Crypto markets hve seen today the fist price dump of the new year 2019.
Bitcoin price has declined by more than 9% in the last 24 hours going from $4000 to $3665 at the time of writing according to coinmarketcap as shown in the chart below.
Coin360 is mstly in red with barely any green spot visible.
This big volatility has seen a group of whales in movement.
Around $50 million in Bitcoin has moved in 4 transactions today, This could be an indicator that more selling pressure is coming as some of these transactions are movements toward exchanges.
8,000 $BTC ($32,357,200.00 USD) transferred from Unknown wallet to #Bitstamp-coldwallet Tx:https://t.co/DGlM7UWFZT
— WhaleWatch.io (@whalewatchio) January 10, 2019
1,358 $BTC ($5,492,634.70 USD) transferred from Unknown wallet to #Bitfinex Tx:https://t.co/9lXxl7t4Vj
— WhaleWatch.io (@whalewatchio) January 10, 2019
1,385 $BTC ($5,601,840.25 USD) transferred from #Bitfinex to Unknown wallet Tx:https://t.co/502RUIlCyh
— WhaleWatch.io (@whalewatchio) January 10, 2019
2,000 $BTC ($8,089,300.00 USD) transferred from Unknown wallet to #Bitfinex Tx:https://t.co/UHtZcLF0XG
— WhaleWatch.io (@whalewatchio) January 10, 2019