Bitcoin Forum

4,500 Bitcoin ($95,456,555)
aggregated inflows to Coinbase Pro. Big inflow into Coinbase Pro . Be careful now. could be a reason to a price pull back.  specially from Wallets which has more than 10k Btc And also with High CDD ( Coin days destroyed ) . it could means some of long term holders are selling Their Bitcoins.

Do not just post anything like this without any backing or any news backing it.

The price of bitcoin dipped further since weeks back, exchange inflow is normal because people wants to sell their bitcoin at the time.

Include the link and the time you are talking about that the amount was moved from a wallet to coinbase pro.

Hopefully they will sell so we can buy them cheap coins. In the long run bitcoin can only go one way, up. It is because of its deflationary nature. Those who are selling now will be sorry in a year or two. If they are selling for a profit though, I can't blame them. A man has to enjoy a lambo when he can. If they are selling for a loss though, their loss...

That's true. High cdd holders selling means they loss $0. But selling of  high cdd holders coins could be affect to market badly. will see. however this is a marathon .

If you are worried about 4500 old BTC (less then $100 million) being traded then you are a very skittish investor.

For all we know that person just moved it and put in a sell order @ $35000 and will keep an eye on it because they think in the next few weeks there will be a 50% bump in price.

Or they were worried about something else and moved it there to move it someplace else.

Or they want to have a bunch of liquid BTC so they can sell @ $22000 and buy back @ $20000 and sell again @ $22000 because they think that it's going to be cycling between the 2 for a while and want to keep making 8% to 10% during those cycles.

-Dave

sir , the main case i am talking about is not 4500 coins. the problem is about  high number of cdd. 4500 bitcoin is something to not care we all know that.

This amount may only dump one exchange, it is impossible to damage the marketcap and bitcoin volume as a whole. even, if this owner making an arbitrage to several exchanges, then there is no significant decrease in each exchange. So, there's nothing to be afraid of with the transfer, this is small amount for current market. (IMO)

Bitcoin currently has a trading volume of over $17 billion, someone moving around 4500BTC to an exchange is not reason enough to declare a warning for other Bitcoin users. The market can take such liquidity without a significant impact in the price, especially if it's done OTC.

Coin days destroyed, could factor in, if this sort of transaction occurs on a large scale and could indicate lots of old users are liquidating, but an isolated case would not much affect trader sentiments.

I did not understand what is strange about it or what calls for dread and fear? Four thousand and five bitcoins do not represent anything in the daily trading volumes and therefore will not change the price except by ten percentage points, which are easily liquidated daily due to the aspects of supply and demand.
If we're talking about 45,000BTC or even that Luna crafted, which might represent 80,000BTC, then you'd expect 1/20 of the previous change to happen (assuming everything goes unplanned).

Don't worry too much because that 4,500 Bitcoin is nothing if you'll compare it to other transactions that were in and out in popular exchanges.

There are more huge Bitcoin transfers from exchange to unknown wallets or vice versa than the larger amount you posted.
Follow the Whale Alert Twitter (https://twitter.com/whale_alert/?lang=en) account and you will find out more Bitcoin transfers.  Recently transferred, 6,002 Bitcoin to Gemini exchange from an unknown wallet.

Just stay calm, though Bitcoin has struggled on pumping the price, at the end of the day, there will be another ATH again.

If this is all about CDD then that's the indicator that there is coming huge price dump?

How about those dormant Bitcoin are Bitcoins owned by Coinbase pro? So there is also a big possibility that they know that there are coming huge buyers?

No one knows actually what will happen to Bitcoin price those metrics are inflows and outflows that you get from Glassnode/Cryptoquant is just a metric you don't even know if those coins are owned by exchanges and maybe they’re just preparing for the coming bull market.

