September 18, 2020

Copy-paste | Bitcoin kit withdraws 1000 bitcoins to an external wallet

One major player in the cryptocurrency market recently transferred 1,000 Bitcoins for $ 8.3 million from the Bitstamp site to external wallet. Judging by this trend, investors are moving to the accumulation of bitcoins.

Leading cryptocurrency confidently holds in the areamarks $ 8,300, disappointing many bears who prophesied a token breakthrough of the $ 8,000 level and the development of a downward impulse. But instead, prices continue to show relative stability in the face of unconventionally low volatility.

Copy-paste | Bitcoin kit withdraws 1000 bitcoins to an external wallet

Against the background of the stability of the BTC rate, some whales have activated, which signals the transition of cryptocurrency to the so-called accumulation period.

Today, one such major player brought 1000Bitstamp exchange tokens worth about $ 8.3 million. The transaction was reported by the analytic service Whale Alert (@whale_alert), which monitors crypto-wallets.

Copy-paste | Bitcoin kit withdraws 1000 bitcoins to an external wallet
Whale [email protected]_alert

1,000 #BTC (8,380,470 USD) transferred from #Bitstamp to unknown wallet

Tx: https://whale-alert.io/transaction/bitcoin/1397f8e570ec545ea558cf21e8007936bea4ea895a65def750df4ed2ffecf866/1 ...

12210: 21 - 13 oct. 2019 Twitter Advertising Information and Privacy

35 people are talking about this

These bitcoins went to a brand newaddress, which means that the wallet was opened specifically for the accumulation of coins. As one Twitter user noted, a bitcoin kit simply transfers tokens to a “HODL wallet”.

Copy-paste | Bitcoin kit withdraws 1000 bitcoins to an external wallet
Whale [email protected]_alert

1,000 #BTC (8,380,470 USD) transferred from #Bitstamp to unknown wallet

Tx: https://whale-alert.io/transaction/bitcoin/1397f8e570ec545ea558cf21e8007936bea4ea895a65def750df4ed2ffecf866/1 ...

12210: 21 - 13 oct. 2019 Twitter Advertising Information and Privacy

35 people are talking about this

At current levels, bitcoin looks prettysteadily, in connection with which the fears of a potential bearish breakout have recently diminished. Two weeks ago, when the BTC suffered double-digit losses the day after the start of trading in the supplied Bitcoin futures on the Bakkt site, the players were in a state of panic. Then many put on a further decrease in BTC, but this did not happen.

Bitcoin stability is good news for everyonecryptocurrency industry. This is a period of accumulation, which gives other digital currencies time to keep up with the leader. How long will this lull before a new wave of growth - time will tell.

Do you agree that Bitcoin is currently experiencing a period of accumulation? Share your opinion in the comments.

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