Bitcoin is traded every second of the 24 hours across multiple platforms so it probably won't make many people worry about a potential drop or price correction. After all we never know if it belongs to the whale or belongs to the exchange, but we only know that there is a transaction being sent from the wallet to the exchange.
I'm not sure the 5000 bitcoin belong to the whale, I suspect it belongs to an exchange although there are always other possibilities behind it. One of them has to be correct, but it's certainly stupid to send 5000 bitcoin in one transaction to a centralized exchange because doing so could cause the market to go into a correction.
Topic: A bitcoin whale is ready to sell 5000 Bitcoins or already sold. (Read 599 times)
October 01, 2022, 12:39:34 PM
With the market at its worst I don’t think it’s big deal for someone to make moves here and there. This could be cheap transaction for someone, and someone might be liquidating because they need bucks in real world. It could be that someone has offered bit more dollar per sats as compared to the current market and cracking the deal somewhere in china or outside it. There are endless possibilities for this transaction or any transaction that’s in bulk sell off. I think we should take it easily since it does not matter to market anyways. There could be hundreds or more transactions like these which may be unnoticed.
October 01, 2022, 10:12:08 AM
I'm also not sure what happened, it also seems impossible for one person to deposit 5000 btc in 1 transaction. As far as I can see it probably has something to do with the kraken exchange and it was done by an important person on the platform.
It's not impossible for a user to deposit specially if they have higher limits of an account on the said exchange and 5000 BTC in 1 transaction was just small compare to this 160k+ BTC that has been moved in a single transaction. That's a lot of money though, but if the user want to withdraw it, it will take a lot of time until it max out. 
October 01, 2022, 09:49:21 AM
There are still many transactions that are bigger than what you mentioned, even transactions above 5,000 BTC often go out of private Wallet to Wallet exchange. they just want to influence the market with some big deals but some of those deals are not actually sold.
Take a look at the updated transactions on the Telegram Bot Whale Allert, there will be updated transactions available. Don't panic easily with some big deal notifications, they (whales) are just playing with your psychology.
Take a look at the updated transactions on the Telegram Bot Whale Allert, there will be updated transactions available. Don't panic easily with some big deal notifications, they (whales) are just playing with your psychology.
October 01, 2022, 09:41:13 AM
This is another one of those FUD threads.
Here's the previous one: https://bitcointalksearch.org/topic/5000-btc-from-satoshi-era-wallet-moved-5411713
The answer is again:
-You don't know if the coins were sold or just transferred.
-Not many people choose to sell thousands of bitcoin on centralized exchanges especially old bitcoins held for many years.
-Nobody cares!. People buy and sell every single day. If you do this at a 70% discount and yearly lows, you're a fool.
Here's the previous one: https://bitcointalksearch.org/topic/5000-btc-from-satoshi-era-wallet-moved-5411713
The answer is again:
-You don't know if the coins were sold or just transferred.
-Not many people choose to sell thousands of bitcoin on centralized exchanges especially old bitcoins held for many years.
-Nobody cares!. People buy and sell every single day. If you do this at a 70% discount and yearly lows, you're a fool.
That makes sense. Why would anyone sell their coins at such cheap prices when they know that the ATH is way ahead.
Unless they know something that we don't they won't sell their coins.
There are only two reasons I can think of anybody would sell their coins at such low price.
Either they anticipate a higher sell off or are in urgent need of big money.
October 01, 2022, 09:27:18 AM
This is not the first time to see a big transaction like this, as a bitcoin whale, which if not transfer from one wallet to another wallet the person made, his a fool, because selling off such quantity of bitcoin, soon or later he may re-grate it, if he did not buy back as soon as possible. Therefore, Bitcoin has come to stay in the ecosystem as a means of digital payment and many more in the cryptocurrency industries.
October 01, 2022, 08:40:10 AM
Let's say already sold but this is not a big deal, thousands of Bitcoins were traded everyday on all across the exchanges and the price can be manipulated only if the trade was made a very low price than market price for very slight movement in the natural market movements.
