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 602 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.
September 06, 2022, 01:11:15 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
though this is a big amount , yet this post is nothing but just a pure FUD spreading for me.
September 06, 2022, 12:13:56 AM
That wallet could be an exchange got wallet holding the Bitcoin since 2013 and making transfer to the exchange is not a guarantee that the bitcoins are about to be plugged into the market.
We are already used to thos kinds of news and speculations, and one of the questions you should ask yourself is, why haven't the 5,000 Bitcoins been sold when the price was 60k and why wait till when the price is below 20,000 before making the sale attempt? As far as a know this kind of huge Bitcoin movement is not new to us else should get used to them and stop creating news each time there is a Bitcoin movement between wallets.
We are already used to thos kinds of news and speculations, and one of the questions you should ask yourself is, why haven't the 5,000 Bitcoins been sold when the price was 60k and why wait till when the price is below 20,000 before making the sale attempt? As far as a know this kind of huge Bitcoin movement is not new to us else should get used to them and stop creating news each time there is a Bitcoin movement between wallets.
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September 05, 2022, 10:43:21 PM
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.
i think what he meant to say is that the price of bitcoin might get dumped a little if that guy or that company tried to sell it all at once, maybe he just wanted to warn us about it, $100 million dollars is quite a lot, if dumped it we'll see a decrease in the price of bitcoin and therefore in the whole market.100 million would be huge for retail investors but still not a huge amount of bitcoin if you compare it to the bitcoins Tesla owns. Even if Tesla sold most of its bitcoin to the market and they announced it then. Then you can also see it has an effect on the bitcoin price in the market, but it doesn't last and bitcoin recovers after that.
They are just like us, they are investors so they have the right to sell their bitcoins and this is completely normal. Don't exaggerate the news and even if they sell all that bitcoin, there will be buyers and it won't increase the bitcoin supply either. It's not as scary as people think.
September 05, 2022, 10:14:50 PM
i think what he meant to say is that the price of bitcoin might get dumped a little if that guy or that company tried to sell it all at once, maybe he just wanted to warn us about it, $100 million dollars is quite a lot, if dumped it we'll see a decrease in the price of bitcoin and therefore in the whole market.
And yet, it still doesn't matter. Even if it actually is going to be sold, this isn't the first time and this definitely isn't the last time such an amount of coins will be sold. Yet another nothingburger in the long run.
September 05, 2022, 05:55:59 PM
Nice FUD there, and I think this the problem right now, everyone is looking for this old and big holding of bitcoins and monitoring it to the max and see where and when it will move. And then created this thread and show it publicly, Lol, very lame attempt.
For sure majority of us here knows what the narrative behind this, but the good thing is that nobody cares this 2022. We're getting tired of this rinse and repeat kinda of thread in the last couple of months. "This and that whale move xxxxxx amount of bitcoin". Whatever!!!.
For sure majority of us here knows what the narrative behind this, but the good thing is that nobody cares this 2022. We're getting tired of this rinse and repeat kinda of thread in the last couple of months. "This and that whale move xxxxxx amount of bitcoin". Whatever!!!.
September 05, 2022, 05:43:30 PM
You have to wonder how many coins this person has overall. Im kind of doubting that this is their only wallet. Holding ever since 2013 shows a ton of patience / diamond hand, plus is nearly 100 million, I sure would be selling all of it when bitcoin is just in the 20k range.
September 05, 2022, 05:38:13 PM
The answer is again:
-You don't know if the coins were sold or just transferred.
(...)
Exactly. Not all are guaranteed to sell their Bitcoins once transferred to the exchange, no one can know here except for the exchange itself.-You don't know if the coins were sold or just transferred.
(...)
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.
September 05, 2022, 04:45:21 PM
There are a lot of speculations on all these transfers and nothing yiu say could be very accurate but one thing is for sure,
Which ever the effect might be, the market would always aborb and recover. Maybe no one lost, as its a coin that have been hold successfully for almost a decade and the holder has deemed it fit to take profit thereby, giving others (buyers) the opportunity to come into crypto and start there journey.
In the end, it is to be said that this is cryptos and these things happen and the market accommodates its all.
Which ever the effect might be, the market would always aborb and recover. Maybe no one lost, as its a coin that have been hold successfully for almost a decade and the holder has deemed it fit to take profit thereby, giving others (buyers) the opportunity to come into crypto and start there journey.
In the end, it is to be said that this is cryptos and these things happen and the market accommodates its all.
September 05, 2022, 04:26:14 PM
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.
So what?Its their coins and they do have the full rights whether they would be gonna selling their coins that they've been holding for too long or would just decide for it to be holded up even more
but to presume that it was sent on Kraken then it is likely that it would be sold on but well its none of our business since its his coins and needing to free up some load.
It could really give out that impact but considering on how this market behaves or works then i wont really be stressing out myself on this particular thing.
If it dips then better have the opportunity to get in.
September 05, 2022, 02:15:25 PM
When this kind of news spread then I assume FUDDERS working behind that. Because we don't know exactly the reality behind of scenes. It's quite impossible to trace whether wallet owners will be sold or want to cut the chain links. I am wondering who is stupid who didn't sell in ATH and wants to sell now. Or who knows if whales manipulating markets to accumulate more at a cheap price. Everything is possible in cryptocurrency.
