Address 36png4nUpGkCrYnRXNR4PMSRFEgGadmh8S sent -25,160.31BTC to coinbase

[vit05]

https://bitinfocharts.com/bitcoin/address/36png4nUpGkCrYnRXNR4PMSRFEgGadmh8S

This address sent 25,160.31 BTC to coinbase a few moments before this dump. Was he the cause or did he have information about this possibility of correction?

[samcrypto]

https://bitinfocharts.com/bitcoin/address/36png4nUpGkCrYnRXNR4PMSRFEgGadmh8S

This address sent 25,160.31 BTC to coinbase a few moments before this dump. Was he the cause or did he have information about this possibility of correction?

That’s pretty huge and there’s a chance that this transaction is the reason why the market dumps again, but I wonder where that bitcoin from and why he transfer it to coinbase, either to hold or to sell but this transaction is really big. Anyway, correction is happening and I hope this is just a short correction because we are from a bear market and its sad to see the price falling.

[fabiorem]

Pure manipulation.

[figmentofmyass]

https://bitinfocharts.com/bitcoin/address/36png4nUpGkCrYnRXNR4PMSRFEgGadmh8S

This address sent 25,160.31 BTC to coinbase a few moments before this dump. Was he the cause or did he have information about this possibility of correction?

that doesn't look like a transfer to coinbase to me. 3D9Gi4JsBaFRfyyDHiC3QM4o3zreV6oD4G (the recipient of the 25k BTC transaction) is part of a Xapo.com wallet. i don't think these coins were dumped.

https://www.walletexplorer.com/wallet/Xapo.com?from_address=3D9Gi4JsBaFRfyyDHiC3QM4o3zreV6oD4G

[BTCgrinders.com]

https://bitinfocharts.com/bitcoin/address/36png4nUpGkCrYnRXNR4PMSRFEgGadmh8S

This address sent 25,160.31 BTC to coinbase a few moments before this dump. Was he the cause or did he have information about this possibility of correction?

that doesn't look like a transfer to coinbase to me. 3D9Gi4JsBaFRfyyDHiC3QM4o3zreV6oD4G (the recipient of the 25k BTC transaction) is part of a Xapo.com wallet. i don't think these coins were dumped.

https://www.walletexplorer.com/wallet/Xapo.com?from_address=3D9Gi4JsBaFRfyyDHiC3QM4o3zreV6oD4G

How reliable is Xapo as a company and web wallet?

[pooya87]

Was he the cause or did he have information about this possibility of correction?

large transactions like this one are happening almost every day and that is not even the biggest. the biggest ones in the past week has been 157,457BTC or $1.4 billion and 144,076BTC or $1.2 billion!!! if you think each time someone moves large amounts price should drop then price should drop literary every week and never rise. besides why does your mind directly go towards someone selling? why don't you assume that someone bought that much because of the drop?!!

here click this link and see the gigantic transactions for the past week yourself: https://blockchair.com/bitcoin/transactions?q=block_id(578125..)&s=output_total_usd(desc)#
you can also change the date or block ID at the bottom to change the time frame.

[figmentofmyass]

large transactions like this one are happening almost every day and that is not even the biggest. the biggest ones in the past week has been 157,457BTC or $1.4 billion and 144,076BTC or $1.2 billion!!! if you think each time someone moves large amounts price should drop then price should drop literary every week and never rise. besides why does your mind directly go towards someone selling? why don't you assume that someone bought that much because of the drop?!!

he thought the coins were sent to coinbase. there's only so many things you can do when you deposit bitcoins to an exchange, especially one that doesn't offer margin trading. mainly, you can sell them.

[adaseb]

I've been reading posts about these transactions and people are freaking out everywhere. If I had to guess I am assuming its Coinbase updating their cold storage or something similar.

If you are a whale you wouldn't send that much in 1 transaction to spoof the market. Same with the way whales stack orders on an exchange, most will never show the entire order instead they will make it an ice-berg order.

Its just a coincidence that the drop happened at the same time as the transaction. There is no conspiracy theory here.

[illyiller]

I've been reading posts about these transactions and people are freaking out everywhere. If I had to guess I am assuming its Coinbase updating their cold storage or something similar.

It wasn't even Coinbase at all, but Xapo. Either Walletexplorer is wrong (which I doubt), or people just saw a deposit to a big hot wallet and assumed it was Coinbase. See here:

https://www.walletexplorer.com/wallet/Xapo.com?from_address=3D9Gi4JsBaFRfyyDHiC3QM4o3zreV6oD4G

[Adriano2010]

I also don't think the price drop because of someone send so much coins to coinbase for sell, i think the price had some correction and this caused the drop, and even whales will not sell so high amount at once.

[BayAreaCoins]

Not worried about it.