If you look at whalesAlertBot (https://t.me/whalebotalerts) you will actually realize that transactions of bitcoin amounts with that amount are common every day. Even this morning, I saw even more bitcoins being sent from Gemini to privat wallet. which means whales finished buying or moving their bitcoins from the exchange to a private wallet.
an example of a recent transaction

6,002 BTC ($125,720,950) transfered from Gemini to Unknown
TX - link (https://www.blockchain.com/btc/tx/478b769900ec43bdab8bc06d62181a19654c712b0fe3f146cd08aa1356901168)

4,002 BTC ($82,864,290) transfered from Gemini to Unknown
TX - link (https://www.blockchain.com/btc/tx/faa8dbb9e54655eedfcbab5ca19a52af0834b9a9d5681edc56abccf222e12715).

6,002 BTC ($125,005,910) transfered from Gemini to Unknown
TX - link (https://www.blockchain.com/btc/tx/6d336333ea9283e0db873c15511edcbb8ed4e4cd9ce18548013a964254b76431)

this transaction happened in just a few hours back. you will find more in the future or in the last few hours longer. so just get used to it yourself.

don't panic because there are large amounts of btc sent from personal wallets to exchanges. because it turns out that many also send from the exchange to a personal wallet. but indeed this can be a sign of a price in the market. but still a thorough analysis from both sides.

Everyone has their timings, entries and exits where they will react. Why are you here? You also looking for profits right? So what’s wrong if that person is going to sell their coins when the bitcoin is pumping. Anyways if they are selling then someone will buy it so that equilibrium would be maintained ahead and someone other would be owner of such mega number of bitcoins. They will continue to hold ahead so that they can wait for another ATH. So just relax and sit back and watch the game here.

I've stopped looking at those whale wallet alerts, very rarely will it ever make you a profitable trade. Basically there are only 2 occasions where it was very profitable following those alerts and it was 2 weekends ago when bitcoin dumped to $17.5K and ETH to $885. And the hint was that during Saturday open there was lots of coins being sent to exchanges which was odd on a Saturday and a huge dump happened right after.

Second one was when that Shiba whale sent his Billions dollar worth of ShibaINU and everybody started dumping the coin as a result because he was going to start liquidating his holding. I think if you shorted there you would of never had it move against you and would be in great profit.

Other times it didn't mean anything when large wallets were moving around coins.

This is really ado about nothing.  There could many reasons reasons for this such as profit, margin call, altcoin buy opportunities, etc., not understanding the reason for the panic alarm.

In the first place dude, why don't you have any source link to make your topic will become true. Due if ever this is true, it will
be in favour to coinbase platform. It can also gain trust more  to other community here to their platform  once more.

However, for this moment there could be possible that there disadvantage and advantage for this matter anyway..

See, any amount of Bitcoin deposited to any exchange is not only for selling.
What if they are going to use it for Margin Trading and add that BTC as collateral to open a Long position?
I would say not to take the Crypto Twitter cons very seriously. Try using your own mind next time.
Not every deposit is for selling, what If they are willing to keep it in Exchange for some other reasons? :)

It doesn't really matter who is selling and how old are the coins. What matters is, as usual, the amount (well, the amount over time actually). And since the amount is not so big, it doesn't matter.
Even if it's old coins and you would say it adds up on top of the usual sales, it's not a big enough amount to matter.

I'll worry if those 4500 will be dumped and another huge quantity holder dumped. But checking out total volume on exchanges its like gonna pass through since volume isuch higher, if this is like 1milliom bitcoin then we can start worrying. Exchanges created a lot of volume more than that. Also who knows what it will be use for and not for selling anyway.

A move of that size would be another speculation instead of price in the first place, the OP didn't give any information about the purpose of the move. I've never heard of in history since the price was over $5k a whale selling thousands of bitcoins at once on the spot market because that's not the place to look for the best price.

Well, if it's on Coinbase Pro then we'll have that guess that it's bound to be traded and to be sold. Whether they'll sell it or let it just sit, well no one will sit their 4500 bitcoins on an exchange unless it's about to be sold. But no one can stop them if they want to sell that all at once and they've got profit from it. The bull market has been gone and these could have been made from there and has been on hold or they've bought that even less than the market price today when we're on the bear market of 2018 or even during the earlier years.

Trade can change people's lives. Many people have become millionaires by trading Binance Future and many people have suffered. But everyone should trade carefully.

