New whale bought $3 billion dollars worth of Bitcoins..

[ScamViruS]

Where small investors are getting frustrated with the bitcoin price dump and panic selling their bitcoins. And on the other hand, big investors are using this dump as an opportunity to accumulate bitcoins as much as they can. The owner of this address can be an individual or a company. Bitcoin Address: 1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd

This investor became the top holder of bitcoins after entering the market, and the owner of this address may be buying more bitcoins. So it is easy to imagine that if retail investors invest by following these smart uinvestors, they can get positive results. These investors come into the market with a long term plan, this investor may have waited long in advance to grab this opportunity. As a result, he got enough of his expected price to buy bitcoins. So all these activities indicate how much demand for Bitcoin is growing among billionaire investors.

Source:
New Whale Becomes Top Bitcoin Holder With $3 Billion Acquisition, BTC Surges To New High

Bitcoin Whale: New Player Buys Three Billion Dollars’ Worth of BTC

Source: BitInfoCharts

[1714820018]

1714820018

[kaggie]

This is likely a miner?

The transactions are <two jumps away from a mined coinbase.

[stompix]

I wish journalists would take two seconds to actually understand what they are writing about.

There is no new whale, all those funds sitting in the new address:
https://bitinfocharts.com/de/bitcoin/address/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd
have come from here:
https://bitinfocharts.com/de/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ

You can see pretty well all the movements:
1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ>1FzWLkAahHooV3kzTgyx6qsswXJ6sCXkSR>1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd

And no, that's no new whale and no older whale, that's Coinbase (the company) wallet and they are just moving funds to a new adress.

[Upgrade00]

And no, that's no new whale and no older whale, that's Coinbase (the company) wallet and they are just moving funds to a new adress.

If you don't mind my asking, how can one deduce the specific exchange an address belongs to?
I'm aware it's possible to use available blockchain activity to recognize addresses belonging to exchanges and individuals alike, but I'm not sure how to identify which particular exchange the address belongs to.

My best guess is that some exchanges have addresses which have been made public at different times.

[kaggie]

If you don't mind my asking, how can one deduce the specific exchange an address belongs to?
I'm aware it's possible to use available blockchain activity to recognize addresses belonging to exchanges and individuals alike, but I'm not sure how to identify which particular exchange the address belongs to.

My best guess is that some exchanges have addresses which have been made public at different times.

This is a Coinbase wallet: https://bitinfocharts.com/de/bitcoin/wallet/Coinbase

It's identified because people transfer their Bitcoin to Coinbase regularly, and so you can track the amounts.

1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd is likely a Coinbase wallet because it is unlikely that they would transfer $3B to another group, especially at such regular steps and in such large amounts. This is not 100% confirmed, but a very good guess. Nearly all of those transactions are immediately from the Coinbase wallet or <2 jumps away.

[livingfree]

Most of these wallets that holds a lot of bitcoin owns by company and most likely they're exchanges.

I think an individual that has a lot of bitcoins in store is likely to scatter it with different wallets, unlike these exchanges, they're sitting all that they've got into likely a few wallets as a cold storage.

And anytime a huge accumulation happens, there goes the media and will write it down for them to have a free content which usually happens and is nothing new.

[ScamViruS]

I wish journalists would take two seconds to actually understand what they are writing about.

There is no new whale, all those funds sitting in the new address:
https://bitinfocharts.com/de/bitcoin/address/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd
have come from here:
https://bitinfocharts.com/de/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ

You can see pretty well all the movements:
1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ>1FzWLkAahHooV3kzTgyx6qsswXJ6sCXkSR>1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd

And no, that's no new whale and no older whale, that's Coinbase (the company) wallet and they are just moving funds to a new adress.

After seeing the transection, the journalist published the news without any verification. And since I saw the news on a popular news portal, I also thought that the owner of this address is really someone. For what purpose the journalist has published this news, he probably knows well, otherwise how could they not identify the coinbase address. And I also thought that any company owns this address, finally it turns out that coinbase owns this address.

