{"id":34134,"date":"2023-12-13T19:52:44","date_gmt":"2023-12-13T23:52:44","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=34134"},"modified":"2023-12-13T19:52:44","modified_gmt":"2023-12-13T23:52:44","slug":"bitcoin-sees-surge-in-whale-activity-will-this-affect-price","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/13\/bitcoin-sees-surge-in-whale-activity-will-this-affect-price\/","title":{"rendered":"Bitcoin Sees Surge In Whale Activity, Will This Affect Price?"},"content":{"rendered":"

Recent reports have revealed that Bitcoin (BTC)<\/a> is experiencing a significant surge in whale activity, which has since caused quite a stir in the entire crypto community.<\/p>\n

Bitcoin Experiences Surge In Whale Transactions\u00a0<\/h2>\n

According to Whale Alert, Bitcoin has been displaying a surge in whale transactions over the past 24 hours.\u00a0 The crypto tracker recently revealed several whale transfers from unknown wallets to crypto exchanges such as Binance<\/a> and Coinbase<\/a>.\u00a0<\/p>\n

The report shows that Binance amassed a whale inflow of over $67 million from the transfers. Meanwhile, Coinbase amassed a whale inflow valued at over $310 million from the transfers.<\/p>\n

A recent transaction<\/a> of 781 BTC was reported by Whale Alert, which came from four distinct cryptocurrency wallets. However, about 658 BTC were seen transferred directly to Binance.<\/p>\n

In addition, early on Wednesday morning, a different unknown wallet sent<\/a>\u00a0499 BTC to Binance. This move is worth almost $20.6 million as of the time of the transaction.<\/p>\n

The most recent <\/a>whale activity reported by the crypto tracker shows that about 500 BTCs were transferred into Binance. As of the time of the report, the transaction was valued at $20.5 million.<\/p>\n

For Coinbase, the tracker revealed a whopping 7,515 Bitcoin that was transferred by unknown wallets to the crypto exchange. The first transaction saw<\/a> about 2,510 BTC, valued at $104.2 million sent from an unknown wallet 1xkfCoJyCZ\u2026Ur7bZJWuXJ to Coinbase. The second<\/a> whale transaction witnessed 2,494 BTC transferred by another different wallet to the crypto platform.\u00a0<\/p>\n

Meanwhile, the last whale transaction from the anonymous wallet 15LhEQYPdK\u202688T9kLM55m transferred<\/a> 2,511 BTC to Coinbase. Nonetheless, the crypto tracker has reported that these BTCs have been moved from the exchange to several wallets.<\/p>\n

So far there is no solid evidence that these whale transactions<\/a> have had any effect on the price of Bitcoin.\u00a0<\/p>\n

Support Levels To Watch Out Says Analyst<\/h2>\n

Cryptocurrency analyst Ali Martinez has recently shared<\/a> key levels to watch out for concerning the crypto asset. The analyst took to X (formerly Twitter) to share these crucial support levels for the crypto community and investors.<\/p>\n

Ali asserted that BTC will find solid support between $37,150 and $38,360 should in case a deep correction occurs. He further added that the zone is backed by 1.52 million addresses holding about 534,000 BTC.<\/p>\n

Furthermore, he highlighted two resistance walls that could oppose the crypto asset\u2019s upward rally. The first resistance wall is $43,850, while the second wall is $46,400.<\/p>\n

Currently, BTC is sitting at $41,380, indicating a 1% decline in the last 24 hours as of the time of writing. Its market capitalization is currently valued at approximately $809 billion, indicating the same percentage decline, according to CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Recent reports have revealed that Bitcoin (BTC)<\/a> is experiencing a significant surge in whale activity, which has since caused quite a stir in the entire crypto community.<\/p>\n

Bitcoin Experiences Surge In Whale Transactions\u00a0<\/h2>\n

According to Whale Alert, Bitcoin has been displaying a surge in whale transactions over the past 24 hours.\u00a0 The crypto tracker recently revealed several whale transfers from unknown wallets to crypto exchanges such as Binance<\/a> and Coinbase<\/a>.\u00a0<\/p>\n

The report shows that Binance amassed a whale inflow of over $67 million from the transfers. Meanwhile, Coinbase amassed a whale inflow valued at over $310 million from the transfers.<\/p>\n

A recent transaction<\/a> of 781 BTC was reported by Whale Alert, which came from four distinct cryptocurrency wallets. However, about 658 BTC were seen transferred directly to Binance.<\/p>\n

In addition, early on Wednesday morning, a different unknown wallet sent<\/a>\u00a0499 BTC to Binance. This move is worth almost $20.6 million as of the time of the transaction.<\/p>\n

The most recent <\/a>whale activity reported by the crypto tracker shows that about 500 BTCs were transferred into Binance. As of the time of the report, the transaction was valued at $20.5 million.<\/p>\n

For Coinbase, the tracker revealed a whopping 7,515 Bitcoin that was transferred by unknown wallets to the crypto exchange. The first transaction saw<\/a> about 2,510 BTC, valued at $104.2 million sent from an unknown wallet 1xkfCoJyCZ\u2026Ur7bZJWuXJ to Coinbase. The second<\/a> whale transaction witnessed 2,494 BTC transferred by another different wallet to the crypto platform.\u00a0<\/p>\n

Meanwhile, the last whale transaction from the anonymous wallet 15LhEQYPdK\u202688T9kLM55m transferred<\/a> 2,511 BTC to Coinbase. Nonetheless, the crypto tracker has reported that these BTCs have been moved from the exchange to several wallets.<\/p>\n

So far there is no solid evidence that these whale transactions<\/a> have had any effect on the price of Bitcoin.\u00a0<\/p>\n

Support Levels To Watch Out Says Analyst<\/h2>\n

Cryptocurrency analyst Ali Martinez has recently shared<\/a> key levels to watch out for concerning the crypto asset. The analyst took to X (formerly Twitter) to share these crucial support levels for the crypto community and investors.<\/p>\n

Ali asserted that BTC will find solid support between $37,150 and $38,360 should in case a deep correction occurs. He further added that the zone is backed by 1.52 million addresses holding about 534,000 BTC.<\/p>\n

Furthermore, he highlighted two resistance walls that could oppose the crypto asset\u2019s upward rally. The first resistance wall is $43,850, while the second wall is $46,400.<\/p>\n

Currently, BTC is sitting at $41,380, indicating a 1% decline in the last 24 hours as of the time of writing. Its market capitalization is currently valued at approximately $809 billion, indicating the same percentage decline, according to CoinMarketCap.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-34134","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=34134"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34134\/revisions"}],"predecessor-version":[{"id":34141,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34134\/revisions\/34141"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34134"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}