The big fish transfer their property at BTC

[MrRacoon]

Two anonymous Bitcoin big fish sent a total of 31,099 BTCs worth $492 million for a total fee of about $46. The transfers were first noticed by the automated Block Bot chain monitoring tool.

According to the latest block explorer data, the first whale transferred 17,187 BTCs worth $268 million to two separate addresses. One wallet received 13 912 BTC. Another 3,275 BTC.

BitInfoCharts shows that the first whale created its first portfolio on November 11. It immediately became the 42nd "richest" such wallet in the world.

The second whale transferred 13,912 BTC worth 224 million USD to two separate addresses. Looking at the block explorer's data, one wallet received 10,637 BTC. The other 3,275 BTC.

Source: Bitcoin Block Bot

[btcsmlcmnr]

It is nonsense if you know

The outflow and inflow of bitcoin out and in exchanges are good proof of more holders in latest weeks. It is the biggest outflow from exchanges since 2017, 3 years ago.

#Bitcoin liquidity is vanishing off of exchanges.

Transfer volume to private wallets hasn't been this high since early 2017.

Welcome to the sell side liquidity crisis.

[Gozie51]

Inflow and outflow of bitcoin is just normal IMO. It means more transactions and importance are increasing for bitcoin. If people are willing to buy such volume, it is because the value of bitcoin is increasing and scarcity is created. We need to remember bitcoin is limited with 21,000 maximum supply.

[btcsmlcmnr]

Inflow and outflow of bitcoin is just normal IMO. It means more transactions and importance are increasing for bitcoin.

Outflow increased, inflow decreased. How did you see they are normal?

If people are willing to buy such volume, it is because the value of bitcoin is increasing and scarcity is created.

None of us want to buy volume and even if anyone of us want we can not buy volume.

We need to remember bitcoin is limited with 21,000 maximum supply.

You need to read and remember bitcoin has 21,000,000,000 BTC as total supply. https://coinmarketcap.com/currencies/bitcoin/

[mindrust]

It is nonsense if you know

The outflow and inflow of bitcoin out and in exchanges are good proof of more holders in latest weeks. It is the biggest outflow from exchanges since 2017, 3 years ago.

#Bitcoin liquidity is vanishing off of exchanges.

Transfer volume to private wallets hasn't been this high since early 2017.

Welcome to the sell side liquidity crisis.

I don't understand this. Is this going to affect bitcoin prices for good or bad? If I didn't get this wrong then it means it will go more upwards in the upcoming days... amirite?

[Mpamaegbu]

Well, I don't see anything untoward in what the whales have done. The transferred Bitcoin is theirs and they can do whatever pleases them with it. It's the same way a lot of us hodl thousands of various shitcoins today, if those shitcoins become valuable in the near future those who will know about them then will also be envious of our stack. What should be bad will be if those transferred Bitcoin were hacked. Otherwise, it's a normal process. However, I hope this doesn't lead to a dump in Bitcoin price.

[Insanerman]

~

I don't understand this. Is this going to affect bitcoin prices for good or bad? If I didn't get this wrong then it means it will go more upwards in the upcoming days... amirite?

It doesn't really impact that much but if it would, then it will be a positive one. The side trend often tends to be the same as what happens back in 2017 before the 20K USD pump rise of BTC that also had the huge transfer shown in the image. As most bitcoin analysts and crypto enthusiasts are expecting, with this events (transfers of huge BTC), price will slowly be not dumping so hard and might go sideways again, which can inflict another pump that can be above 20KUSD ATH mark.

[serjent05]

Inflow and outflow of bitcoin is just normal IMO. It means more transactions and importance are increasing for bitcoin.

Outflow increased, inflow decreased. How did you see they are normal?

If people are willing to buy such volume, it is because the value of bitcoin is increasing and scarcity is created.

None of us want to buy volume and even if anyone of us want we can not buy volume.

We need to remember bitcoin is limited with 21,000 maximum supply.

