75,615 Bitcoins Wired by Anonymous Wallets as BTC Dives Below $50,000

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Yuri molchan

According to recent data from a major DLT tracker, anonymous whales have traded nearly $ 4 billion in Bitcoin while the crypto king dipped below the $ 50,000 level.

Primary encryption tracking platform Whale alert has shared a series of back-to-back tweets showing that anonymous crypto wallets have transferred a mind-boggling $ 3.9 billion worth of Bitcoin in just a couple of hours.

Meanwhile, the flagship cryptocurrency Bitcoin has not held above the $ 51,000 level and is already down more than 5%.

Whale exchange 75,615 BTC

Over the past 18 hours, Whale Alert has detected six massive consecutive crypto transactions, transferred between anonymous digital wallets.

Three transfers of 15,047 BTC and three with 10,158 Bitcoins were made between wallets labeled “unknown”.

The equivalent of the total amount of BTC displaced here is $ 3.917 billion in fiat money. Each transaction costs just $ 0.70, a transaction fee that no bank in the world would offer.

Image via Twitter

Bitcoin falls below $ 50,000

After the flagship digital currency managed to get close to the $ 52,000 price line on Dec 27, today it is down 5.47% to the $ 49,034 level (although, according to CoinMarketCap, BTC has also briefly traded at roughly $ 48,200. ).

Experts believe that the sudden drop in the price of Bitcoin was caused by multiple sell-offs in the Bitcoin futures market. According to analytics provider Coinglass, there have been nearly $ 300 million in liquidations in the last 24 hours, when the positions of more than 109,000 traders were closed.

As U.Today previously reported, the leading digital currency managed to regain the $ 50,000 level as traders waited for the so-called “Santa rally” to occur.

This term was invented in 1972 and refers to an increase in the price on the stock market in the last days of December each year.

Bitcoin prediction for the first quarter of 2022 from Novogratz

However, Galaxy Digital CEO Mike Novogratz does not expect Bitcoin to show splendid gains in the first quarter of 2022. The reason for that, he claimed, is the bearish sentiment shown by stock market participants.

Along with that, Novo believes that Bitcoin’s volatility is less than Ethereum and other altcoins.

Source: https://u.today/75615-bitcoins-wired-by-anonymous-wallets-as-btc-dives-below-50000

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