Crypto Whale Transfers $7.7M Worth of ETH from Bithumb to Anonymous Wallet

Crypto Whale Transfers $7.7M Worth of ETH from Bithumb to Anonymous Wallet

According to data made available by Glassnode, an on-chain alert account, a crypto whale transferred the sum of $7,696,350 worth of ETH 45,000 from the South Korean cryptocurrency exchange, Bithumb.

Since the transaction was made from an anonymous wallet, the name of the holder and the destination of the huge transfer are not known.

The crypto whale made a huge transaction on 20 April 2020. The report says, “45,000 ETH (8,272,501 USD) withdrawn from Bithumb to unknown wallet.”

A crypto-currency analyst has just aired his views on the possible market price trend of Ethereum (ETH).

Remember that before losing this support to the determined bears a few hours ago, ETH was priced farther above $174 resistance level.

Ethereum (ETH) has a bearish outlook, in Crypto Michael’s opinion, but that could change later. He said the digital currency needs to reclaim support of $174 with a higher timeframe.

He said that if this condition fails, the digital currency might end up experiencing a noticeable price dip to a price region of $152.

Crypto Michael shared this, “Same view here. Pretty much bearish outlook for now, unless price reclaims $174 with a higher timeframe candle close. If so, I’m expecting the highs to be reached. Otherwise I’ll target $152-158.”

Currently the bears take over the bulls in the cryptocurrency market. Each of Bitcoin’s top 10 digital currencies (BTC) has lost relatively 3 percent of their accumulated prices over the past 24 hours.

This unfavorable price situation also affects the market capitalization price of Ethereum (ETH), the second-largest digital currency.

Whale Transfers $367M Worth of Bitcoin in Crypto Shuffle

A mysterious crypto whale just surfaced, moving Bitcoin (BTC) worth hundreds of millions of dollars in a consecutive number of transactions.

The whale originally transferred 50,042 Bitcoin worth $367,982,598 to an unknown wallet and sent 100 to a separate unknown wallet in the same transfer.

The giant transfer fee was just 37 cents.

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Abdulhay Mahmoud 414 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.