You need to read and remember bitcoin has 21,000,000,000 BTC as total supply. https://coinmarketcap.com/currencies/bitcoin/

Did my eyes trick me?  I thought BTC is limited at 21,000,000 supply.  I wonder why someone is lacking zeros and the other one has extra's.

Anyway movement or transfers of BTC from an exchange to cold wallet is very normal.  I think (maybe I'm wrong), those two addresses were newly created cold storage of a certain exchange.

[Quidat]

Two anonymous Bitcoin big fish sent a total of 31,099 BTCs worth $492 million for a total fee of about $46. The transfers were first noticed by the automated Block Bot chain monitoring tool.

According to the latest block explorer data, the first whale transferred 17,187 BTCs worth $268 million to two separate addresses. One wallet received 13 912 BTC. Another 3,275 BTC.

BitInfoCharts shows that the first whale created its first portfolio on November 11. It immediately became the 42nd "richest" such wallet in the world.

The second whale transferred 13,912 BTC worth 224 million USD to two separate addresses. Looking at the block explorer's data, one wallet received 10,637 BTC. The other 3,275 BTC.

Source: Bitcoin Block Bot

When you are on this market then you should anticipate or shouldnt really be surprised into these kind of transfers yet if you do really look at into those top or richest address
neither those wallets are dormant but actually their owners are just waiting up for the opportunity to sell out their stashes thats why when these whales do make out some
move then that will really make out some noise or attention to the community because its just nice to see these big numbers which doesnt really happen on day to day
basis but to look at on how much fee they do need on just moving these amounts is just really too small which is really the great thing.

[dothebeats]

-snip-

I don't understand this. Is this going to affect bitcoin prices for good or bad? If I didn't get this wrong then it means it will go more upwards in the upcoming days... amirite?

This just means that there's not much bitcoins in the exchanges right now up for grabs, as most institutional investors, together with the high rollers are already hodling lots and lots of coins in their pockets. Pair that with the fact that there are also a lot of lost bitcoins in the void that cannot be retrieved by any means, you'll get this crisis. On paper, this is actually good for bitcoin since it'll be valuable as there isn't much going around for random people to get, though in the long run this will be a huge problem, especially if these hodlers decide to just do the ultimate hodling strat, until such time that there literally isn't any bitcoins to get as each and every single satoshi (sans the lost ones) are already taken and accounted for.

[CyberKuro]

You need to read and remember bitcoin has 21,000,000,000 BTC as total supply. https://coinmarketcap.com/currencies/bitcoin/

Correction. You mean 18,547,618 BTC total/circulating supply and 21,000,000 max supply?

Anyways, big players will intentionally make their stash moving to another wallet maybe because they are planning for something big. Those huge numbers not literally move unless the big fish we are talking about is hodling it long term or it could also be that it is just moving it to a much safer wallet maybe a cold storage.

Pretty much, yes. The reason why bitcoin prices increase significantly in a relatively short time, because of the huge influx of money like those buying bitcoin and move it to multiply addresses for security reasons. in this case, they surely aiming for the long term for a higher price target to sell it. Whether it is institutional investors, consultants, companies, or personal investors, but one thing to note that none of those addresses are linked to any company from the cryptocurrency industry.
There are a lot of whales moving their bitcoin recently, including this BTC60,000 into two addresses.

[kryptqnick]

It is nonsense if you know

The outflow and inflow of bitcoin out and in exchanges are good proof of more holders in latest weeks. It is the biggest outflow from exchanges since 2017, 3 years ago.

The current situation is very similar to the one in 2017 (at least, in terms of the price going that much up for the first time since then), so no wonder there are other correlations like with the outflow of Bitcoin. Last time it all ended badly, though, because at first people are overhyped about Bitcoin, and then some decide to cash out which triggers lots of panic selling. Since it's happened before, I feel well-prepared to witness this again, but it's not like I want it to happen. Another round of a few years with $6k-$7k prices isn't great. But the crazy rally like this is bound to end badly because the price is building up too fast.

