Bitcoin, Ethereum And Altcoins See Whopping $749M Transfer — What's Next?
Portfolio Pulse from Bibhu Pattnaik
High-profile cryptocurrency investors, known as 'whales', have recently transferred a total of $749 million in Bitcoin, Ethereum, and Shiba Inu. A significant portion of these transfers was directed to the US-based crypto exchange, Coinbase. The Whale Alert data shows that $511 million in Bitcoin and $238 million in Ethereum, Shiba Inu, and XRP were moved.
October 15, 2023 | 3:06 pm
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Bitcoin saw a significant transfer of $511 million, with a portion directed to Coinbase.
The large transfer of Bitcoin could indicate a potential sell-off or purchase by the 'whales'. However, without further information, it's difficult to predict the exact impact on Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Ethereum was part of the $238 million transfer in altcoins.
The large transfer of Ethereum could suggest a potential sell-off or purchase by the 'whales'. However, without further information, it's difficult to predict the exact impact on Ethereum's price.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75