Amid the massive drop in price, more than 12,000 BTC were transferred from unknown to unknown, worth $ 650 million. The 12K BTC transferred was not the only massive move in the market as Bitcoin has dropped from the mid $ 57K to around $ 53K.
Massive Bitcoin Price Prediction Drop
This massive drop took place around 2:00 am on November 26, just before the stock market opened. Countless transactions were detected by WhaleBot alerts on Telegram with massive BTC transfers from unknown to unknown with millions of USDC minted and burned.
These are the notable BTC transactions that took place consecutively:
- 747 BTC worth $ 40.5M transferred from unknown to unknown - TX link
- 1,100 BTC worth $ 59.6M transferred from unknown to unknown - TX link
- 760 BTC worth $ 41 million transferred from unknown to unknown - TX link
- 814 BTC worth $ 44 million transferred from unknown to unknown - TX link
- 789 BTC worth $ 42.8M transferred from unknown to unknown - TX link
- 889 BTC worth $ 48 million transferred from unknown to unknown - TX link
- 760 BTC worth $ 41 million transferred from unknown to unknown - TX link
- 775 BTC worth $ 42 million transferred from unknown to unknown - TX link
- 752 BTC worth $ 40.7M transferred from unknown to unknown - TX link
- 796 BTC worth $ 43 million transferred from unknown to unknown - TX link
- 320 BTC worth $ 17 million transferred from unknown to unknown - TX link
- 1,172 BTC worth $ 63.5M transferred from unknown to unknown - TX link
- 1,146 BTC worth $ 62 million transferred from unknown to unknown - TX link
- 1,203 BTC worth $ 65 million transferred from unknown to unknown - TX link
Robert Kiyosaki 'predicted' a market crash
One of the best-known personalities who "predicted" a market crash was the author of Rich Dad, Poor Dad, Robert Kiyosaki. His prediction, however, was that the market would crash in October. Although it saw a drop, it was only a correction as the market resumed its regular trajectory.
Robert Kiyosaki also revealed six assets you have and he thinks it will perform well during inflation: gold, silver, rental real estate, oil, and Bitcoin and Ethereum. The price of gold fell, but then has resumed its uptrend, while silver has fallen but is slowly returning to its momentum, as seen in Gold price.
Read also: New way to earn money with Axie Infinity | Virtual land is sold for 550 ETH
Other affected Altcoins
Apart from Bitcoin, other cryptocurrencies like Ethereum and even some altcoins like REEF and STMX are also in sync with the drop. Ethereum fell from around $ 4.4K to around $ 3.9K, while REEF fell from 0.026 to 0.022, but has since started to recover. In addition to this, STMX fell from almost 0.036 to around 0.029 and is currently trading around the thin 0.03 line, as seen in Binance.
Even metaverse tokens have also seen a drop in price, with MANA falling 10.6% in the last 24 hours, while SAND fell 5.8% in the same time period seen in CoinGecko.
Related article: Crypto Fear & Greed Index returns to fear falling from 50 to 33 | How is it calculated?
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Written by Urian B.
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