1. Why is everyone discussing big crypto transactions?

Actually, such transactions might be a contributor to the uptick in crypto markets.

In early April, Bitcoin (BTC) saw the first major recovery in months, when the price of the world’s top coin rose from around the $4,000 mark to over $5,000. The industry was actively discussing the reasons behind the unexpected surge. While some insiders — such as Binance CEO Changpeng Zhao — were clueless about the catalysts of the spike, others mentioned the April Fool’s Day story on the prank-approval of a Bitcoin exchange-traded fund and even Brexit as possible triggers.

However, some believe that mysterious crypto orders could be accountable for the market recovery. According to Reuters, the gain was probably triggered by a 20,000 BTC order (over $100 million, at that time) that was spread around United States-based crypto exchanges Coinbase and Kraken, as well as Luxembourg’s Bitstamp.

Big volume transactions could kick-start a frenzy of algorithmic trading — a method that uses automated software to detect trends and determine when trades should be made. As the mechanisms recognized the gigantic order, the automated trading started, forcing the prices and volumes to rise for several days in a row, with Bitcoin briefly testing the $5,300 mark.