Bitcoin Whale Withdraws $89M BTC, Despite Bloody Market

[Pamadar]

That would be some sort of precaution. That certain whales might be thinking that for another bearish which makes him/her take action first before it happens. I believe he/she was worried for now, the downtrend motion more often badly think about the possible losses if he never gets his/her funds. Or, they look for another opportunity with altcoins.

But knowing that amount, it certainly big enough that they have to take care of.

Agree to that, whales knew about possibilities and taking actions much earlier gives them more benefits, we can't denied the fact that in every sets of actions this whales are always eyeing for opportunities. The actions that they will take brings them the expectations that they wanted to earn from this industry, we need to carefully analyze every actions to take as whales can easily doomed our positions.

[peter0425]

Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.

If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!

I think what will happen is that, the withdrawal could cause a further deep in the price because that is a Hugh amount and order hodler, both small and huge will panick and sell to have their money back. This will drop price further most likely.

and greater movement 44000 BTC ($294M) are we going to 3000 again?

lol nothing that will happen again about that low,$300 is the lowest we've got from the Hype of 2017 and looking the market movement there are no indication of happening again that huge fall.yeah we are dipping but not enough to have a Bear movement again.
and there are only few in speculation that talks about that low aside from those FUDders that w already knew the intentions.

[alisonwonder]

Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.

If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!

I think what will happen is that, the withdrawal could cause a further deep in the price because that is a Hugh amount and order hodler, both small and huge will panick and sell to have their money back. This will drop price further most likely.

and greater movement 44000 BTC ($294M) are we going to 3000 again?

lol nothing that will happen again about that low,$300 is the lowest we've got from the Hype of 2017 and looking the market movement there are no indication of happening again that huge fall.yeah we are dipping but not enough to have a Bear movement again.
and there are only few in speculation that talks about that low aside from those FUDders that w already knew the intentions.

idk maybe it's FUD, but I see some predictions saying it could happen again, if bitcoin fails to bullish 7500, I don't know if I should be happy or worried if bitcoin goes down, on the other hand, of course many people expect prices to fall to get low prices, but I'm also afraid that bitcoin keep going down futher.

[Coin_trader]

Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.

If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!

I think what will happen is that, the withdrawal could cause a further deep in the price because that is a Hugh amount and order hodler, both small and huge will panick and sell to have their money back. This will drop price further most likely.

and greater movement 44000 BTC ($294M) are we going to 3000 again?

lol nothing that will happen again about that low,$300 is the lowest we've got from the Hype of 2017 and looking the market movement there are no indication of happening again that huge fall.yeah we are dipping but not enough to have a Bear movement again.
and there are only few in speculation that talks about that low aside from those FUDders that w already knew the intentions.

idk maybe it's FUD, but I see some predictions saying it could happen again, if bitcoin fails to bullish 7500, I don't know if I should be happy or worried if bitcoin goes down, on the other hand, of course many people expect prices to fall to get low prices, but I'm also afraid that bitcoin keep going down futher.

6500$ support is weak support so possible to deeper down strong support @ 6000$ . 7000 is the new resistance right now and breaking that will be the first milestone for the bull to regain control of the market. But on this fck up world of crypto. No one knows what will the whales do on their holdings. They already gain significant profit if they short on leverage trading from the last 2 weeks.

[michellee]

and greater movement 44000 BTC ($294M) are we going to 3000 again?

No one knows. I hope that bitcoin price will not go to $3000, and $6,500 will be the lowest price of bitcoin. After the bitcoin price reaching the lowest price, bitcoin will start to rise again so we can back to make a profit again. Hopefully, there are not too many people who will panic to see if the price will be down for more, and I hope that they can hold their bitcoin and not going to sell it in the downtrend.

[Casdinyard]

Why people are so intrested in whales? Not so good idea to count others money without knows anything about him

It's not some are interested but the thing is every time whales dump huge amount of bitcoin it has a domino effect on the market. However, that 12,000 bitcoin just move to an external wallet and it didn't mentioned that he sold it.

What I speculate is that whale simply plan to dump the market as so buying more afterwards. An instant profit it is and squeezing out from the weak hands will be the target.

[alisonwonder]

and greater movement 44000 BTC ($294M) are we going to 3000 again?

No one knows. I hope that bitcoin price will not go to $3000, and $6,500 will be the lowest price of bitcoin. After the bitcoin price reaching the lowest price, bitcoin will start to rise again so we can back to make a profit again. Hopefully, there are not too many people who will panic to see if the price will be down for more, and I hope that they can hold their bitcoin and not going to sell it in the downtrend.

yes no one knows, but it still might happen, you can see the charts in 2018 months 11 and 12, I'm afraid bitcoin movements will be the same as that year, the decline occurs at the end of the year and get the lowest point at 3000, but let's see if support at 6000-6500 is able to hold it.

