Well, it could be a lot of reasons! Perhaps they withdraw their large stash due to..
- Security reasons. Regardless how mainstream the exchange is, they are not exempted to hacking and maybe they came to realized that anytime they could loss their money.
- Change of exchange.
- That's their crypto and they can do whatever they want.
At the end of the day, their reason varies depending on their circumstances.
Topic: When they does push the button of Bullrun? - page 2. (Read 288 times)
what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.
From time to time we see a centralized exchange gets hacked or scams people and runs away in which case some people lose their bitcoins. News of that reaching the media creates a wave of other people withdrawing their coins from exchanges to their own wallets.That's mainly what we've been seeing. It has nothing to do with bullrun, etc.
If anything more coins should move to exchanges during bullruns since trading volume goes up (more people trade) hence more coins have to be there.
After all it's just your assumption for saying the funds came from the exchange and it's transferred to unknown wallet, there's a chance if the exchange send to centralized project or other exchange where they're don't have full control over their coins.
But it doesn't mean huge transfer is a sign of bullrun, there's no correlation because everyday Bitcoin is trade for around $20 Billions which is really high regardless it's bullrun or bear market.
But it doesn't mean huge transfer is a sign of bullrun, there's no correlation because everyday Bitcoin is trade for around $20 Billions which is really high regardless it's bullrun or bear market.
what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.
It just means that someone moved funds from an exchange to a (probably) non-custodial wallet. That's just it. Not sure what this has anything to do with a bull run. Always remember that the person that has access to the withdrawn coins can just as easily send the funds back to the exchange.
what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.
Jump to: