Whales on the move: $424M in Bitcoin transferred—will this trigger the next big market shift?
🚨 Whale Alert: $424M Bitcoin Transferred in Three Major Moves! 🚨
In just 24 hours, Whale Alert has tracked a massive $424 million in Bitcoin (BTC) moved across three significant transactions:
🔹 1,875 BTC ($68.8M) transferred from Kraken to Bitfinex
The exact reason behind these transfers is still unclear, with possibilities ranging from whales preparing for market changes to OTC trades.
🌍 Bitcoin Price Update: BTC is currently trading below $100K at $96,082, reflecting a 1.97% drop in the last 24 hours. After briefly surpassing $100K earlier this week, the price rally has cooled amid changing market conditions. Experts, including CryptoQuant’s Julio Moreno, point out that Bitcoin’s demand has slowed since December, resulting in more volatile price movements.
🔮 What’s Next for Bitcoin?
With diminishing speculative demand and cooling market rallies, will Bitcoin push past its all-time high or remain stagnant? Keep an eye on the market!
