Someone just bought 12000 Bitcoin on coinbase wonder why?

[nikolastech]

Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here

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[ranochigo]

Coinbase outflows are not indicative of any trading activities as they're totally independent of that. If you're talking about trading Bitcoins, you should look at the trading volume

Outflows can only tell you the amount of Bitcoins that were transferred out of the exchange. Sounds like some people can't really read the text on the graph.

[7788bitcoin]

Someone just bought 12000 Bitcoin on coinbase
This is just a shake out of weak hands, don't get folled here

Why is that when everyone purchase large quantities of bitcoin you and some think that the weak are shaking off their coins, first and foremost the miners are holding huge number of coins and they offload them to maintain their smooth functioning and they usually book their profit when the price of bitcoin is rallies as some of them are holding their coins for years for this rally.

[cr1776]

Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here

A transfer out doesn't mean that someone bought or sold, it is just a transfer.  It could be internal to coinbase, e.g. to cold storage, or it could be someone who has purchased transferring the coins off the exchange to their own cold storage.

As far as "shake out of weak hands", for every sale there is a buyer, but I agree, everyone who has mined or bought at any point through 2020 has done wonderfully. Trading and market timing may work for a while, but people who timed and got out at $20000 in the last few months has missed a huge opportunity.

[dkbit98]

Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here

This is not a a single individual who purchased and withdraw Bitcoin to his wallet but total amount of Bitcoins for specific time period and if you look at the Coinbase stats you would see that Bitcoin balance is reducing since December 2020.
And this is not the case only for Coinbase but for all other exchanges like Bitfinex, Bittrex, Bitstamp, Okex, Kraken, Huobi and other exchanges, and in addition to that it looks like miners are currently also accumulation Bitcoin.
You can see this clear trend in one of the previous detailed report from Glassnode, and that is just one more bullish case for Bitcoin but keep in mind that inflow and outflow is not totally accurate science.


https://insights.glassnode.com/the-week-on-chain-week-13-2021/

[stompix]

Someone just bought 12000 Bitcoin

No, it didn't.
And recognizing you from the other stupid topic
Why would someone just buy 14666 bitcoins on coinbase

I am trying to understand, why do you start these topics?
You have been given a lot of explanations what those graphs are the first time, why do you keep ignoring them and post the same stuff over and over? Are you desperate for attention that much (or for merit) that you're going to post a new topic like this one every week?

Also, when leaving a link make sure everyone has access to it if a screenshot would mean too much trouble for your usual two-liner post, free accounts can't see the hourly data for the last 7 days on cryptoquant.

[nikolastech]

goldman sacks is my guess they bought at 58000, don't think they like to lose money

[nikolastech]

Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here

This is not a a single individual who purchased and withdraw Bitcoin to his wallet but total amount of Bitcoins for specific time period


https://insights.glassnode.com/the-week-on-chain-week-13-2021/

Did you look link? i dont think you know what you talking about, it is 100% a single buyer, was all bought at same time within 1 hour.

[nikolastech]

Here is screenshot of the buy:
https://ibb.co/58K8Gq6

[jerrison]

People have seen the importance of Bitcoin and therefore cannot have the luxury of staying behind on the blockchain space as people are busy cashing out and making money and also storing their finances in bitcoin. If care is not taken, the price of Bitcoin can skyrocket and get to the point where affording it will be almost impossible

Someone just bought 12000 Bitcoin on coinbase https://cryptoquant.com/overview/full/413?window=hour
This is just a shake out of weak hands, don't get folled here

[iTradeChips]

goldman sacks is my guess they bought at 58000, don't think they like to lose money

Geez, that would take a long long time of waiting if they want to earn anything from this. Basically all we want to do is trade and somehow earn on all of this but if you bought bitcoins that expensive then it will take a lot of waiting before you can actually be able to get a profit from this. Times 3 for this would be more than $160,000 per Bitcoin and I think that will only happen possibly by 2030. I don't know if they have 10 years to wait for their profit.

[vintages]

I don't know but am I the only one who feel weired when people keeps monitoring who makes a certain purchase of Bitcoin from an exchange or so?

I mean, is Investing in Bitcoin making use seems to disrespect people's privacy and boundaries?

Last time I check, when people send a certain huge amount of USD to their account, many people don't monitor them like this.

[Lorence.xD]

I don't know but am I the only one who feel weired when people keeps monitoring who makes a certain purchase of Bitcoin from an exchange or so?

I mean, is Investing in Bitcoin making use seems to disrespect people's privacy and boundaries?

Last time I check, when people send a certain huge amount of USD to their account, many people don't monitor them like this.

Of course they are going to be curious, the amount that was bought is not something to scoff at, how did they disrespect the privacy when they didn't know who was behind the purchase? To answer OPs question as to why that someone has bought 12 thousand bitcoin is because they have the money to do so, as simple as that.

[Little Mouse]

It never indicates a purchase. Exchanges have internal communication in between and they also help one another to solve liquidity issue. Binance CEO Cz once said that Binance provide liquidity to a few exchanges.
So, outgoing tx isn’t necessarily a purchase. And I also doubt anyone would buy 12k BTC at this price. Maybe they would consider buying installment base.

[seoincorporation]

I don't think this is true, if someone buys 12k bitcoin the prize should go up, but now we see the prize at $56k, I looks more like someone sell that amount of bitcoin. That would explain the crash.

And is a crazy big amount of money, enough to move the markets up and down, but in the end isn't that big if you compare with the number of bitcoins traded in the past 24 hours, the total was 1,325,507 BTC, So, that 12,000 btc only represent the 1% of the market movement.

[bakasabo]

Somehow this purchase dont surprise me. Why someone bought so much Bitcoins ? Because he wanted to do that and can do that.
When will people stop having heart attacks every time someone make a large purchase or transfers funds, and stop counting other people money. Instead of wondering, I would be happy that such large amount can be bought/moved just with 1 click and without tons of bureaucratical work.

[electronicash]

i can not see what is inside the link.

Somehow this purchase dont surprise me. Why someone bought so much Bitcoins ? Because he wanted to do that and can do that.
When will people stop having heart attacks every time someone make a large purchase or transfers funds, and stop counting other people money. Instead of wondering, I would be happy that such large amount can be bought/moved just with 1 click and without tons of bureaucratical work.

its surprising. with a huge amount of money, i don't think someone in the right mind will really purchase 12000BTC on coinbase. if they are careful, they would rather be making contact with miners to make a deal between them than making a transaction on coinbase where they have to give up data. but there's always going to be someone out there who doesn't care about privacy.

[dkbit98]

Did you look link? i dont think you know what you talking about, it is 100% a single buyer, was all bought at same time within 1 hour.

Yes I did, and looks like you are very smart and know everything so please tell us all what address he used for receiving 12000 Bitcoins and maybe you even know his real name and address also.
I do wonder if you look at the link I posted looking at much bigger picture showing that Coinbase is reducing Bitcoin supply 37.4K in January, 62.1K in February, 46.3K in March and 62.4K less Bitcoins so far in April.
Is it all the same guy? 

[(o)(o)ilikeboobs(o)(o)]

I think large hedge funds have invested in Bitcoin and they will use their tricks to collect even more Bitcoins. The large amount of Bitcoins brought into personal wallets has been frequent over the long term. It is interesting to me that the more USDT that is printed, the less Bitcoin is circulating in the market.

[nikolastech]

Nice to see someone just now bought 1400 more btc