Quick Lessons about Cryptocurrencies and Bitcoin
On the “Tools” page, you will also find sections specifically set to control bitcoin transactions taking place on the market. In particular:
- RICH TRANSACTIONS
- TRANSACTIONS> 1.000 BTC
- TRANSACTIONS>5.000 BTC
- TRANSACTIONS> 10.000 BTC
- TRANSACTIONS>50.000 BTC
These specified sections will help you filter different transaction that take place between the most prominent Bitcoin wallets.
Suppose you want to understand the importance of filters. In that case, you need to look at the lowest filter available, which visualizes transactions larger than 1000 Bitcoins and therefore larger than several million euros or dollars!!!!
A larger transaction amount could indicate a more significant intention of the big whales to act on the market (see examples below).
If you want a more detailed weekly and monthly overview, take a look at the RICH TRANSACTIONS section. Here you will get the total balance of transactions of each of the first 100 addresses (the personal identification code of a possible bitcoin target payment within a wallet created by the first 100 bitcoin holders).
We have created sections on TRANSACTIONS > XXXX BTC based on these addresses. The main goal behind this section is to extrapolate the “movements” and thus the last big transactions of the first 100 addresses.
Basically, these powerful tools help us understand the ‘Big Whales’ behavior (Big Whales refers to the main investors, institutions, or, more generally, Bitcoin holders).