$188 million worth of BTC to unknown address from unknown

[Little Mouse]

https://whale-alert.io/transaction/bitcoin/a382af42a3ade150861fa4fa4b64cb2a97fcc2e1e623d52b4621f2aea77bbc19

6,427.2734 BTC have moved a few minutes ago from an unknown address to another unknown address. What doy ou think? Another institutional investor who bought OTC? A lot of institution showing interest on moving their treasury into bitcoin.
May be new year will be the one for which holder HODL.

Happy New Year

[sunsilk]

Another whale that just moved a wallet from his other wallet, I guess or the one that you have said that another OTC tx made by an institution. We will never know. This year has started very well @ $29,000. There is still no sign of it going down or we're not going to see $20,000 below prices again. If it does, the chance is little.

Happy new year too and keep hodling!

[idrisalomagold]

https://whale-alert.io/transaction/bitcoin/a382af42a3ade150861fa4fa4b64cb2a97fcc2e1e623d52b4621f2aea77bbc19

6,427.2734 BTC have moved a few minutes ago from an unknown address to another unknown address. What doy ou think? Another institutional investor who bought OTC? A lot of institution showing interest on moving their treasury into bitcoin.
May be new year will be the one for which holder HODL.

Happy New Year

Obviously these were from unknown institutions; accumulating bitcoin as reserved assets. Before it hits at this price level of 29k usd, there were no days that the transferred amount do not surmount to more than 10,000 bitcoin. So these 6k transfer you mentioned were among those accumulation.

[BigBoy89]

https://whale-alert.io/transaction/bitcoin/a382af42a3ade150861fa4fa4b64cb2a97fcc2e1e623d52b4621f2aea77bbc19

6,427.2734 BTC have moved a few minutes ago from an unknown address to another unknown address. What doy ou think? Another institutional investor who bought OTC? A lot of institution showing interest on moving their treasury into bitcoin.
May be new year will be the one for which holder HODL.

Happy New Year

We can only speculate.

It could be a whale selling, and it could be a whale moving from one place to another for security reasons to whatever other reasons. More important for me is that even if somebody is selling $188m worth of coins, another person or institution is buying it at the current prices.

[Sithara007]

Previously most such high-volume transactions were revealed to be from the cryptocurrency exchanges, who move their coins from hot wallet to cold wallet (or vice versa). Individual investors don't move their holdings that often, especially if it involves this many coins. Many of the medium-sized exchanges do hold coins in that range, so it doesn't surprises me.

[avikz]

https://whale-alert.io/transaction/bitcoin/a382af42a3ade150861fa4fa4b64cb2a97fcc2e1e623d52b4621f2aea77bbc19

6,427.2734 BTC have moved a few minutes ago from an unknown address to another unknown address. What doy ou think? Another institutional investor who bought OTC? A lot of institution showing interest on moving their treasury into bitcoin.
May be new year will be the one for which holder HODL.

Happy New Year

There's no easy way to know who has transferred to whom unless the transferrer or transferee tells us about it and that's the beauty of bitcoin where the owner of the money controls it. Just imagine this kind of transaction happens in real world through a banking channel. The bank and investigation agencies will go nuts about it. But with bitcoin, there's no easy way to know it!

Secondly, it is highly possible that this transfer is a part of some institutional investment. Corporates are showing great interest about bitcoin since last few months and that's what is making this year's bull run quite different than of 2017. But US government will soon step into it and start probing the companies who had bought large quantities of bitcoin in last few months and publicly acknowledged it! 

[Lorence.xD]

Another whale that just moved a wallet from his other wallet, I guess or the one that you have said that another OTC tx made by an institution. We will never know. This year has started very well @ $29,000. There is still no sign of it going down or we're not going to see $20,000 below prices again. If it does, the chance is little.

This must be a personal transaction between companies that do not want the media fuzz. The only scary thing about this movement is that it might not be a crypto company but a shell one that launders money, even if that is the case I wouldn't care as long as the prices are still up. Good thing that the prices are still skyrocketing and is still setting some new records, I already put a line on when will I sell my funds.

[Timelord2067]

There are numerous BTC 17.5 lots of coins that have been swept up in the transaction. Perhaps they were intended to be hot or semi hot/on standby wallets for one of the exchanges that have been hacked in the last few weeks and it's a hacker's shifting of funds that we can see?

[michellee]

I can only say wow, that is a lot of money. I wish I can make that money in the future. We do not know who is the person that sends that bitcoin to the other wallets. It could be the institutions or the whales that already have a big amount of bitcoin, and we do not know. I wonder what will happen to the market after that transaction. Could it force bitcoin to get another correction or could it make bitcoin rise more than now? But I hope that the bitcoin price will still increase in this new year.

[Maus0728]

We will never know. It doesn't even matter if that large chunk of bitcoin is transfered to an exchange that is intended for a larger sell-off, I wouldn't think that is a negative news personally -- it just means that it is another opportunity to buy at a cheaper rate.

It's just ironic to see that we are somewhat eager to know who and where the transaction is coming from but we're always talking about how to stay private when it comes to transferring our coins from one place to another.

[Timelord2067]

. ... Could it force bitcoin to get another correction or could it make bitcoin rise more than now?