[stompix]

If you don't mind my asking, how can one deduce the specific exchange an address belongs to?
I'm aware it's possible to use available blockchain activity to recognize addresses belonging to exchanges and individuals alike, but I'm not sure how to identify which particular exchange the address belongs to.

As an individual, the only way is to deposit coins to that exchange and just trace their journey, at least they will at one point link to the hot wallet, and from there you can start guessing if larger fixed sums of coins get on regular interval moved to another address that that might be their cold wallet. But once you have data from multiple sources and multiple users and you can start making differences between transfers to cold wallets to other exchanges (that also happen all the time) people can start pinpointing those wallets more accurately.
Tracking is the best way, those coins have to go somewhere and it's not like an exchange will use a tumbler to hide the traces.

For what purpose the journalist has published this news, he probably knows well, otherwise how could they not identify the coinbase address.

Because they have quotas for articles and quotas for click bait titles.
How many do you think would have read the article "Coinbase moves its coins to a new wallet"?

[hZti]

Because they have quotas for articles and quotas for click bait titles.
How many do you think would have read the article "Coinbase moves its coins to a new wallet"?

I think the same. This news was made by an author who wanted to do an article that people that are not that educated in the bitcoin space would read and that seems plausible. If you read more deeply in that topic you will find out that its just speculation that can never be proven. Still the author got what he wanted and thats your click and his ad revenue.

[Bitcoin_Arena]

After seeing the transection, the journalist published the news without any verification. And since I saw the news on a popular news portal, I also thought that the owner of this address is really someone. For what purpose the journalist has published this news, he probably knows well, otherwise how could they not identify the coinbase address. And I also thought that any company owns this address, finally it turns out that coinbase owns this address.

The title alone is more of a clickbait by the author in order to get masses clicking on the article to read further about the "new whale" 

IMO, I don't even care if a whale buy lots of Bitcoins and sends them to a certain address. They can offload the Bitcoins any second, so It does not matter that much.

[Stella Mese]

everyone has different views, and opinions, especially in the case of bitcoin's decline, there are some people who hold bitcoin and don't sell it, some panic and sell it because they are afraid that the bitcoin price will not come back again, and most of those who sell it are beginners in bitcoin, because I've also experienced this before and panicked when the bitcoin price dropped. but with the news and news from you, it is very good and motivating for new bitcoin investors, and a lesson for all of us, because with news from you it will make bitcoin holders spirit. and indeed it is very feasible bitcoin to be used as a long-term investment.

[amishmanish]

The problem with journalists is that they often had to write stories on stuff they know little about. So in order to write a good story, they end up creating sensational stories. We need to rational heads here. Thanks for correction I believe the change had been made in actual media story as well.

[mk4]

I wish journalists would take two seconds to actually understand what they are writing about.

There is no new whale, all those funds sitting in the new address:
https://bitinfocharts.com/de/bitcoin/address/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd
have come from here:
https://bitinfocharts.com/de/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ

You can see pretty well all the movements:
1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ>1FzWLkAahHooV3kzTgyx6qsswXJ6sCXkSR>1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd

And no, that's no new whale and no older whale, that's Coinbase (the company) wallet and they are just moving funds to a new adress.

Taking a look at the amount and without even reading your reply, I automatically thought it was either an exchange, or some sort of hedge fund. Like, what are the chances that a multi-billionaire just right out buys $3b in bitcoin? Quite low.

[pooya87]

The problem with journalists is that they often had to write stories on stuff they know little about. So in order to write a good story, they end up creating sensational stories. We need to rational heads here. Thanks for correction I believe the change had been made in actual media story as well.

There is a whole business built around fake stories, namely Whale-Alert. It is not just the news sites that try to make money with clickbaits, at times they even try to manipulate the market. Basically they look at the blockchain and build a story around transactions. If they can find any link to an exchange they make their fake story more believable.

90% of the time the fake story is about someone dumping bitcoin though, I rarely see one about someone buying bitcoin.

