🔥 Latest Bitcoin whale alerts! 🔥
🐋 **Significant movements in the last hour:**
- 🚨 **3,200 BTC** (303M USD) transferred between unknown wallets.
- 🚨 **616 BTC** (58.4M USD) leaving #BitGet to a private wallet.
- 🚨 **1,347 BTC** (127.9M USD) moved to a new unknown wallet.
📈 **Whales don't rest!** Accumulation or strategic movements? The market could react soon. 💎
Bitcoin
📊 What do these movements mean?
Large Bitcoin transfers can indicate different intentions:
1️⃣ Transfers to exchanges: Possible sale, which generates selling pressure and can lower the price.
2️⃣ Transfers from exchanges: Signal of long-term accumulation (HODL), seen as a bullish move.
3️⃣ Movements between unknown wallets: Could be for security, diversification, or preparation for future trades.
Yes, the movements of whales and their impact:
Rise (Bullish): Transfers from exchanges to private wallets indicate accumulation (HODL), reducing supply and favoring a price increase if demand remains.
Fall (Bearish): Transfers to exchanges suggest intent to sell, increasing supply and generating selling pressure that could lower the price. 📉📈
The chart shows the points where whales come into play and the resistances and supports.