95,000 Bitcoin transferred to an exchange!

[daarul50]

If this Asian Whale liquidates the market will crash big time.
Motive for whale to sell : Buy in cheaper or buy some ALTS
If the whale sold in this low volume I hate to think what the price of BTC would go to!

https://dailyhodl.com/2018/06/08/huge-bitcoin-whale-with-94947-btc-transfers-crypto-onto-an-exchange-rattling-nerves/

Many are concerned about this happening, but hopefully the whale does not sell all those bitcoins, hopefully he just wants to exchange the bitcoin on altcoin so we have to find out what altcoin he will exchange with that much bitcoin so we can take advantage in and continue to hope that there will not be a big impact on bitcoin price movements.

[bitfocus]

it means he has a very strong sense and capability to manipulate the market. what these whales do actually? nothing, just spread some misleading info and all teh greedy but panicked loosers will  keep selling low, and the will just EAT-UP the massive stock!

[jamesashmore1964]

I wonder if this caused the flash crash: If this dude hasn’t sold and does sell it will not be good

[Mr.grin]

wow, that's a very big bitcoin. whether used for what, but i hope that the transaction will bring the development of better bitcoin. does this have anything to do with the current bitcoin price reduction, or not?

[jamesashmore1964]

If this Asian Whale liquidates the market will crash big time.
Motive for whale to sell : Buy in cheaper or buy some ALTS
If the whale sold in this low volume I hate to think what the price of BTC would go to!

https://dailyhodl.com/2018/06/08/huge-bitcoin-whale-with-94947-btc-transfers-crypto-onto-an-exchange-rattling-nerves/

let them sell, no issues at all. This is just a very short term movement, absolutely no effect on long term price whatsoever. We should be completely ignoring exactly this kind of useless news.

If Bitcoin goes below 7K it could go into free fall: Giving The masses more negative news about crypto prices and risk!

[erickkyut]

If this Asian Whale liquidates the market will crash big time.
Motive for whale to sell : Buy in cheaper or buy some ALTS
If the whale sold in this low volume I hate to think what the price of BTC would go to!

https://dailyhodl.com/2018/06/08/huge-bitcoin-whale-with-94947-btc-transfers-crypto-onto-an-exchange-rattling-nerves/

Wow! 95000 BTC? Seriously? That's a huge amount of Bitcoin. Is it owned by a single person only? If he really liquidates it, we will be doomed! I can't imagine what would be the price of coins in the market if that happens. I hope that he will ise it to pump some altcoins.

[samcrypto]

wow, that's a very big bitcoin. whether used for what, but i hope that the transaction will bring the development of better bitcoin. does this have anything to do with the current bitcoin price reduction, or not?

This might be another reason why the price are slowly dumping, tha's a real huge volume of bitcoin that can dump the price of bitcoin within a day but I think there is something good on this news. I hope that it will be use for the pumping days of bitcoin.