991.3062 BTC transfer

[DeathAngel]

I’m not concerned, people transfer this amount of coins all the time. Could even be an OTC trade, who knows. How much could a sum like that affect the market any way, not that much?

[fabiorem]

Volume in Binance is 577 million tethers, which would give, more or less, 80k bitcoins. 900btc will only make a scratch.

[jacafbiz]

There are some anticipated movement in price of BTC that some traders are anticipating. I have read some prediction some people predicting the price would o up based on OBV and some are saying the price would go down. If this is dumped on the market  depending on the exchange it may impart Bitcoin price

[seoincorporation]

be careful with your open trades people, 991.3062 BTC (worth of 6M usd) just transferred to unknown wallet
https://www.blockchain.com/btc/tx/07d1e93758ea6622259ba3f1afe6c5fca0d4712bb125a3c34f0f44bc32c71ee6
According to what I know this walled is binance wallet. so, maybe a sharp movement is incoming

LoL, 991 BTC wasn't that big...

If you follow the Whale Alert you will see transactions like those all days, is kind of normal for people who follow the markets and the walles.

Today it have some other huge transactions:

896BTC
https://twitter.com/whale_alert/status/1245059313481191426

1252BTC
https://twitter.com/whale_alert/status/1245017323917971457

So, don't panic, this is normal.

[Stedsm]

You're shaken up with just 991 BTC? Remember when we didn't get any news when Plus Token scammers dumped around BTC13k (yeah, you read it right, 13000 BTC)? Does it really matter that these big amounts in BTC are for dumps only? Can't they be OTC deals? Can't they be used by that exchange to try and liquidate some longs/shorts (towards the direction they want to) and make more BTC to them? Shitmex always want to win, so maybe this was just a part of it.

[coupable]

be careful with your open trades people, 991.3062 BTC (worth of 6M usd) just transferred to unknown wallet
https://www.blockchain.com/btc/tx/07d1e93758ea6622259ba3f1afe6c5fca0d4712bb125a3c34f0f44bc32c71ee6
According to what I know this walled is binance wallet. so, maybe a sharp movement is incoming

LoL, 991 BTC wasn't that big...

If you follow the Whale Alert you will see transactions like those all days, is kind of normal for people who follow the markets and the walles.

Today it have some other huge transactions:

896BTC
https://twitter.com/whale_alert/status/1245059313481191426

1252BTC
https://twitter.com/whale_alert/status/1245017323917971457

So, don't panic, this is normal.

Back to bitcoin first years, it was intensive for btc holders to see this transaction from an exit scam to a known exchange. This should infect the price. Now by the bitcoin becomes more reliable to people in different fields, big amounts movements hasn't that big impact.
Recently, someone recovered a wallet from 2010 mining golden age. He moved more than 1000 btc to coinbase exchange, and surely more forked coins. I guess he sold a lot of btc while the price already infected by the pandemic.

[htsy585]

be careful with your open trades people, 991.3062 BTC (worth of 6M usd) just transferred to unknown wallet
https://www.blockchain.com/btc/tx/07d1e93758ea6622259ba3f1afe6c5fca0d4712bb125a3c34f0f44bc32c71ee6
According to what I know this walled is binance wallet. so, maybe a sharp movement is incoming

That's quite a huge amount of coin in there, and i totally agree with you about not leaving open trades because the current market is very fluctuating and not stable. Any time you spent unattending to your order put in a risk as the market can experience a downfall any moment, i hope this transaction wont affect the market

[Pronzegirl]

I don't really know how this happened. It was a really suspicious event. It might be a thorny thing for us or a little strange, but maybe this was one of the whale accounts during trading. I suspect that an electronic censorship has to be imposed to see who receives such unusual values from bitcoin.

[katiepower]

Such transfers are made for a specific purpose, perhaps this is one of the options for market manipulation