Crypto-Follow logo Crypto-Follow logo
Cryptopolitan 2020-01-12 04:45:30

Bitcoin whale moves 5000 BTC to Poloniex, experts suspect shuffling

Bitcoin whale moved 5000 Bitcoins to the exchange address of Poloniex which caused concern to traders and analysts. Bitcoin whale moves $40 M Bitcoin to Poloniex Bitcoin whales have always played a major role in dictating the price action of the asset. Many crypto analysts, as well as traders, have looked at moves made by whales to predict the future price of the coin. Generally, the movement of whales towards a crypto exchange address suggests that a dump is imminent. As the person dumps i.e. sells off, his Bitcoins the price of the asset falls and momentum moves towards the

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer