Cryptocurrency
Unknown Bitcoin whale moves $1.3 billion in minutes
An unknown BTC trader transferred over 132,255 BTC estimated to be roughly worth about $1.3 billion in three transactions just one minute apart.
Bitcoin whales definitely have an agenda under their sleeves based on recent events unfolding in the BTC market.
According to data obtained from blockchain, an unknown BTC trader transferred over 132,255 BTC estimated to be roughly worth about $1.3 billion in three transactions just one minute apart on June 11.
READ ALSO: Ethereum Whales cumulative holdings touch 10-months high, ETH passes $221
The cryptocurrency was moved in block 643,133.
The BTC transactions came as the price of Bitcoin was still trading under a key resistance level, $10,000.
What you need to know about a bitcoin whale; A bitcoin whale is used to refer to individuals, or institutions, that hold large amounts of the coins. According to data obtained from Coinmarketcap, bitcoin is presently trading at $9,857 with a market capitalization of $181.3 billion, at the time this report was drafted.
READ ALSO: About 33% of pension funds, hedge funds now own digital assets such as Bitcoin
Meanwhile, Bitcoin’s price continues to trade below the $10,000 mark, but the crypto asset remains in a bullish trend as investors have been buying into it each time it drops below $9,500. According to Lookintobitoin creator, Philip Swift:
“The recent confluence of the 200 days moving average and the 128 days MA creates an area of important support for the price. During the 2016/17 bull market, the 128 MA frequently acted as the key support for the price. Again, two weeks ago, price bounced right off it and ran back towards the $10,000 area.”
READ MORE: Meet ZCash, the cryptocurrency that protects your privacy better than Bitcoin
Some crypto traders, investors are still waiting on the sidelines to see how this situation unfolds. While it is difficult to predict market movements, Bitcoin whales have always shown historically that they often determine Bitcoin’s trend.
Cryptocurrency
2,257 investors globally own at least 1,000 Bitcoins
The number of addresses holding 1k+ coins just reached an ATH of 2,257.
It’s no longer news that most Bitcoin wallets are now in profit. What seems to be trending now, is the number of investors owning at least 1,000 BTC – hitting a record high, as data retrieved from Glassnode, a crypto analytic firm, revealed Bitcoin Number of Addresses Holding 1k+ coins just reached an ATH of 2,257.
READ: $66.5 billion worth of Bitcoin lost forever
- Previous ATH of 2,256 was observed earlier today.
- Metric Description: The number of unique addresses holding at least 1k coins.
- At the time of drafting this report, Bitcoin traded at $18,456.68 with a daily trading volume of $32,979,859,228.
- BTC price is up 0.0% in the last 24 hours.
- It has a circulating supply of 19 Million coins and a max supply of 21 Million coins.
READ: Why Warren Buffett is making less money now
Whales could be anticipating a strong medium to long-term Bitcoin price trend, and are choosing to hold on to BTC in expectation of a bull market.
Much of the recent increase can be attributed to wealthy entities withdrawing their BTC from the exchange. Apparently, this is not new wealth – rather, it represents a change in the way Bitcoin whales are choosing to hold their coins.
From a macro level, this increase in the number of BTC whales can be considered bullish.
READ: Bitcoin whale transfers $105 million worth of crypto, BTC trading at $15,800
Bottom Line
Nairametrics believes the increased buying pressures by such investors are partly responsible for the non-dilutable crypto recent highs.
Billionaire Watch
Billionaires that can triple the value of Bitcoin
Michael Saylor has disclosed billionaires who could turn the price of Bitcoin up, at least three folds.
The Founder and Chief Executive officer of the popularly traded business intelligence firm, Michael Saylor, recently disclosed billionaires, who could turn the price of Bitcoin up at least three folds. His bias was based on the aurora these billionaires bring notably in the global financial world.
In his most recent Youtube interview, he started his narrative by explaining deeply the effect such billionaires would have on the flagship crypto market,
READ: Germany’s biggest bank says more people now prefer Bitcoin over gold
“It’s important that 100 million people embrace Bitcoin but there are 10 people that can triple the price of Bitcoin. This is not like Facebook, nobody ever brought a billion friends to Facebook. This is like when a person with $10 billion decides that they want to adopt this network and they put $2 or $3 billion on the network, that’s going to be more monetary energy that flowed into the network than the first 10 million people put into the network. It’s ten million to one gain.”
