A bitcoin whale is ready to sell 5000 Bitcoins or already sold. - page 3.

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Quote from: Cryptornd on September 05, 2022, 02:19:08 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.

And what makes you have to reveal this? are you afraid of the decline that could still occur in Bitcoin? Or are you surprised that a whale had 5,000 BTC in his wallet at that time?
Because I don't find anything unique in this case and also see it as a normal thing because someone who can only have 5,000 BTC in his wallet and if it's been sold, then you don't have to worry about what the pope has done. But if it still hasn't been sold, I don't think the whale will immediately sell everything at such a low price as it is now.

spiker777

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Quote from: Cryptornd on September 05, 2022, 02:19:08 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.

check more details

https://www.oklink.com/zh-cn/btc/address/18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i

this transaction is more than a year ago. the whale probably have sold them already or used exchange to transfer them to another wallet so he can not be traced but one thing is certain that he'll not be keeping that much btc in an exchange account for this long.

Quote from: NotATether on September 05, 2022, 02:37:03 AM

And how can we be sure that the source isn't also an exchange address? Because there's no way Kraken could handle $100M deposits without intensive KYC.

yeah but it is not such a big deal to do maximum level KYC if someone really want to do it they can do it.

Dunamisx

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This is not the first time we are seing the moves from whales, but according to what NotATether said, how are we going to be sure of the real scenario not being linked to the exchange itself, because this is a centralized exchange and what else could be expected from such than having gone through a thorough KYC procedures else they are the ones really in charge of it, but i believe if it were to be from any other source aside the exchange then i think they would have preferred going decentralized than getting involved in a centralized mode which could renders them many restrictions from accessing the fund.

darkangel11

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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.

blockman

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IMHO, it's no longer a big thing if a whale is about to sell or sends tons of bitcoins into exchanges. There have been monitoring apps and accounts that follows this specific action from the whales. But for most traders, this could be a big thing as it looks like an indicator as there's a possible sell-off that can happen at any time to affect the price. Whoever may be the owner of that address, deserves the profit he's about to take, after almost a decade of holding it.

NotATether

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And how can we be sure that the source isn't also an exchange address? Because there's no way Kraken could handle $100M deposits without intensive KYC.

Cryptornd

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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.

check more details

https://www.oklink.com/zh-cn/btc/address/18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i

Topic: A bitcoin whale is ready to sell 5000 Bitcoins or already sold. - page 3. (Read 599 times)