Motivated by Federal Reserve Chairman Jerome Powell who ruled out the possibility of raising interest rates three times in the next few meetings, Bitcoin once touched the $40,000 integer mark on the 4th , but immediately followed the US stock market crash on the 5th by 8%.
Benzinga reported on the 5th that data from blockchain wallet tracking agency Whale Alert showed that an anonymous bitcoin giant transferred funds four times in the past day, moving a total of nearly 19,000 bitcoins to the same cold wallet. The people who control this cold wallet now have a total of 19,244 bitcoins with a market cap of $765 million.
Other cryptocurrencies have also seen massive outflows. Coinbase’s total ether withdrawals hit a record high on May 3, bringing ether balances on the exchange to a three-year low.
The report pointed out that cryptocurrency giant whales have withdrawn from exchanges and entered cold wallets, generally for long-term holding. Market participants believe this is usually a signal that selling pressure has eased.
According to the CoinDesk quotation, as of around 11:30 noon on the 6th, Taipei time, Bitcoin was at US$36,359.66, down 8.46% from 24 hours ago; Ethereum was reported at US$2,742.73, down 6.79% from 24 hours ago.