A transfer of 249.999 BTC happened just now, really amazing

[rtm125]

According to this news
https://www.reddit.com/r/jex/comments/a78wxw/what_does_it_mean/

The 53rd largest BTC address,
15xZvLJLAgxh8cxEmAbpx1H35oibHo5cLA

Has been adding +249.999 BTC
pretty much daily since Nov 28, 2018

Current Balance: 14,950 BTC
($52,185,839 USD)

Holds 0.08578% of all BTC

This might suggest that there will be a surge for BTC and other cryptocurrencies?

I doubt this bitcoin movement can have much of an impact on the price and market. I am more wondering how many bitcoins are in circulation that cannot be tracked and this turnover is not displayed in the total cryptocurrency capitalization)

[1715653230]

1715653230

[SistaFista]

According to this news
https://www.reddit.com/r/jex/comments/a78wxw/what_does_it_mean/

The 53rd largest BTC address,
15xZvLJLAgxh8cxEmAbpx1H35oibHo5cLA

Has been adding +249.999 BTC
pretty much daily since Nov 28, 2018

Current Balance: 14,950 BTC
($52,185,839 USD)

Holds 0.08578% of all BTC

This might suggest that there will be a surge for BTC and other cryptocurrencies?

It could be some whales who keep accumulating bitcoin into their wallet in this low price.
As long it is not an exchange wallet address, then the coins won't be dumped in near time likely.
If some peoples continues accumulating bitcoin in such price, then they will gain much profit if the bull comes.

[Haunebu]

This might suggest that there will be a surge for BTC and other cryptocurrencies?

why "other cryptocurrencies"? this is bitcoin moved

and no it does not suggest that at all. neither  does it suggest a drop. people always tend to get over excited about seeing a large amount of bitcoin moved (this is not large though lol).

generally all you can say about these transactions  is either:
- a service is moving coins in or out of their cold storage like exchanges combining lots of inputs into one and putting it in one place
- a whale bought some coins and moved it to their cold storage. which is usually them buying coins off the market so that they don't push the price up, they keep it low while buying elsewhere...

I agree. This is something which I have observed regularly in this extremely volatile cryptocurrency market where everyone tend to lose their shit whenever Bitcoin rallies or falls chanting stuff like 'Moon', 'Bitcoin is dead' etc.

Majority of the crypto investors know nothing about the technology behind this Bitcoin and other popular coins and simply go crazy looking at the charts when they need to actually try to learn more about these currencies if they truly wish for growth of this market in the long term.

Do your research people and invest only what you are willing to lose.

[Herbert2020]

... I doubt this bitcoin movement can have much of an impact on the price and market. I am more wondering how many bitcoins are in circulation that cannot be tracked and this turnover is not displayed in the total cryptocurrency capitalization)

in market times, 8-9 days is a very long time so you should no longer have any doubts about the results of the kind of fund transfer that OP was pointing out. it is now clear that it had absolutely no effects on anything whatsoever.

as for coins in circulation you can calculate them easily by multiplying the number of blocks by their reward (it starts from 50 and halves every 210000 block) and then reduce about 100 of it for truly lost coins like burnt coins and miner mess ups to get the real value of circulating coins. the other type of "lost coins" like people losing their private keys, satoshi's coins,... are not lost and there is no way of measuring them.

[qiwoman2]

Well the big whales are getting bigger and the small fish are being eaten up by the big whales, that's the story here really. While many are capitulating and selling out, the big pockets and wallets are getting phatter and fatter by the day and this is how the rich get richer and the poor get much poorer. I don't know if this is a good thing or not but time will tell. That might be an exchange wallet or some pool or fund wallet of some sort and not belong just to any individual, but then again I could be wrong and it might belong to some 20-year-old miner who mined the crap out of Bitcoin in the early days and become very rich doing it. Let's see if anyone here can crack the code and find out who owns it, would be interesting.