Whale Watching: Bitcoin price surge sees $425m in BTC whale moves

28 Jun, 2019
Analysis
Whale Watching: Bitcoin price surge sees $425m in BTC whale moves

This week in whale watching we look at the top five whale moves from June 21 - 28, and no surprise as Bitcoin dominates the entire top five following the recent price surge. 

Bitcoin took the top five spots this week in whale watch thanks to some aggressive price movements that saw Bitcoin climb 20% in one day before dropping 20% the next. 

Bitcoin whales took advantage of the price surge to move large transactions across the blockchain, so no surprise this week no other coins made the top five. 

Bitcoin continues to push new yearly highs and the increase in price has most definitely woken up Bitcoin whales who are either buying more or selling off earlier buys from this year.

TOP 5 LARGEST WHALE MOVEMENTS

This week saw $425.8 million in Bitcoin being moved, totalling over 39,000 Bitcoin. The entire top five transactions moved for a total fee of $179.15. The transaction cost still remains expensive compared to other cryptocurrencies, with a special mention to Binance, who recently moved $1.2 Billin in Binance Coin between cold wallets, for a total cost  of $0.015 USD in fees. 

However, we do not include exchange related whale transfers between cold wallets. 

5. 6,361 #BTC (64,302,257 USD) transferred from unknown wallet to unknown wallet - 21 June

Tx Cost: $39.98

4. 5,867 #BTC (64,568,837 USD) transferred from unknown wallet to unknown wallet - 27 June

Tx Cost: $0.26

3. 6,450 #BTC (69,701,236 USD) transferred from unknown wallet to unknown wallet - 22 June 

Tx Cost: $6.11

2. 8,884 #BTC (101,530,111 USD) transferred from unknown wallet to #Poloniex - 25 June 

Tx Cost: $123.86

 

1.11,618 #BTC (125,717,456 USD) transferred from #Bitfinex to unknown wallet -22 June 

Tx Cost: $8.94

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Bitcoin to $20K FAST, but only if THIS happens! $10K CROSSROAD Subscribe to the Chepicap YouTube Channel for more videos!

Read more about: Bitcoin (BTC)

Poll

Do you think whales were more active this week due to the BTC price move?

(80 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage