Bitcoin Whales Making a Splash: Did 9 Transactions Valued at $236m Spark the Market?

Over the weekend, seemingly for no real reason, Bitcoin took off sharply and started rising towards $9,000 after struggling to break through and stay above $8,000 in recent days and weeks.

However, preceding this, a Twitter account known as ‘Whale Alert’ started picking up some major movement on the Bitcoin network as a cumulation of about 9 transactions saw  27,029 BTC worth $236 million get moved.

Mostly the moves were between wallets, but one of the transfers was onto an exchange, which gives some interesting insight into what those with a lot of money are thinking at the moment. It also could once again show just how easy it is to manipulate the Bitcoin market with enough capital.

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