He went on by revealing the names of such billionaires, amid their stronghold seen on global finance.
READ: Most profitable asset in a decade, Bitcoin up over 26,600,000%
“Here’s the other thing. When a person with $10 billion puts $10 billion on the network, they’ve got a friend with $10 billion. Warren Buffett (Berkshire Hathaway CEO) plays bridge with Bill Gates (Microsoft founder) and then they talk with Mark Zuckerberg (Facebook CEO and founder).
“So when this hits that social network, it’s like a billion to two billion to four billion to eight billion and those four decisions, those four blocks have more impact on the network than the first 10 million blocks.”
READ: Crypto; Tron’s founder offers $1 million bounty in finding BTC Twitter hackers
What you should know
Sequel to these macro, Nairametrics some days ago revealed key insights coming from DeVere Group discovering that 73% of poll participants (millionaires) are now already invested or are preparing to invest in digital assets, such as Ethereum, Bitcoin, and XRP, before the end of 2022, showing a significant amount of interest by the world’s top earners.
READ: Apple market capitalization nears $2 trillion, as Apple’s CEO becomes a billionaire
- The findings come as the price of Bitcoin rallied close to $18,000, almost close to the $19,763 all-time record reached in December 2017.
- Most of the high net worth individuals polled by the financial firm got triggered into planning to buy cryptos by the latest institutional buying.
- Those classified as millionaires in the study include ‘High Net Worth’ having more than £1m (or equivalent) in investable assets.
Cryptocurrency
Two cryptos you should consider investing in
Two cryptos are presently catching the eyes of top experts as seen by Van de Poppe who is advising his 85,000 followers on Twitter.
In the era where the buying pressure seen lately has grown at an alarming rate in the crypto-verse, some unknown cryptos are presently showing good potentials.
Two cryptos are presently catching the eyes of top experts as seen by Van de Poppe who has advised his 85,000 followers on Twitter to consider Ocean Protocol (OCEAN), which is designed to allow businesses to sell their data and buy data in a secure and safe marketplace.
READ: How Crypto can curb Nigeria’s high unemployment rate
What you should know: According to the crypto expert, traders can wait for OCEAN to decline over 37% against Bitcoin (BTC) before making a buy.
“I did discuss that 3,900 (satoshis) level is a very important level to break. Lower highs, lower lows. Looking at support levels at 2,500 and 1,900 (satoshis) for massive entries. Everything retraces fully.”
READ: Top U.S regulator says more crypto banks coming
Blurry chart, but it's from a few weeks back, on the livestream.
Did discuss that 3900 level is a very important level to break. Failed.
Lower highs, lower lows.
Looking at support at 2500 and 1900 for massive entries.
Everything retraces fully. pic.twitter.com/ZTAtNC50Sd
— Michaël van de Poppe (@CryptoMichNL) November 21, 2020
READ: KuCoin recovers 84% of Cryptos stolen by hackers
The highly revered crypto expert also disclosed Tomochain (TOMO), a platform that helps to improve the scalability issues limiting many blockchains. The crypto expert says TOMO is offering a great opportunity against BTC as it trades close to historical support of 0.000034.
“Most likely we’re going to find the resistance around $0.80 so we’re getting close. Most likely, we’re going to get something like this: either we’re going to $0.48 again or $0.59. These two levels I’ll be looking for accumulation for a swing trade…
READ: U.S customers can now buy Cryptos with Paypal
Target zones if we get the new rally up and the new impulse wave, quite clear about a buck ($1.00), about $1.60, and you can use the Fibonacci 1618 extension tool through which you can determine targets at $2.50.”
Ripple, Litecoin, Tomochain, When To Buy Altcoins?
Full analysis on these three and $BTC here:https://t.co/EqCb0NSgvr
Enjoy and subscribe!$TOMO, $LTC, $XRP
— Michaël van de Poppe (@CryptoMichNL) November 20, 2020
Disclaimer: Nairametrics would like to remind you that the data contained in this website is not necessarily real-time.
READ: Over $20 billion pumped into crypto market by big investors
(Crypto, stocks, indexes,) and Forex prices are not provided in real time and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.
Therefore, Nairametrics doesn’t bear any responsibility for any trading loss you might incur as a result of using this data.
Explore Data on the Nairametrics Research Website
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Blossom
June 12, 2020 at 11:27 am
How do I start this investment? Am interested tanks