[CaVO32]

It is nonsense if you know

The outflow and inflow of bitcoin out and in exchanges are good proof of more holders in latest weeks. It is the biggest outflow from exchanges since 2017, 3 years ago.

The current situation is very similar to the one in 2017 (at least, in terms of the price going that much up for the first time since then), so no wonder there are other correlations like with the outflow of Bitcoin. Last time it all ended badly, though, because at first people are overhyped about Bitcoin, and then some decide to cash out which triggers lots of panic selling. Since it's happened before, I feel well-prepared to witness this again, but it's not like I want it to happen. Another round of a few years with $6k-$7k prices isn't great. But the crazy rally like this is bound to end badly because the price is building up too fast.

But maybe this time around, it would be different. As the holders are more knowledgeable on what they are holding. Unlike the 2017 hype, a lot bought because of the fud, most of them had no idea what they were getting into. Also, the position of btc in the market is stronger than before. The use case is I believe more established. Popular companies that are integrating btc in their payment method like the recent news from PayPal and known personalities and companies heavily investing in btc.

[lebregone]

I guess they know something that will likely to give them some profit in the long run of holding a bitcoin that is why they are buying that huge amount of bitcoin and starting to store it in their wallets.

It is pretty good news to bitcoin as it will surely help the bitcoin to increase it's price easily but I am a little bit worried about what is happening to the market right now because the bitcoin dominance is continuing to increase and if it will still continue then the alts will be left behind for sure.

[vaultman]

If the conclusion that there are more token holders is correct, then this is positive news for bitcoin holders. In the future, there will be more and more demand for bitcoin, and their number is known to be limited, which will cause an increase in the price of bitcoin.

[Hamphser]

It is nonsense if you know

The outflow and inflow of bitcoin out and in exchanges are good proof of more holders in latest weeks. It is the biggest outflow from exchanges since 2017, 3 years ago.

The current situation is very similar to the one in 2017 (at least, in terms of the price going that much up for the first time since then), so no wonder there are other correlations like with the outflow of Bitcoin. Last time it all ended badly, though, because at first people are overhyped about Bitcoin, and then some decide to cash out which triggers lots of panic selling. Since it's happened before, I feel well-prepared to witness this again, but it's not like I want it to happen. Another round of a few years with $6k-$7k prices isn't great. But the crazy rally like this is bound to end badly because the price is building up too fast.

But maybe this time around, it would be different. As the holders are more knowledgeable on what they are holding. Unlike the 2017 hype, a lot bought because of the fud, most of them had no idea what they were getting into. Also, the position of btc in the market is stronger than before. The use case is I believe more established. Popular companies that are integrating btc in their payment method like the recent news from PayPal and known personalities and companies heavily investing in btc.

They had been fomo'ed because if you do talk about Fud then that do indicates out fear which means that they arent buying that time.I agree on what you had said that

this current price rally does been backed up with solid foundation which we can presume that it wont really give out some price crash that we had experienced in the past.

Its expected that there would be lots of people specially those big investors that doesnt like to be go behind on whats trending.So it isnt really surprising that big fishes will
really jump into the pool.

[jossiel]

It is unlikely that you will find out who it was and why. The main thing is that this will not affect the price of bitcoin, the rest is not important.

You'll never know who they are and that's why they were being addressed as "whales".

It's not a common transfer and that's why it's on the news. Huge transfers becomes hot topic for article and news writer because many are interested of knowing who they are. But in the end of it, no one can know who exactly they are.

These whales are just moving their funds one after another just in case they decide to consolidate it with their other holdings or if they are about to transfer it to an exchange.

[oktana]

TF! That's just too much bitcoins. I'm wondering who would be behind such. I feel it could be one of these billonaire investors cause, how can a wallet be created not up to a much and in a wink of an eye, it's amongst the top 50 richest bitcoin wallets. Hmm