This start of the week has been very busy for the 'crypto whales' of Bitcoin, the leading cryptocurrency that has seen sudden movements not only in its prices this weekend, but today Monday with an intense transfer of high amounts in the last two hours At the time of writing, they have meant a joint rotation of just over 97 thousand bitcoins, valued at $ 917,024,800 million dollars.

According to Whale Alert, the transfers began on Monday, July 29, 2019 with a first movement of 49756 BTC registered at 11:25:04 in block 587601 of the Bitcoin blockchain, between two wallets unknown with the Hash of transaction number 003b44b752358ae6834c66dadb7f3c48a23e6e028091df961ea90b0e35da2a37.

This first amount was transferred from the wallet 323ENWgPNZdzsm2d6CzEaPTFrvavn1giv5 to another stranger with address 3CswTd6V8V2uv24P9yWHpPnFiLfN4CABgW .

It highlights the fact that the receiving 'whale' immediately began its distribution to other wallets in smaller amounts after receiving, to try to avoid its trace, as we can see in the following graphs.

Transfer between wallet3CswTd6V8V2uv24P9yWHpPnFiLfN4CABgW y 17nxZeCAvDTv28iv8dUpJ8b2mjuWSKSMkz by 6756 BTC:

Transfer between wallet 3CswTd6V8V2uv24P9yWHpPnFiLfN4CABgW y 17NVm9kEMerKxRWxyEHZwyE59A6ExwouXw 7000 BTC.

The rest of the bitcoins of this first transfer rested in the wallet 33AibmPKKKDRfSZsqgugzGY5MQnrVYpfQr which were moved to different wallets in approximate amounts of 6000 BTC.

The second 'Whale' went into action two hours later, to move an amount similar to the previous whale, about 47357 BTC between the directions 33VMRgxXZWgZGmGnGRZ9AEW8bZs8scMiY1 y 336Ka4riKSN4ZaNGNW7hBZ6Cu2NHxUEKoj registered in block 587616 under transaction hash number c8489f10b7430587e0bd54cce1e9ec36f927d77f81eadd09e9042c347d1864e7.

The procedure on this occasion was similar to the previous behavior of the previous whale. Movements in small quantities of approximately 6000 BTC to five different directions for different amounts.

Market price AFFECTED OR IMMUNE?

In total these movements have meant the rotation of more than 176 thousand bitcoins in the late afternoon of this Monday. During the action of the whales, the price of Bitcoin first had a fall bottoming to the level of @ $ 9362, which was then surpassed and maintained with the action of the second whale at momentary levels of @ $ 9469.

Thanks to the action of the second whale, prices were pushed gradually over the last hour over the psychological barrier of $ 9500 and knowing the decision on the ruling in the New York court against Bitfinex, the price has been pushed by over @ $ 9600 in some exchanges like Binance, achieving in the last five minutes a Bitcoin takeoff of + 1.81%.

For now it is too early to determine an accurate verdict if the action of these whales will allow BTC to push upwards or otherwise contract it again at key support levels of @ $ 9362.

The sales sentiment in the main crypto asset continues to be very pronounced, with 12 signals for sale above 6 bullish indicators in the time frame for the 4H chart. The neutrality present in some market players to see the performance of the FUTURES in the coming days, will be decisive to better understand where BTC will move this week.