[dodgrad]

Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.

If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!

I think what will happen is that, the withdrawal could cause a further deep in the price because that is a Hugh amount and order hodler, both small and huge will panick and sell to have their money back. This will drop price further most likely.

and greater movement 44000 BTC ($294M) are we going to 3000 again?

lol nothing that will happen again about that low,$300 is the lowest we've got from the Hype of 2017 and looking the market movement there are no indication of happening again that huge fall.yeah we are dipping but not enough to have a Bear movement again.
and there are only few in speculation that talks about that low aside from those FUDders that w already knew the intentions.

idk maybe it's FUD, but I see some predictions saying it could happen again, if bitcoin fails to bullish 7500, I don't know if I should be happy or worried if bitcoin goes down, on the other hand, of course many people expect prices to fall to get low prices, but I'm also afraid that bitcoin keep going down futher.

It looks like it's not just about FUD. Such large BTC transfers made by whales, with current price drops, do not mean anything good. As we can see, no one sells, so this should be a good sign for all of us, but the charts show that investors and traders are worried a lot.

[piebeyb]

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

I agree with this, because the pope could have bought it cheaply and pulled it to prevent the exchange from going bankrupt and not keeping it there, I see here it seems like he just pulled out of BTC from the coincheck exchange originating from Japan, I described many people throwing away bitcoin cheaply and let the big whale take it from his hand, but I will laugh again when high prices people buy it back, big whales have strong trust

[Kahoy01]

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

I agree with this, because the pope could have bought it cheaply and pulled it to prevent the exchange from going bankrupt and not keeping it there, I see here it seems like he just pulled out of BTC from the coincheck exchange originating from Japan, I described many people throwing away bitcoin cheaply and let the big whale take it from his hand, but I will laugh again when high prices people buy it back, big whales have strong trust

Man If I have that huge amount of BTC I would really store it somewhere cold. Exchanges these days are very incompetent dealing with such huge amount.

[dodgrad]

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

I agree with this, because the pope could have bought it cheaply and pulled it to prevent the exchange from going bankrupt and not keeping it there, I see here it seems like he just pulled out of BTC from the coincheck exchange originating from Japan, I described many people throwing away bitcoin cheaply and let the big whale take it from his hand, but I will laugh again when high prices people buy it back, big whales have strong trust

Man If I have that huge amount of BTC I would really store it somewhere cold. Exchanges these days are very incompetent dealing with such huge amount.

Anyone who would invest such a huge amount would surely secure it very carefully. However, it is worrying for the entire market why someone is moving such sums at this moment. We all know that whales like to manipulate the price, so surely many investors are worried that if someone is moving so huge amount, it can be used to dump the price.

[alisonwonder]

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

I agree with this, because the pope could have bought it cheaply and pulled it to prevent the exchange from going bankrupt and not keeping it there, I see here it seems like he just pulled out of BTC from the coincheck exchange originating from Japan, I described many people throwing away bitcoin cheaply and let the big whale take it from his hand, but I will laugh again when high prices people buy it back, big whales have strong trust

Man If I have that huge amount of BTC I would really store it somewhere cold. Exchanges these days are very incompetent dealing with such huge amount.

Anyone who would invest such a huge amount would surely secure it very carefully. However, it is worrying for the entire market why someone is moving such sums at this moment. We all know that whales like to manipulate the price, so surely many investors are worried that if someone is moving so huge amount, it can be used to dump the price.

they think there will never be a loss to throw away at this time, chances are they also know if there will be a big decline they can buy more at a lower price.
I think of course there is some kind of manipulation, we can see history from behind every halving will occur.

[boris2470]

Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.

The market is in chaos today as Bitcoin experienced another double-digit drop. Just a week ago, Bitcoin was trading at $8,700 — it is now trading at around $7,100. For the first time since May 2019, the market capitalization of the entire cryptocurrency market is under $200B. According to the Crypto Greed & Fear Index, the current sentiment is one of ‘Extreme Fear.’

Source link here

Look guys, I know how it feels when we are in a bloody market. Correct me if I’m wrong, but there will be two scenarios about this Bitcoin whale:

Scenario 1: He bought it at a higher price and withdrew it while Bitcoin is on a bloodbath.

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!

Perhaps this whale has a much more profitable business that currently requires investment. Bitcoin account was his reserve and now it's time to withdraw Bitcoins. There are much more than two scenarios, but most likely it was a necessary measure since the whale lost millions of dollars

[keyscore44]

Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.

The market is in chaos today as Bitcoin experienced another double-digit drop. Just a week ago, Bitcoin was trading at $8,700 — it is now trading at around $7,100. For the first time since May 2019, the market capitalization of the entire cryptocurrency market is under $200B. According to the Crypto Greed & Fear Index, the current sentiment is one of ‘Extreme Fear.’

