Cool off, Litecoin may drop to $60 before rallying to $110

FXStreet – Litecoin bulls appear to have found bearing at $77.00

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