speculate about single tx in blockchain could be very hard. taking the chance that they moved these huge amounts of bitcoin for selling in exchange, we have a market that want tokens constantly.
like the last flash crash, price have gained quickly value, becoming stable at historically high level.
Topic: 1% of Bitcoin dormant supply moved from long-term storage in November (Read 223 times)
December 04, 2020, 08:04:33 AM
December 04, 2020, 07:54:44 AM
We have seen a lot of positive news already that the price almost spike to $20k already.
So I'm not surprised by the news as this statistics just show the we are already in a bull run and everyone is buying and then keeping it for the long haul, specially that there is a big chance that the price could really spike up next year. So we might see this numbers growing over time as more people prefer to hold their bitcoin in their wallet and won't liquidate unless we reach a new all time high.
So I'm not surprised by the news as this statistics just show the we are already in a bull run and everyone is buying and then keeping it for the long haul, specially that there is a big chance that the price could really spike up next year. So we might see this numbers growing over time as more people prefer to hold their bitcoin in their wallet and won't liquidate unless we reach a new all time high.
December 04, 2020, 07:11:26 AM
Bitcoin is a speculative market, so we can only speculate on the intent of why the coins have been moved in the first place, but with how btc price is on a spike to a new ath, I can believe that it's a bullish sign for Bitcoin, now that Bitcoin is being adopted by traditional institutions and individuals who didn't believe in the network prior to now, many of the news from now till prolly the end of next year will be good for Bitcoin and Bitcoiners, with more adoption to come next year, plus a race to it being a global market in years to come.
But the interesting thing is bitcoin was trading for less than 4K during this year and people didn't buy enough,even some people said it's going to die, now bitcoin is on it's ATH an people are greedy to buy more bitcoins.
That's the thing, the pandemic even make more people not to buy bitcoin or even believe that the halving will have a positive impact, right now, the opposite is the case and expectations are now quite high for Bitcoin next year, this obviously will cause a little bit of FOMO especially for newcomers. 
December 04, 2020, 07:06:35 AM
It looks like we may see some big movements since 185 600 bitcoins ($3.6B) were transfered on blockchain from the addresses that hadn't been touched for 12 months. In my opinion it's a positive sign because there are a lot of positive news for Bitcoin with many big wallets entering the market, it could be them too who moved bitcoins from long-term storage. What do you think?
https://cointelegraph.com/news/3-6-billion-worth-of-bitcoin-coaxed-from-long-term-storage-by-november-rally
https://cointelegraph.com/news/3-6-billion-worth-of-bitcoin-coaxed-from-long-term-storage-by-november-rally
The Bitcoins inside the wallet haven't been touched for 12 months,but some new crypto whale,who is entering the market would move them?You are contradicting to yourself.
The coins probably belong to some old and experienced crypto whale or a cryptocurrency exchange platform.
I'm pretty sure that more long term HODLers will try to sell their BTC,if the bullish market continues.
This isn't always a bad sign,if the demand for Bitcoins remains strong,the BTC price might not face a correction.
December 04, 2020, 07:05:29 AM
Ineresting, but like the folks mentioned it can be different reasons, in my opinion this movement shouldn't be dangerous to the bitcoin price cause there's been significant outflow from exchanges according to Glassnode data (https://twitter.com/glassnode/status/1250106545511292933) so investors prefer to store their BTC rather than trade. It maybe for security reasons.
It looks like we may see some big movements since 185 600 bitcoins ($3.6B) were transfered on blockchain from the addresses that hadn't been touched for 12 months. In my opinion it's a positive sign because there are a lot of positive news for Bitcoin with many big wallets entering the market, it could be them too who moved bitcoins from long-term storage. What do you think?
https://cointelegraph.com/news/3-6-billion-worth-of-bitcoin-coaxed-from-long-term-storage-by-november-rally
https://cointelegraph.com/news/3-6-billion-worth-of-bitcoin-coaxed-from-long-term-storage-by-november-rally
December 04, 2020, 07:00:15 AM
Seeing the long-term investors moving their funds to the personal wallets if the great fundamental bullish signal to the price to rise even more. This will rise the greed between investors and by rising the greed index in the market we will see more people buying bitcoins. But the interesting thing is bitcoin was trading for less than 4K during this year and people didn't buy enough,even some people said it's going to die, now bitcoin is on it's ATH an people are greedy to buy more bitcoins.
