No one can stop anyone from dumping their coins. What I don't understand is why the hell is he dumping it at this rate? What causes him to sell that amount as this time? Whales usually are not affected by negative news, actually they love when the price goes down because they can get it cheap and they can buy in volumes. I guess this is one of the reasons why the price immediately broke the $10K resistance and I'm sure it has already cause panic around the ecosystem. So expect the price to go even further in the next coming days. But based on bitcoin previous records, this kind of dip is temporary and what follows is a good price increase or probably another bull run. Let's see how it goes. Another critical and nail biting week for all of us.
So this was the news I was searching for. I saw prices declining by 8% for last 24 hours and saw no reason for this happening. Bitcoin being sold in such a huge quantity is the only reason behind it. Regarding him selling at these prices levels, there can be a number of reasons behind it. He might be one of the early investors and had invested in the range of $100-$300. Otherwise, he might be getting good returns with alt coins and thus is moving more funds there.