[davis196]

https://bitinfocharts.com/bitcoin/address/36png4nUpGkCrYnRXNR4PMSRFEgGadmh8S

This address sent 25,160.31 BTC to coinbase a few moments before this dump. Was he the cause or did he have information about this possibility of correction?

Maybe there's no "he".Some crypto company or crypto exchange is moving some coins from one wallet to another.25,000 BTC is a very small amount to have such influence over the bitcoin price.

[NeuroticFish]

This address sent 25,160.31 BTC to coinbase a few moments before this dump. Was he the cause or did he have information about this possibility of correction?

1. Can you prove it's Coinbase address?
2. Was Coinbase the start of the dump?
3. The seller didn't spread the coins to sell between more exchanges?!
4. How big part of the dump is from Bitmex?

Or you only try to FUD a little?
A correction had to come. It came earlier than I wished, but for now it's in the range of normality. If it goes much lower then maybe we can be a bit worried.

[pooya87]

large transactions like this one are happening almost every day and that is not even the biggest. the biggest ones in the past week has been 157,457BTC or $1.4 billion and 144,076BTC or $1.2 billion!!! if you think each time someone moves large amounts price should drop then price should drop literary every week and never rise. besides why does your mind directly go towards someone selling? why don't you assume that someone bought that much because of the drop?!!

he thought the coins were sent to coinbase. there's only so many things you can do when you deposit bitcoins to an exchange, especially one that doesn't offer margin trading. mainly, you can sell them.

well here is another thing to think about for those who from time to time quote one of these big transactions during every drop:
you can never sell large amounts on an exchange or even if you by some miracle sold it, you will never be able to withdraw. because not only the exchange won't allow it but also your banks, their banks and possibly other agencies red flag your ass.
in this case 25k bitcoin is worth more than $200 million... i don't think i have to explain how stupid that sounds

[mrmj_cryptoreporter]

Whatever the reason behind it: but i find this is an opportunity to accumulate more my fav coins in my portfolio i was waiting for hope to see more dip

[buwaytress]

Whales were moving huge amounts coming up to the rise as well, in fact the past 2 10% or more spikes have come hot on the heels of whales moving similar big amounts. It's a whale. He doesn't really care if it's attracting attention, if he did (to prime or time a dump), there wouldn't be anything anyone could do about it either.

I'm also still waiting for all those so called deep learning machine learning AI algorithms that are supposed to predict these sort of events or at least the follow up market action. Where are they?

[fabiorem]

large transactions like this one are happening almost every day and that is not even the biggest. the biggest ones in the past week has been 157,457BTC or $1.4 billion and 144,076BTC or $1.2 billion!!! if you think each time someone moves large amounts price should drop then price should drop literary every week and never rise. besides why does your mind directly go towards someone selling? why don't you assume that someone bought that much because of the drop?!!

he thought the coins were sent to coinbase. there's only so many things you can do when you deposit bitcoins to an exchange, especially one that doesn't offer margin trading. mainly, you can sell them.

well here is another thing to think about for those who from time to time quote one of these big transactions during every drop:
you can never sell large amounts on an exchange or even if you by some miracle sold it, you will never be able to withdraw. because not only the exchange won't allow it but also your banks, their banks and possibly other agencies red flag your ass.
in this case 25k bitcoin is worth more than $200 million... i don't think i have to explain how stupid that sounds

Not if the dumper was a governmental agency, or a bank. In this case they have it fully covered.

And if bitcoin drops $800 in a single day from a 25k BTC dump, I can only imagine what would happen if it was 1 million BTC.

[livingfree]

I think it's just a mere coincidence. Whenever there are huge transactions like this, people from everywhere are freaking out and that's the cause of the dump.

Everyone starts to sell and thinking that there will be a huge dump so they're doing it earlier before that transfer puts on sell order.

[fabiorem]

I think it's just a mere coincidence. Whenever there are huge transactions like this, people from everywhere are freaking out and that's the cause of the dump.

Everyone starts to sell and thinking that there will be a huge dump so they're doing it earlier before that transfer puts on sell order.

I believe this is a bear trap. The whale dump such volumes so that people sell in panic. Then the whale buy it back with a 10% drop from the initial dump. Since most bears would be waiting a 30-50% drop, their shorts are squeezed.

The whale dont even have to take the money out of the exchange.

[Pursuer]

I think it's just a mere coincidence. Whenever there are huge transactions like this, people from everywhere are freaking out and that's the cause of the dump.

Everyone starts to sell and thinking that there will be a huge dump so they're doing it earlier before that transfer puts on sell order.

nah, because nobody is watching the blockchain ever to see these types of transactions so they don't even notice these types of movement. the only case when it comes to people's attention is when someone like OP finds a completely random big transaction and posts it on social media like this forum! and still that won't do anything to the price because it is not the first time something like this comes out.