December 04, 2020, 06:58:36 AM
Could be any type of news tbh. Could be them simply moving to another, better secured cold wallet.Even if they're planning to sell, it is more like positive news to me because I'd rather have all this huge number of coins split up and distributed to multiple owners than be in the hands of one single entity.
And then, I just doubt they'd sell within a short timeframe. I doubt they'd sell even within a week because that amount requires so much liquidity and selling on the spot means pulling down the prices (so their earnings as well).
And then, I just doubt they'd sell within a short timeframe. I doubt they'd sell even within a week because that amount requires so much liquidity and selling on the spot means pulling down the prices (so their earnings as well).
December 04, 2020, 06:39:53 AM
Yeah, I was think about it too, 5-6X is a very nice profit to grab if you bought it at 3 or 4k, I wouldn't sell all but partially definitely yes
Cluld be those 3,6 billion us dollar woth in bitcoin is just partial amount right?a lot depends on original coin prices.
Ie if it was purchased at 3 or 4k it is really tempting to take profit soon.
Ie if it was purchased at 3 or 4k it is really tempting to take profit soon.
Always interesting to talk about these funds movement that nobody knows what it means, what they want and what is gonna happened to the market.
Full of speculations as there is no real answer , data is a data , numbers is numbers and we are the night watch. Winter is coming? Brace yourself.
December 04, 2020, 06:16:48 AM
Yeah, I was thinking about it too, 5-6X is a very nice profit to grab if you bought it at 3 or 4k, I wouldn't sell all but partially definitely yes
a lot depends on original coin prices.
Ie if it was purchased at 3 or 4k it is really tempting to take profit soon.
Ie if it was purchased at 3 or 4k it is really tempting to take profit soon.
December 04, 2020, 06:11:38 AM
a lot depends on original coin prices.
Ie if it was purchased at 3 or 4k it is really tempting to take profit soon.
Ie if it was purchased at 3 or 4k it is really tempting to take profit soon.
December 04, 2020, 05:56:42 AM
As far as I understand,
(1) if investors are moving out their funds to their personal wallet - bullish sign because they want to hold.
(2) if investors are moving out their funds to exchanges - bearish sign as they most likely to liquidate their bitcoin.
(1) if investors are moving out their funds to their personal wallet - bullish sign because they want to hold.
(2) if investors are moving out their funds to exchanges - bearish sign as they most likely to liquidate their bitcoin.
Now the question is, where they will move it? I mean that huge amount is not easy to sell. they need to separate it to sell on some top exchanges and that's when the time the BTC price will fall because you know, the $3 billion amount of BTC is not a joke man. If they move it to their personal wallet then that would be the best for this year and expect for the price to surge even more than the current market.
December 04, 2020, 05:50:57 AM
In anticipation for more price action next year, perhaps? There are a lot of possibilities for the transferred coins, with one of those including it to be liquidated if possible, so a possible bearish movement might entail along the way in the near future and that’s a lot of coins. Or it could be someone moving storages to make sure that they aren’t being targeted for an attack. There’s tons of possible reasons to speculate on, but I agree that it has to do with the current rise in price.
December 04, 2020, 05:40:06 AM
As far as I understand,
(1) if investors are moving out their funds to their personal wallet - bullish sign because they want to hold.
(2) if investors are moving out their funds to exchanges - bearish sign as they most likely to liquidate their bitcoin.
(1) if investors are moving out their funds to their personal wallet - bullish sign because they want to hold.
(2) if investors are moving out their funds to exchanges - bearish sign as they most likely to liquidate their bitcoin.
December 04, 2020, 04:07:07 AM
It looks like we may see some big movements since 185 600 bitcoins ($3.6B) were transfered on blockchain from the addresses that hadn't been touched for 12 months. In my opinion it's a positive sign because there are a lot of positive news for Bitcoin with many big wallets entering the market, it could be them too who moved bitcoins from long-term storage. What do you think?
https://cointelegraph.com/news/3-6-billion-worth-of-bitcoin-coaxed-from-long-term-storage-by-november-rally
https://cointelegraph.com/news/3-6-billion-worth-of-bitcoin-coaxed-from-long-term-storage-by-november-rally
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