Source link here

Look guys, I know how it feels when we are in a bloody market. Correct me if I’m wrong, but there will be two scenarios about this Bitcoin whale:

Scenario 1: He bought it at a higher price and withdrew it while Bitcoin is on a bloodbath.

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!

Perhaps this whale has a much more profitable business that currently requires investment. Bitcoin account was his reserve and now it's time to withdraw Bitcoins. There are much more than two scenarios, but most likely it was a necessary measure since the whale lost millions of dollars

It seems you haven't read what this thread is about. This whale has withdrawn its BTC from exchange, so the situation is exactly the opposite of what you wrote.

[todiboa]

Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.

The market is in chaos today as Bitcoin experienced another double-digit drop. Just a week ago, Bitcoin was trading at $8,700 — it is now trading at around $7,100. For the first time since May 2019, the market capitalization of the entire cryptocurrency market is under $200B. According to the Crypto Greed & Fear Index, the current sentiment is one of ‘Extreme Fear.’

Source link here

Look guys, I know how it feels when we are in a bloody market. Correct me if I’m wrong, but there will be two scenarios about this Bitcoin whale:

Scenario 1: He bought it at a higher price and withdrew it while Bitcoin is on a bloodbath.

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!

I do not think that this is extreme fear. It seems to me that whales have advisers that explain all the risks. Bitcoin will definitely recover because now the coin is in the bear market. Apparently the whale needed money

[soulripper]

What he do to that bitcoin only the owner will know. As the person tell that account has being active like a cold walllet.. He might be saving it instead of selling it.

[migws]

Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.

The market is in chaos today as Bitcoin experienced another double-digit drop. Just a week ago, Bitcoin was trading at $8,700 — it is now trading at around $7,100. For the first time since May 2019, the market capitalization of the entire cryptocurrency market is under $200B. According to the Crypto Greed & Fear Index, the current sentiment is one of ‘Extreme Fear.’

Source link here

Look guys, I know how it feels when we are in a bloody market. Correct me if I’m wrong, but there will be two scenarios about this Bitcoin whale:

Scenario 1: He bought it at a higher price and withdrew it while Bitcoin is on a bloodbath.

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!

It seems like a necessary measure. I do not think that a whale would specifically withdraw such a number of Bitcoins during a steep coin fall down. It’s a pity that we will never know what happened

[piebeyb]

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

I agree with this, because the pope could have bought it cheaply and pulled it to prevent the exchange from going bankrupt and not keeping it there, I see here it seems like he just pulled out of BTC from the coincheck exchange originating from Japan, I described many people throwing away bitcoin cheaply and let the big whale take it from his hand, but I will laugh again when high prices people buy it back, big whales have strong trust

Man If I have that huge amount of BTC I would really store it somewhere cold. Exchanges these days are very incompetent dealing with such huge amount.

yes, of course in this year many exchanges are closed because of bankruptcy, I admit those who say bankrupt is more honest than exchanges who try to deceive everyone by saying their site was hacked even though they themselves are working to manipulate it, share their stupidity to the public, I like it classic drama but that ignorance keeps repeating until now there is no drama to mark let alone by linking FUD from china, don't ever save big money on the exchange

[Hypnosis00]

He only makes it worse, why does he do it 

Investors are smart enough, they probably know what will happen next and I believe they are right to withdraw their funds rather than of losing.
May it possibly for another reason or they just transfer their funds to the other exchanges that they'll see much secured than of before which it is eventually a good decision also. And I don't see it never makes worse, they just want to keep safe.

[annylawrence]

Despite Bitcoin plummeting in value, it seems that whales haven’t lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.

The market is in chaos today as Bitcoin experienced another double-digit drop. Just a week ago, Bitcoin was trading at $8,700 — it is now trading at around $7,100. For the first time since May 2019, the market capitalization of the entire cryptocurrency market is under $200B. According to the Crypto Greed & Fear Index, the current sentiment is one of ‘Extreme Fear.’

Source link here

Look guys, I know how it feels when we are in a bloody market. Correct me if I’m wrong, but there will be two scenarios about this Bitcoin whale:

Scenario 1: He bought it at a higher price and withdrew it while Bitcoin is on a bloodbath.

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!

The only thing we just have to do right  now is to be very wise at this period and not allow all these dumping and playing of the whales to affect us or push us into panic selling because this is exactly what they want, as they have seen enough profit on the $8700, so they will want to look for the next opportunity to enter the market again and the first thing they will do is to use all these their tactics into crashing the market so that they can start accumulating again, and I will not be so much surprise right now, many of them are beginning to accumulate again at this cheap price because I really don’t see the marektcap cap of bitcoin dropping below its current bleeding lines, so any moment from now, we could actually see some increase that is even higher than the initial.