Crypto whales cause Bitcoin (BTC) market mayhem after $634 million quick transfers

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Four of the largest crypto whales moved a total of $634 million in Bitcoin (BTC), which happened in unison within a couple of minutes on Friday.

The market reacts, crypto traders get confused when there are sudden and unusual movements in the largest BTC.

Since the KuCoin Global Exchange hack on September 26, cryptocurrency exchanges and traders are still on high alert even though the stolen crypto was recovered. Traders are tracking crypto analytics more closely than ever.

Crypto analytics tracker BTC Block Bot was the first to detect the massive Bitcoin shifts by the whales.

  • Someone moved 10,500 BTC ($115M) in block 651,998 
  • Someone moved 15,987 BTC ($176M) in block 651,998 
  • Someone moved 18,306 BTC ($202M) in block 651,998 
  • Someone moved 11,299 BTC ($124M) in block 651,998

It is not always easy to predict the bitcoin marketplace. Most traders depend on the BTC whales to help determine trends.

The so-called whales or high-net-worth entities, and individuals typically accumulate and move their holdings in “whale clusters.”