[BitCoin] Whale wallet analysis 2018.05.08

in #bitcoin6 years ago

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Summary

Yesterday : Market Cap: $428,843,325,036 / BTC Dominance: 36.8%
Today : Market Cap: $431,384,385,034 ↑ / BTC Dominance: 36.2% ↓0.6%

Market cap increased from yesterday, but BITCOIN's dominance drop 0.6%.

The lowest rate of domination : 32.67%

1 BTC = $ 9,151.92 USD
bitfinex: 9,145.8 USD
bitstamp: 9,140.77 USD
gdax: 9,126.37 USD
hitbtc: 9,162.18 USD
gemini: 9,131.05 USD
1 USD = 0.00011 BTC

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Whale wallet

Transaction history

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No. 7 (1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7)
He bought bitcoin (+1,400 BTC ). ###### bought five consecutive days.

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Conclusion

There are still many bitcoins stored in the exchange wallet.
If Whale wants to hold long term, Whale does not need to keep the bitcoin in the exchange.
So the bitcoins will still be a lot of trades. I think that the bitcoin value will increase.

A little bitcoin was deposited in every wallet. I think this is the same as the PoS (Proof of Stake).

Source :

  1. https://coinmarketcap.com
  2. https://bitinfocharts.com/

Disclaimer

This is no financial advice, just my view on the market.

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