Bitcoin Forum

About 18,000 Bitcoins have recently been ported into a wallet supposedly affiliated with BitMEX, a major electronic money trading platform that allows margin trading. It is estimated to be over $ 114 million, according to data from CryptoCompare. What is going to happen? :o :o :o :o

The whale is probably going to trade with 100X leverage and lose them all. Or maybe it's just Bitmex moving their money from a wallet to another.

Maybe a new dump will happen very soon :). Maybe the whales still don't get enough and they still wanna collect more cryptocurrency from panic sellers and the best way to do that is publishing bad news or dumping price :). I don't know why so many traders still fall into this trap although the whales just use the same trap all the time :).

Nothing happen, even i remember there was a big whale that has been dumping more than 50k bitcoin just in a few days. The market gives a lot of reaction about that to buy more and more. I'm not surprised about that. Just try to keep buy more and more bitcoin.

I think this person will use that Bitcoin to trade BTC by margin and make open potition long, because that whale predicted the price of BTC will going up after Bitcoin ETF approved. By use this amount of BTC that whale will earn alot of money, and if that whale want to sell their BTC , should be send to crypto exchange like Binance and not to Bitmex.

I agree with your correction. The whale will use this 18000 Bitcoins for trade Bitcoin for upcoming ETF approval news.

Market signals are going up. Is this going to be a good sign? Need more time to see the effect or disaster

maybe they just want to buy the dip or they will try to manipulate the market condition 18000 btcs are pretty much significant amount at this time if  they want to dump the market more

Everything is okay, the market is rising again. There are not many positive moves, or have massively sold off BTC or manipulated alcoin. This is really hard to guess

Well the whales are in action, seems like this. They will probably end up losing the money too. Let;s just hope this will not end in something bad again.

i don't think this really matter. market condition is quite positive now. market will goes up soon i believe.

Maybe we can see a major dump of coins there so better watch out what it could be and be ready to buy when a major dumps happen and then hold it because there is a big possibility that it would moon as soon as the owner of that BTC wants to get profit....

Depends on who is investing. I think the crypto market needs more institutional investors that are ready to invest in large sum and hold longterm for cryptocurrency to be stable and lucrative again.

i think whale apply a trick after the news of BTC etf decision for his own profit. i don't think market will affected by this.

Can you post the link to your thread ? The link of btc transaction. For a new exchange, maybe it is just a wallet of bitmex itself ?
If a whales send a massive amount of bitcoin, lets hope they don't dump it on the market with a cheap price.

I don't think such whale will lose it, seriously I know what is going to happen, he will make others lose their coins. He does not need to trade all as well.

Sending 18k bitcoin or more to an exchange doesn't really matter but you know what when it matters?

When that owner starts to dump it, there are people who are monitoring those trades and will do the same thing which will make the market in dumping season for awhile.

Wow is a big amount, maybe it's that these guys are going to do something very bad again? Maybe they will crash the market again? Damn, how tired I am of seeing the fall or side movements of the bikkin constantly, how I got sick of it, but still we will hold on and we will do it.

They have been sending it to the exchange site to liquidate their bitcoin. But this thread is almost a month and then it doesn't make sense to talking about that while all of their bitcoin have sold to the market.
Remember EOS has been dumping more than 1.5 millios ether and it's hundred thousand of bitcoin.

I really think it is just a slight amount that is why there are no sudden movement involve, I really think they are assuming a big dump when the price was going back up again, As we can see the price of bitcoin is slowly increasing again and I think this is another start of whales moving their bitcoin little by little and when the time come to dump again when the price is enough for them to profit.

Hopefully the "whale" is wise enough and won't sell all of them at once.

If he will, the price for BTC on Bitmex will definitely go down extremely fast. Not sure if other exchanges will be affected as this is only 1% of the total BTC supply.

Is this is bad sign for the market? but i have a confusion. market is improving now..maynot it will go down.