Crypto Whales Explode: $596 Million in Bitcoin on the Move – BTC, XRP, Ethereum, Litecoin, Stellar, Tron Forecasts

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Bitcoin whales are moving massive amounts of BTC in the volatile crypto market. As Bitcoin shot above $7,400 and then back down to around $6,900, whales moved a staggering 86,140 BTC worth about $596 million.

Out of the 20 biggest transactions in the last 24 hours, only two involved a transfer of crypto from an unknown wallet to a crypto exchange.

Instead, most whales moved their assets off of crypto exchanges or from one unknown wallet to another. The movements indicate that overall, traders with large amounts of Bitcoin continue to hold on and are not looking to sell.

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The single biggest whale to surface moved 47,000 BTC worth $343 million between unknown wallets.

Here’s an overview on all of the biggest Bitcoin whale movements in the past day.

Right now, Bitcoin is down 0.44% at $6,926 according to Coin360. Ethereum is down 2.81% at $185.68, and XRP is down 4.12% at $0.3100.

Technical analysts are watching Bitcoin’s support around $7,000 as altcoins react to BTC’s big moves over the last couple of days.

Bitcoin

CoinDesk – Bitcoin retreat suggests crypto market considered the asset overbought

AMBCrypto – BTC volume spikes on reputable crypto exchanges

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Ethereum and Tron

NewsBTC – Major bullish trend line in place for Ethereum, with support near $178

AMBCrypto – Tron mildly bullish as ETH breaks major resistance points

XRP and Stellar

CoinGape – XRP has the potential to hit $1.00 by the end of 2019

Captain Altcoin – Potential trend reversal for XLM in its nascent phase

Litecoin

AMBCrypto – Technical gauge points towards bullish price pattern for LTC

Cointelegraph – Litecoin looking for breakout and close above $91

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The post Crypto Whales Explode: $596 Million in Bitcoin on the Move – BTC, XRP, Ethereum, Litecoin, Stellar, Tron Forecasts appeared first on The Daily Hodl.