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Whale Alert says 200M USDT have been sent to the Binance Exchange

Crypto whale watchers are tracking the creation and transfer of 200,000,000 Tether (USDT).

The big batch of USDT was minted on Thursday and quickly sent to the crypto exchange Binance.

According to the crypto experts, the other cryptocurrencies are moving rapidly in the upward direction than the world’s leading cryptocurrency Bitcoin. Though the price of BTC is trading above the figure $9.050, other digital assets or altcoins are also following Bitcoin.

Aside from the big USDT transfer, crypto whales have been relatively quiet in recent days.

Whale alert explains that the main purpose behind this transfer is to dump BTC coins. But it is not said by the whale alert that what effects this transfer of BTC will have on the cryptocurrency market.

Crypto whale says that for the current time, we are unable to predict the future of the crypto market but one thing is for sure that the bullish momentum of the crypto market is still standing straight.

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