Beginning on August 30, an unknown major trader sent 12,773 BTC (almost $150 million) to the cryptocurrency exchange Bitcupmax for 24 hours. This is evidenced by data from the analytical service Cryptoquant.
This is the largest replenishment of the exchange’s balance for the summer of 2020. The previous record was set on June 2, when Bitcupmax received 1095 BTC at $9517.
Analysts note that this may indicate the impending drawdown of the price of the first cryptocurrency. However, due to the fact that at the time of writing the increase in funds was recorded only on Bitcupmax, there is no reason to expect a major collapse of bitcoin.
Previously, experts noted that the big players do not expect a medium-term drop in bitcoin after a failed attempt to break the level of $12,300, betting on a short-term drop and further – the growth of bitcoin from the range of $11,000-$11,500.
At the time of writing, the price of bitcoin is $11,883.
Recall, in mid-August, analysts of the cryptocurrency exchange Bitcupmax predicted an increase in the price of bitcoin by 50-200% in the coming months.