Summary of crypto whale activity in the last 48 hours

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Keeping track of what crypto whales do is not always easy, because there are many transactions and even crypto currencies. However, in the last hours there are three crypto currencies that have been preferred by these actors: LINK, USDT and BTC. Discover the details below.

Are Bitcoin whales buying USDT?

Crypto whales mobilize LINK, USDT and BTC
During these two days, the crypto whales have performed 24 operations with LINK. Of these, eight were conducted among unknown wallets, another ten from unknown wallets to exchanges.

In terms of quantity, obviously the most important flow was between unknown wallets, with a total of more than 2 million LINK. However, six accumulation transactions were also recorded giving a total of 664,000 LINK.

Then, in the case of USDT, there was a significant contrast in the activity of the whales that mobilized it. Yesterday, 22 movements were recorded that moved about 390 million USDT.

Most were accumulation, specifically 149,999,629 USDT were taken from exchanges to unknown wallets through eleven operations. Then another eight movements introduced a total of almost 120 million USDT in different exchanges.

In contrast, there were only five USDT trades at the time of this writing. These were from the Tether reserve to Binance. The total was 67 million USDT, so it follows that there is a great demand for USDT right now. These are not included in our summary table.

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What have crypto whales done with BTC in the last 48 hours?
Finally, in the case of Bitcoin, 21 operations have been observed during these hours with a total of 35,670 BTC. What is interesting is that a considerable majority was made in the sense of accumulation, specifically fourteen, which in total add up to 20,162 BTC.

On the other hand, 7,789 BTCs were introduced in different exchanges through four transactions. Perhaps we will see their sale soon, but it still does not compare with the level of accumulation recently observed. Finally, Whale Alert also published three transactions between exchanges (7,269 BTCs in total).

Analysis of the activity

Bitcoin and Tether are usually the crypto currencies we see most in Whale Alert reports. However, at this time it is quite evident that the market is moving aggressively, and the whales with it.

This is not to say that there were not other cryptosystems with large and important movements. Instead, we just want to point out that in these last 48 hours the most constant activities were done with the already mentioned cryptomonies.

At the time of writing, BTC changes hands for US$ 11,777.83. This represents an increase of 0.08% in the last 24 hours. However, it should be noted that although it continues to be in positive numbers, in a matter of hours it has fallen below the 11.8K reached in the morning.

Crypto whales have begun to accumulate, as they expect this trend to continue to increase. If they continue to knead large quantities of this crypto currency, they may even slowly push it up. But obviously, they would have to sustain it for longer and perhaps in greater proportions.

In the case of the USDT, as we have seen the trend of accumulating it was present yesterday, but not so much today. Perhaps in the next few days we could see a reversal in the trend, and instead of accumulating they may sell their tokens to acquire BTC, but again it would depend on BTC’s performance.

In addition, it may be that Tether whale targets are subject to a macro context in which there is still some correlation between what happens in traditional and cryptomone markets. A stablecoin may seem more attractive to them than BTC.