Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.
The market is in chaos today as Bitcoin experienced another double-digit drop. Just a week ago, Bitcoin was trading at $8,700 — it is now trading at around $7,100. For the first time since May 2019, the market capitalization of the entire cryptocurrency market is under $200B. According to the Crypto Greed & Fear Index, the current sentiment is one of ‘Extreme Fear.’Source link hereLook guys, I know how it feels when we are in a bloody market. Correct me if I’m wrong, but there will be two scenarios about this Bitcoin whale:
Scenario 1: He bought it at a higher price and withdrew it while Bitcoin is on a bloodbath.
Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.
If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!
such move will really pull the price down and make holders panic, any those scenario , people who where hoping to get the profit will panic and sold their bitcoins thats even gonna make the price lower
such result will make the whale happy because he/she will have the chance to bought the price at the lower rate and then start again the same process over and over again, this will also give negative impact
to the community which currently is already lost a lot , i know a lot of people already take big blow when they thought that hitting 13k usd dollar price will trigger to a higher price , and resulted the other way around
i just hope that this will be recovered , or be stable or else this will be a big setback