2 years ago
155 Whale Alert crypto service is a platform that tracks huge crypto transfers. It has now detected two major Bitcoin transactions between anonymous whales. These transactions carried a cumulative total of nearly $1.7 billion in cryptocurrency.
The two transfers carried 15,100 and 12,006 BTC. This translated to $929,007,000 and $742,459,249.
15,100 #BTC (929,007,000 USD) transferred from unknown wallet to unknown wallethttps://t.co/753fD0o90h
— Whale Alert (@whale_alert) October 22, 2021
Based on data acquired from Whale Alert, the transfers were done between cryptocurrency addresses with anonymous crypto whales that are unregistered.
12,006 #BTC (742,459,249 USD) transferred from unknown wallet to unknown wallethttps://t.co/rcY5c0Rz4k
— Whale Alert (@whale_alert) October 22, 2021
Meanwhile, in the past several days, after the biggest crypto reached a new all-time high near $67,000, it staged a steep retracement, that pushed it down to the $63,000 zone first and then to the $60,000 level where it is currently consolidating.
Bitcoin recovered to reach back above $61,500 at some point but it has now begun dropping once more. According to CryptoQuant, this correction is due to the short-term holders that are selling their Bitcoin holdings.
BTC Active Addresses And Circulation Still Growing
Based on the latest data shared by Santiment, despite the correction that has pushed Bitcoin back to around $60,000, the two biggest metrics for Bitcoin include circulation and active addresses. These metrics are still strong which may help in pushing Bitcoin higher once more.
China Bans Bitcoin ETF Data Search
Based on Colin Wu, a Chinese crypto journalist and blogger, the biggest stock trading platforms operating in China, Futu Niuniu and Tiger Securities, have now suspended producing search results for all market data related to Bitcoin ETFs.
Data from the source that was cited by Wu, Chainnews, says that on October 19, the first day when the ProShares Bitcoin futures ETF with BITO ticker started trading, it managed to become the biggest and hottest new stock listed on Tiger Securities.
According to Chainnews, China's largest stock trading platform, Futu Niuniu and Tiger Securities, are no longer possible to search for Bitcoin ETF market data. On the first day of BITO's listing, it was once the number one hot stock in the Tiger Securities app.
— Wu Blockchain (@WuBlockchain) October 23, 2021
On October 22, another Bitcoin ETF launched by Valkyrie, began trading on the Nasdaq.