Four hours after the transaction occurred and the price of Bitcoin is now sitting at $29,250 so if anything, it was probably done around midnight somewhere in the world to avoid detection on New Year's Eve. (And was probably an automated transaction too)

[eaLiTy]

There are many huge transactions going on in the background for a long time to unknown wallets and here are a few transactions that is done today apart from the one you mentioned.

https://www.blockchain.com/btc/tx/7dac2269f66853f4c5b3ec4fe5518b3675647ba8cedcbfd12e62eca8a12c98d6 4092.61999863 BTC

https://www.blockchain.com/btc/tx/cff43c2f05499af2927ba3618d50831cf9cfcc60a3b649d7ea46f1531489231a 2499.99796381 BTC

https://www.blockchain.com/btc/tx/b673edc5203fcf2486829dd2f2e43b273f034d70eaee16cc7fed675ff18b59c5 4092.53049595 BTC

https://www.blockchain.com/btc/tx/17eb979eb2ce5a8d5f64419e7827467f8239d2d65729ff95196afa1441f0564b 3920.26861863 BTC

The price is rising and it is possible that the investor are moving their coins to cold wallets, you can only speculate .

[dothebeats]

Could be exchanges transferring coins to cold wallets, too. Though yeah, most exchanges have their addresses identified easily so that’s already ruled out. Perhaps this is from some institutional investor that kept on buying during the rise that we know nothing about, and just casually transferring billions worth of bitcoins to their stash. Who knows really? These transactions happen on a daily basis that it’s starting to make no sense to keep track of them IMO.

[JohnBitCo]

https://whale-alert.io/transaction/bitcoin/a382af42a3ade150861fa4fa4b64cb2a97fcc2e1e623d52b4621f2aea77bbc19

6,427.2734 BTC have moved a few minutes ago from an unknown address to another unknown address. What doy ou think? Another institutional investor who bought OTC? A lot of institution showing interest on moving their treasury into bitcoin.
May be new year will be the one for which holder HODL.

Happy New Year

Institutional investors are buying bitcoins becasue they knw that bitcoin will become more value with every passing day. The good thing about them is that they won't well them and keep hold of them for a long period of time. Due to this reason we do not see any significant dump in the market for the last 2 months.

[hugeblack]

Do you know how big the bitcoin circulation outside exchanges? It is much more than in hot wallets or platform addresses, which means that a large part of the conversions takes place in OTC markets.

You will find that many transactions are made in amounts larger than this amount, and we cannot be sure of the accuracy of who owns that money, so we cannot consider it a measure of a potential rise.

[stomachgrowls]

https://whale-alert.io/transaction/bitcoin/a382af42a3ade150861fa4fa4b64cb2a97fcc2e1e623d52b4621f2aea77bbc19

6,427.2734 BTC have moved a few minutes ago from an unknown address to another unknown address. What doy ou think? Another institutional investor who bought OTC? A lot of institution showing interest on moving their treasury into bitcoin.
May be new year will be the one for which holder HODL.

Happy New Year

Whenever i do see some alerts or notifications on whale alerts telegram channel when it comes to big transfers then im not already getting surprised with those big numbers.

We can see those transfers but doesnt mean that we would able to know on whose that fella do able to make those nasty amounts of coins had been moved, neither those would be
intended for some sell-off or just simply being stored and transferred to another wallet.

We would only know that it had been sold when the market had dipped its price but knowing it earlier? It wont really be that possible.

[hatshepsut93]

If you don't know who owns those addresses, why even bother speculating? The possibilities are endless and it would be stupid to base any decisions on them. And even if you knew to whom those addresses belong, it still wouldn't mean something conclusive. Even if these whales move coins to exchange, there's no guarantee that they will sell immediately, or that they won't buyback quickly. It only makes sense to look at fresh transaction data if there's some big trend instead of individual events.

[Natalim]

Whales or institutional investors, we don't know, but moving from a certain wallet to another, it doesn't mean it's a sign of investment, probably someone had sold it outside exchanges, that's my theory. However, to see big numbers are moving, we can say that whales are really playing with bitcoin right now, and we don't know its implication yet but that certain amount can affect the overall market of bitcoin.

Or it could be one investor moving his bitcoin to another wallet, there could be no buying transaction here.

Anyway, all speculation here.

[michellee]

. ... Could it force bitcoin to get another correction or could it make bitcoin rise more than now?

Four hours after the transaction occurred and the price of Bitcoin is now sitting at $29,250 so if anything, it was probably done around midnight somewhere in the world to avoid detection on New Year's Eve. (And was probably an automated transaction too)

So there is nothing much change from the bitcoin price from yesterday until today because the price now is $29,400-$29,600. But if I see at the market, the progress of bitcoin price to increase still open, and hopefully, this weekend we will see another high price and who knows, the price can break $30k. The green candle comes again to the market, and I hope to push the price to increase more.

[so98nn]

Previously most such high-volume transactions were revealed to be from the cryptocurrency exchanges, who move their coins from hot wallet to cold wallet (or vice versa). Individual investors don't move their holdings that often, especially if it involves this many coins. Many of the medium-sized exchanges do hold coins in that range, so it doesn't surprises me.

Exactly, this never used to happen in the earlier days of bitcoin. Literally bitcoin was not even point of interest to many people, institutions and government as well. Since the day bitcoin has started to go up; people slowly started to enter into it. This also happened with tortoise speed when big stories were told about it. For ex, this guy has so many btc and its worth millions today, waitress sister quarrel over btc, pizza delivery boy story and much more!

These kind of turns started to heads up in mid decade eventually gaining worlds attention.

My point being at that time, it was very easy to track whether it was exchanger or some whale guy making his moves. Now a days it's completely different story.