Do not post any news without valid proof with source link. If you do it then it just seems unbelievable.
Bitcoin has stabilized at 20,000.  And trying to pump it.  I bought 1 bitcoin today.  And plan to hold longtime. But here you are talking about selling bitcoin he he.

With or without a link nothing significant will happen if someone sells 4500 BTC, just as nothing happened a week ago when someone was in a panic over a similar amount of 5000 BTC (https://bitcointalk.org/index.php?topic=5403731.0).


It’s rare to see someone admit such a thing, so even though I meant to congratulate you on that success - I looked at your post history and see that you borrowed as much as $14 000 to buy BTC. Now you not only owe the bank 10% interest, but you also owe it to your uncle, and we always say that it is not wise to borrow money for risky investments. In the long run, that investment is likely to pay off - but in the meantime, you will be living with debt in times of inflation and recession, not to mention how many will lose their jobs - I hope you won't be one of them.

Thanks for your alert. I think it doesn't matter because many investors are investing in Crypto in compliance with DCA, big companies are now investing in Bitcoin so it doesn't seem to be a big loss in the market.

Some are trying to bring down the FUD market. Besides the market is slowly recovering maybe not some big bad news in fact Bitcoin will see a new price record again.



This may be the reason Bitcoin breakdown the major support zone 20k to 19820$.

https://i.ibb.co/rfY22P8/Screenshot-2022-06-29-19-44-58-82-ee1cec40dcf6eb3919ecbfc5d87e6719.jpg

Maybe Bitcoin could come down further?

Aren't we planning on buying BTC during this bear market?  If this 4500 BTC crash the price isn't this advantageous to us?  We are able to buy BTC at a more discounted price.  At least to those who DCA this is another opportunity to lower their price buy average.  But I think this kind of movement is normal, I always see a whale message alert on my TG account, and most of them moved more BTC than this one.

Usually when people see funds moving to the exchange they do two things which are wrong in my opinion.

1) They do not buy at current low levels and wait for the dump to buy at even lower price

2) The short term holders sell their positions to buy back again at lower prices.

Bothe of these actions are risky and can lead to loss if the price do not dump.

I am not afraid of what will be the outcome but instead I am seeking for the effect because for sure it will make us rich in the future because you know it will be a cheap price and will stay for at least year long and then will pump.
I do and I will always do, actually i already did recently buying at 17k and waiting more for the dump if this can happen soon.

If calculated with today's transaction volume, it is equivalent to 0.18% and I'm not worried if everything is sold, and I'm sure not all are sold at 1 transaction, maybe this is from the developer who wants to pump coins and this is common.

Plus, the market is still above recent low price, even though there hasn't been that much improvement lately and the prices hasn't been that well, we have to accept the fact that it hasn't been doing that badly neither. This is why I believe that we should be happy about it, even after thousands of coins were sold, the market stood its ground and doing fine right now.

This means that we could end up with something that is profitable for all of us. That is why the best thing to do right now is stay back and do what we do best, and just hodl. There is a reason why "hodl" was invented in the crypto world and that is because we all know the value of hodling long term.

It's a mere .18% but it could make a market movement even if it's small addition to that is the panic that it could possibly do. I really don't know if that 4500 bitcoin deposited is true since I can't find an article or news about that. Though I agree that we should not be worried about it, I personally stacking up my wallet with BTC so if somehow this BTC where sold, There's a chance that I and we can buy bitcoin lower.

They bought it long ago and now want to sell it so just leave that person, I kinda don't care about the whales selling their Bitcoin since if someone else selling their Bitcoin there will be new investors willing to take that bitcoin at a discounted price. Rather than panicking because someone else selling a huge amount of Bitcoin just take the opportunity to buy the dip while it's available.

This isn’t a confirm news or source, it’s just people are assuming what we can see.
Moreover sending the coins to the wallet doesn’t mean all the long term traders have sold the coin. If they really had done that then we could have seen a huge price fall, but nothing serious has happened.
Moreover yesterday Night I can across a news that El Salvador bought 80 more Bitcoins. This is a good sign and this might now lead to the rise of Bitcoins again.
Let’s see what happens next.