BTC Whales Stir: $418.3 mln Transaction Reported as Analysts Recommend Buying Dip

News
Fri, 02/28/2020 - 08:49
Yuri Molchan
Whale Alert detects a transaction worth 47,446 BTC, while Tyler Winklevoss praises Bitcoin as an investment tool and analysts recommend buying the dip
Cover image via www.shutterstock.com
Contents

The flagship digital currency keeps trading under the $9,000 level. Bulls are taking it as a sign to buy the dip and are reminding the crypto community on Twitter.

Meanwhile, Whale Alert has reported another gargantuan transaction with the Bittrex exchange involved.

$418.3 mln in Bitcoin moved

The Whale Alert bot has spotted a transaction worth 47,446 BTC first from an anonymous wallet to an address at the Bittrex exchange. This was followed by the same amount of BTC sent back from Bittrex to that wallet.

Image via Twitter

Now that BTC is trading in the $8,500 area, Bitcoin whales are likely to become more active. Other recent transactions reported by Whale Alert on the Bitcoin blockchain could be of the same nature.

On February 27, Whale Alert reported a similar-sized transaction involving Bittrex, Binance and a few unregistered Bitcoin wallets.

Related
Bitcoin Trader Explains Why It's Critical for BTC Price to Stay Above $8,500

Winklevoss praises Bitcoin, again

One of the Winklevoss twin brothers, Tyler, has taken to Twitter to share another bullish word on Bitcoin.

He calls BTC the best safe haven asset in the history of the world.

“At some point people will wake up and realize that bitcoin is the best safe haven asset the world has ever seen. Until then, opportunity abounds.”

While crypto influencer Tyler Winklevoss praises Bitcoin as the price drops, analysts believe it is time to buy the dip – there is time, they say, while BTC is trading below $10,000.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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