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October 01, 2022, 07:59:36 AM
Better not to worry too much and see what happens in the market later. And if the whale sells its bitcoins for 5k bitcoins and the market moves downwards, that would be a good time to buy bitcoins because the price will go down. But if you panicked thinking you were too late to sell it now, you're mistaken because the price of bitcoin will increase again. And if you sell it right away when the price goes up, you'll regret it when you find out the price has started to increase again. So be patient and stay prepared for all that could happen.
September 30, 2022, 02:39:44 PM
Someone transferred his 5000 bitcoin from his personal address. how can you sure he / she sold his bitcoin ? i don’t think someome can deposit his 5000 bitcoin in one transcation in centralized exchange . and all centralized exchange ask kyc verification for deposit & withdraw largest amount and if someone pass kyc on centralized exchange with his/her NID/Pasport or Driving licence then he/she will get withdrawal limit 100 BTC in a day.. then why someone can deposit 5000 btc in one transcation on centralized exchange for sell his btc ?
I'm also not sure what happened, it also seems impossible for one person to deposit 5000 btc in 1 transaction. As far as I can see it probably has something to do with the kraken exchange and it was done by an important person on the platform.
September 30, 2022, 06:55:48 AM
I wonder if he is afraid that his acc can be blocked? Or it is a person who definitely has contacts inside the exchange.
September 06, 2022, 06:28:59 AM
Someone transferred his 5000 bitcoin from his personal address. how can you sure he / she sold his bitcoin ? i don’t think someome can deposit his 5000 bitcoin in one transcation in centralized exchange . and all centralized exchange ask kyc verification for deposit & withdraw largest amount and if someone pass kyc on centralized exchange with his/her NID/Pasport or Driving licence then he/she will get withdrawal limit 100 BTC in a day.. then why someone can deposit 5000 btc in one transcation on centralized exchange for sell his btc ?
September 06, 2022, 06:16:29 AM
OMG how scary. $100 million dollars sent to Kraken, I bet their orderbook is going to get eaten up and price will crash everywhere.
And omg how stupid of someone to send something like that to an exchange, much risky, how dare them!
Anyway, past 24 hours transaction volume: 5 Million BTC.
Past 24 hours trading volume: 1.6 Million BTC
Remind me again why 5000 BTC is a big deal?
And omg how stupid of someone to send something like that to an exchange, much risky, how dare them!
Anyway, past 24 hours transaction volume: 5 Million BTC.
Past 24 hours trading volume: 1.6 Million BTC
Remind me again why 5000 BTC is a big deal?
September 06, 2022, 05:28:25 AM
I don't think the 5000 bitcoins can have that much impact on the price of Bitcoin considering the Bitcoin daily trading volume, and not forget to mention the fact that we are already in the bear market where a lot of weak hands will Panic and sell, but that is not a good decision any ways to sale when the price is low such as this will only lead to loses.
I don't know where this selling may come but one thing for sure this will come to even bad market as we are still in fud now and bearish market.
September 06, 2022, 04:59:37 AM
I don't think the 5000 bitcoins can have that much impact on the price of Bitcoin considering the Bitcoin daily trading volume, and not forget to mention the fact that we are already in the bear market where a lot of weak hands will Panic and sell, but that is not a good decision any ways to sale when the price is low such as this will only lead to loses.
Not unless the owner dumps the 5000 BTC on spot in one go, which shouldn't be the case if he/she has half of a brain. It's either going to be done through TWAP, or through OTC; whereas both options should significantly decrease the sell offer's effects on the market.
September 06, 2022, 03:48:59 AM
Regardless if it was just an exchange or maybe actually a real person, it doesn't matter. Everyone has every right to buy and sell their bitcoin at whatever price they want. It's literally none of our business.
you are right. but it is just that if such a huge amount of Bitcoins gets sold suddenly. it'll possible impact on entire bitcoin market and its price and other bitcoin holders and investors would possible be affected too.that's why wnenever such large Bitcoin transaction or sales happen. everyone start getting concerned.
