9.200 BTC on Bitfinex and Binance for the next Dump?

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Hardly, it goes with the Bitcoin exchange rate slightly in the direction of the South, transferred large amounts of BTC on exchanges. A Bitcoin Whale has been taken a few hours for a little attention. It is about 9.200 BTC, the equivalent of about USD 90 million, which were transferred to Bitfinex and Binance.
We look at the Transfer in more detail and give our assessment of how this movement could impact on the Bitcoin price.

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Bitcoin Whale move 9.200 BTC on Bitfinex and Binance

The magic behind the Bitcoin Whale movements is very limited, nevertheless, there is always panic when BTC Whales on the way. As before, you are the waters of the largest animals in the Crypto and not all of them are well-disposed towards us well. Great dangers lurk, especially if the BTC is flowing in large quantities to a Bitcoin exchange. This would at least rise on the local stock market, pressure on prices and, perhaps, a negative impact on the Bitcoin exchange rate impact.
The latest Bitcoin Whale transaction was discovered by the colleagues of whale alert on Twitter. This 6000 Bitcoins from an unknown address were transferred to the BTC address of Bitfinex.

In addition, a few minutes ago, another 2,000 BTC were transferred in a counter-value of almost 20 million USD, also from an unknown address, on Binance. So perhaps another Bitcoin Whale who wants to bring a little bit of his Coins to dry.

Additional, smaller transactions of 582 BTC on Binance and 700 BTC were still on Bitfinex. Thus, alone, today, over 9,200 BTC were transferred to various stock exchanges.

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Internal Transfer, Dump, hazard, or normal sale?

Many are wondering whether or not you will have to reckon with a further Bitcoin price Dump or in a panic, your stocks after you should take. We can calm down, because even if Bitcoin Whales in the truest sense, “Big fish” in the Crypto Space, so you do not pose dangers even in such a Situation. Most of the Action happens behind the Scenes on OTC Services. The BTC sale will take place on a stock exchange, this usually happens in smaller packages. As a result, the sales have only a small impact on the price pressure and thus lead to no significant Bitcoin exchange rate movements.
But we should not forget: In the Crypto-market is still manipulated strongly. The market is small and may be due to relatively small sums of money in a certain direction. Therefore, we cannot exclude at this point that the Bitcoin exchange rate might be a short-term Dump. Let you from these movements and manipulations are not to be intimidated. Such sales have only a short-term impact on the BTC price and are accumulated at a solid demand quickly again.
In addition, it is currently unclear who the unknown address. It can also, in theory, a Transfer of the stock exchange itself, which has transferred some BTC from the Hot Wallet to a Cold Wallet. Finally, it is at this point not clear. We will keep you in the case of other important events and information, as always, up to date.
It will come through several Bitcoin Whale to a Dump?
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