September 05, 2022, 01:56:05 PM
How long does it take to sell 5000 BTC? according to OP's post, the last transaction was in May 2021 and till now he/she hasn't sold. Why is the btc still in the wallet when it has been moved a year ago to the exchange?
Or the btc in question belongs to kraken exchange and they decided to move it from their old wallet to the exchange for reasons best known to them.
Or the btc in question belongs to kraken exchange and they decided to move it from their old wallet to the exchange for reasons best known to them.
September 05, 2022, 01:40:30 PM
each exchange has its own rules for example KYC of course this big whale is not anonymous either if indeed he is going to sell 5k BTC , even though he sells i don't think the bitcoin price will drop drastically because people will buy it at the current price or he might just move to save it somewhere
September 05, 2022, 11:02:34 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.
I don't think the receiver's bank can handle $100 million deposit either, that raises a lot of red flags specially if it is one of those banks that are already against bitcoin and shut down customers' accounts.Either there have been more of these FUD threads lately or I am just noticing them more.
This type of FUD increases in numbers during the times when price is either falling or at least is not rising. Otherwise there is a significant decrease (even drop to zero) of this type of FUD when price is rising. For example I haven't seen any FUD posts about the ~4900 transactions that transferred between 10k to 63.3k bitcoins (or $470 million to $1.5 billion) during the weeks when price was climbing up from $40k to $69k (between 2021-09-29 and 2021-11-10).
https://blockchair.com/bitcoin/transactions?s=output_total(desc)&q=time(2021-09-29..2021-11-10),output_total(1000000000000..)#f=time,output_total,output_total_usd,hash
September 05, 2022, 10:02:22 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.
This is true. There’s a possibility too that this Bitcoin belongs to a project treasury like what Luna do when UST under attack. I think a single whale will not put all his money on exchange at a single deposit since it will be risky for him to do that. It’s more believable to assume that this money belongs to a project or group that involves on investment.
September 05, 2022, 09:01:28 AM
Why does this need a thread?
Transactions are available on the public ledger, but this does not mean every transaction above a certain amount should be scrutinized.
People can choose to trade or move their coins to a different storage form when they need to
Transactions are available on the public ledger, but this does not mean every transaction above a certain amount should be scrutinized.
People can choose to trade or move their coins to a different storage form when they need to
September 05, 2022, 07:07:07 AM
@Op, there are millions of crytocurrency dollars that are deposited to the centralized exchange every day, and you only speculate this one?
Besides, if thousands of bitcoin belong to someone, I doubt that he will throw away at once because the volume of demand is too small even as a binance. Maybe there are only requests above thousands of units at prices below @$100. And even then the whales will not be as stupid as being thought.
Besides, if thousands of bitcoin belong to someone, I doubt that he will throw away at once because the volume of demand is too small even as a binance. Maybe there are only requests above thousands of units at prices below @$100. And even then the whales will not be as stupid as being thought.
September 05, 2022, 06:28:32 AM
Either there have been more of these FUD threads lately or I am just noticing them more.
But as others have said it's 100% not important. The average daily movement of BTC through exchanges is on the order of 1 million BTC a day. 5000 or 10000 being dumped in if it really does happen is not that big a number. And we don't know why, it's happening that is another big reason. And we don't know where that BTC came from. Fine thiis TX was to Kraken, could it be Jesse Powell's coins and he was just sending them to the exchange to store them there? We just don't know.
-Dave
But as others have said it's 100% not important. The average daily movement of BTC through exchanges is on the order of 1 million BTC a day. 5000 or 10000 being dumped in if it really does happen is not that big a number. And we don't know why, it's happening that is another big reason. And we don't know where that BTC came from. Fine thiis TX was to Kraken, could it be Jesse Powell's coins and he was just sending them to the exchange to store them there? We just don't know.
-Dave
September 05, 2022, 05:12:08 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.
And besides, I believe that this is of concern to short-termism. I think about holding BTC at least until 2030. If someone sells a lot of bitcoins today it doesn't affect me.
September 05, 2022, 04:48:15 AM
Trying to scare some newbies, eh?
What you posted is no useful information: it's data available to whoever wants to read it and everybody can transfer his funds wherever he wants. And we should not care.
What you posted is FUD: the numbers can be seen as big and scary by the inexperienced, but it's actually just a fraction of the coins sold and bought on a daily basis. Even more, somebody with such amounts of coins is usually not so stupid to break the price and sell at a loss.
Still, we're in bear market, so the price can still go lower (or higher!). Traders have to stay alert, HODLers can buy more or just enjoy the ride.
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.
You should take another look: https://mempool.space/tx/4e51e9c29620f676e49e4a3670be158fa626866c032b46a2a2ee254c861604c6
Even more, please don't quote such big images at full size. You can edit the img tag and change the height to make it smaller.
September 05, 2022, 04:16:26 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.
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September 05, 2022, 03:18:42 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.
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.
September 05, 2022, 03:15:38 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.
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. September 05, 2022, 03:13:33 AM
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.
September 05, 2022, 03:07:53 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.
September 05, 2022, 02:39:23 AM
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.
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.
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
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