This is a large amount of bitcoin, not a small amount, if sold at the same time, it will certainly have an impact on the price of bitcoin.
Selling a large amount of bitcoin to the market like this usually happens in 2 cases: some people will feel more fear and panic which can lead to dumping of their bitcoin but there will be many people eagerly waiting for this large amount of bitcoin to be sold which will cause dumping in the market and it is a good opportunity for them to accumulate bitcoins at bargain prices. Selling large amounts of bitcoin is not a bad thing, it is an opportunity.
September 06, 2022, 03:24:53 AM
Regardless if it was just an exchange or maybe actually a real person, it doesn't matter. Everyone has every right to buy and sell their bitcoin at whatever price they want. It's literally none of our business.
you are right. but it is just that if such a huge amount of Bitcoins gets sold suddenly. it'll possible impact on entire bitcoin market and its price and other bitcoin holders and investors would possible be affected too.that's why wnenever such large Bitcoin transaction or sales happen. everyone start getting concerned.
September 06, 2022, 02:44:02 AM
If you regularly follow whale tracker account (s) on Twitter you would observe big coin moves (not only Bitcoin even) happen every other day. Its definitely hard to be sure who owns these coins and what exactly is their plan/end game there. I feel like someone who didn't sell for years would only use these Bitcoins (or invest) but not sell. Its definitely big move for network but yet still its not something catastrophic.
September 06, 2022, 02:25:50 AM
Regardless if it was just an exchange or maybe actually a real person, it doesn't matter. Everyone has every right to buy and sell their bitcoin at whatever price they want. It's literally none of our business.
you are right. but it is just that if such a huge amount of Bitcoins gets sold suddenly. it'll possible impact on entire bitcoin market and its price and other bitcoin holders and investors would possible be affected too.that's why wnenever such large Bitcoin transaction or sell happen. everyone start getting concerned.
September 06, 2022, 01:34:09 AM
A Bitcoin Whale address which created in 2013 (18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i) has transferred all of its bitcoins approximately 5,000 BTC at 04:50:38 on Sep 5 (UTC+8) to Kraken exchange, worth of approximately $100 million. The earliest recorded transaction of this address was in December 2013, and the last one was in May 2021.
That is crazy, why would you be selling 5000 BTC right now? This doesn't really make sense to me. The bitcoin price has been hovering between the 20-25k USD barrier for months now, nothing really changed except that the price dropped below 20k again. It doesn't really seem like the time to panic and sell all the coins at once. I mean if you sit out the bear market for so long, why give into the selling pressure now? If he needs some money quickly than he could sell only a few coins to cover his cost, but selling all is a bit excessive. He is missing out on so much potential profit once the Bitcoin price recovers. In my opinion the time to sell this year was when the Russia - Ukraine war broke out, you either believed the world is going to go into a big crisis or will recover soon again. If you held your coins for 6 months now already it seems way too late to sell now. But then again if you have the BTC since 2013 you are already made so much profit that a 100m USD payout will set you for live.
September 06, 2022, 01:18:00 AM
Exactly. Not all are guaranteed to sell their Bitcoins once transferred to the exchange, no one can know here except for the exchange itself.
Some could be only a FUD or trying to manipulate the market.
Another thing is maybe this is just for the show of the owner of the wallet like trying to manipulate the market. Some also use exchanges to hold their Bitcoins but that kind of amount seems too much to hold on exchange. We'll never know.
Some could be only a FUD or trying to manipulate the market.
Another thing is maybe this is just for the show of the owner of the wallet like trying to manipulate the market. Some also use exchanges to hold their Bitcoins but that kind of amount seems too much to hold on exchange. We'll never know.
Sending such a large amount to the exchange for storage is very stupid, these are too big risks. Even if this is agreed with the exchange for the purpose of manipulation, it is still too large an amount to be sent anywhere from your address.
And I can't believe that someone decided to sell bitcoins now that the price has dropped so much, it just doesn't make sense.
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