Bitcoin (BTC) gets $500 more expensive in a matter of minutes. Whales behind the move? - FXStreet

The fundamental reasons for the sharp growth are not readily available, though, a large whale transaction form an unknown wallet to OKEx may have something to do with it. The whale-alert spotted the transaction and reported in on Twitter: 70,009,991 USDT (70,237,853 USD) transferred from unknown wallet to Okex.

Meanwhile, from a technical point of view, we will need to see a daily close above $7,350 to claim that the short-term picture has improved. The next barrier is created by the middle line of the daily Bollinger Band at $7,700, followed by $8,000.

Timeline of Bitcoin, Tether