The same coins are being moved around a lot in a bunch of different blocks. Here's a few more, with larger outputs
https://blockchain.info/block-index/1008985
https://blockchain.info/block-index/1008976
Could be money laundering or some big player moving things around to manipulate the market. Who knows.
Topic: #394904 -- A Fun Block (Read 403 times)
That is a seriously large amount of Bitcoin to be transacted in just 1 block. I have never seen a block with this transaction volume.
Someone's a lucky, lucky person...like winning the lotto to have that much 'coin moving around!
If you were a pro whale your coins would be moving around stealthily. I've seen loadsa posts panicking about dumps when big coin numbers move. Was there ever a subsequent dump? Nope.
Big coin numbers moving isn't indication of a dump.
The characteristics of how they move however may be something a clever program that monitors the blockchain could detect, and it would be easy to test the accuracy of such a program on historic data.
Stealthily moving coins still requires transactions in the blockchain.
The idea isn't to panic. The idea is to sell some before other people panic when the dump happens and then buy back at say 5% lower value, increasing the coins you are holding for free.
I suspect such a thing may be possible. And some traders may already be doing it.
Any such program, like I said, should be easy to test on historic data.
Earlier today I saw the same thing happening.
Worth almost a billion US$
Worth almost a billion US$
If you were a pro whale your coins would be moving around stealthily. I've seen loadsa posts panicking about dumps when big coin numbers move. Was there ever a subsequent dump? Nope.
I suspect that by watching the blockchain, one may be able to predict when whales are moving coins in preparation for a dump.
I have not started analyzing it yet however.
Blocks like that one though I suspect are an exchange moving coins around rather than a user.
But that's just a guess.
I have not started analyzing it yet however.
Blocks like that one though I suspect are an exchange moving coins around rather than a user.
But that's just a guess.
...
In my quest to educate myself further in Bitcoinistan, I on occasion just look at items at blockchain.info that may be of interest. Well, I saw Block 394904 had an "Output Total" of over $2,000,000,000 (billion). Yes, that includes "change" (etc.), but it IS the most I have seen handled by a single block.
Other factoids:
Estimated Transaction Volume: approx. $2.4 million
Estimated Fees: $254 (so, OK, BTCC will not get rich off of winning that block).
Most of those larger payments were for over $1000 (ie, not change), and there were maybe some 400 of them...
In my quest to educate myself further in Bitcoinistan, I on occasion just look at items at blockchain.info that may be of interest. Well, I saw Block 394904 had an "Output Total" of over $2,000,000,000 (billion). Yes, that includes "change" (etc.), but it IS the most I have seen handled by a single block.
Other factoids:
Estimated Transaction Volume: approx. $2.4 million
Estimated Fees: $254 (so, OK, BTCC will not get rich off of winning that block).
Most of those larger payments were for over $1000 (ie, not change), and there were maybe some 400 of them...
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