Bitcoin whales move 'record' BTC value as metric sounds alarm over price volatility

Bitcoin whales move 'record' BTC value as metric sounds alarm over price volatility


Bitcoin (BTC) analysts are eyeing short-term volatility as whales begin unprecedented behavior.

Fresh data shows that whales have not only been highly active on the market — they’ve been moving record amounts of BTC.

Whale activity beats Bitcoin all-time highs

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Despite BTC price action staying in a narrow, uninspiring range of around $40,000, large-volume Bitcoin investors are anything but calm.

In recent weeks, these whales have shifted more coins around the network than ever before — even more than during all-time BTC/USD highs of $60,000 and above.

Transactions involving $10 million and over recently hit more than $10 billion.

Whales have been moving record amount of #Bitcoin last two weeks.

Total transfer volume of $10M+ transactions keeps staying at ATH lately.

It’s even higher than when the price was at $55-60k. pic.twitter.com/FXvcCPPl57

— Lex Moskovski (@mskvsk) September 28, 2021

Further analysis of their actions shows that different classes of whale have exhibited different reactions to recent price events.

“Smaller” whales have been selling, while the largest-volume investors have conversely added to

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