[Cookdata]

It is kind of odd for such kind of wallet to have that kind of bitcoin held on a single wallet, let's assume that it is an exchange wallet which in this case is assumed to belong to coinbase but most exchange cold wallets are always multi-sig wallet for security reasons but this is an old wallet legacy address.
If you look at the transaction with this wallet address 1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd
I'm a bit sceptical about why will MicroStrategy send bitcoin to coinbase wallet, if they are doing an OTC transaction, it should be that it is the exchange wallet that should be sending bitcoin to the MicroStrategy wallet. Also, the assumed coinbase wallet just had only incoming transactions and not a single outgoing transaction which leaves me with the question that where will they have bitcoin to settle some institutional investors who subsequently withdraw or even trade bitcoin if that wallet belong to coinbase.




More detailed interaction between MicroStrategy, other wallets and 1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd, you can see that coinbase wallets are also sending bitcoin to Microstrategy and then later sent to the legacy wallet address.

[kryptqnick]

I think it's actually a good story to show that some people care way too much about whales and believe in their ability to manipulate the market. Someone buys $3 billion worth of Bitcoin, and the event gets some media attention. So aside from the purchase itself, there's also a bit of FOMO going on. The price goes up by less than 10% over a course of several days, and then drops back to the pre-purchase level in a couple of days more. That's what $3 billion does to the market. So manipulating it is MUCH harder than some assume. And that's assuming it's a single person which, chances are, it's not.

[stompix]

More detailed interaction between MicroStrategy, other wallets and 1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd, you can see that coinbase wallets are also sending bitcoin to Microstrategy and then later sent to the legacy wallet address.

I see you mentioning that name 3 times and labeling some addresses as such but can you please elaborate:
- what addresses are those owned by MicroStrategy as you never mentioned them
- why do you think those are owned by them at all other than having a lot of coins?

Still the author got what he wanted and thats your click and his ad revenue.

Unfortunately for him, I use uBlock and  so his add revenue is zero! 

[Lucius]

I see you mentioning that name 3 times and labeling some addresses as such but can you please elaborate:
- what addresses are those owned by MicroStrategy as you never mentioned them
- why do you think those are owned by them at all other than having a lot of coins?

There are some rumors that Microstrategy has allegedly sold or at least moved their Bitcoin based on 2 addresses that some believe are in their possession. I know that something was written about it in the main MS thread some time ago, but I don't remember how that discussion ended about whether these are addresses from Microstrategy or if there is some other explanation.

Maybe @fillippone has some information about it, considering that he is very well versed in everything that happens with that company.

[fillippone]

Maybe @fillippone has some information about it, considering he is very well versed in everything that happens with that company.

I retain many doubts about Microstrategy selling their stash.
I am going to post here the first three reasons that come to my mind, in relative order of importance:

• To date, any labelling of a bitcoin wallet to Microstrategy appeared shady or tentative to me. I guess their UTXO management is very wary of privacy considerations, so I tend to believe that any labelling is improbable, to say the least.
• As Micheal Saylor said, Microstrategy is a listed company, hence any movement in their Bitcoin Stash, as a price sensitive informa to in, as to be readily disclosed to public. So there cannot be things as “rumours”. This is more true when the alleged sell is not negligible.
• Micheal Saylor reiterated also recently that any sell in Bitcoin is against their “Bitcoin Strategy” so I tend to believe they are not selling.

[kensaii]

More detailed interaction between MicroStrategy, other wallets and 1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd, you can see that coinbase wallets are also sending bitcoin to Microstrategy and then later sent to the legacy wallet address.

I see you mentioning that name 3 times and labeling some addresses as such but can you please elaborate:
- what addresses are those owned by MicroStrategy as you never mentioned them
- why do you think those are owned by them at all other than having a lot of coins?

Still the author got what he wanted and thats your click and his ad revenue.

Unfortunately for him, I use uBlock and  so his add revenue is zero! 

Worse, you wasted their bandwidth data so they were with the net loss, not you! Take that shitty unethical journalism site. I know the server's bandwidth nowadays is dirt cheap but if only 100% of users clicked on that article come with ad block like you, the site would be at the net loss.

I retain many doubts about Microstrategy selling their stash.
I am going to post here the first three reasons that come to my mind, in relative order of importance:

• To date, any labelling of a bitcoin wallet to Microstrategy appeared shady or tentative to me. I guess their UTXO management is very wary of privacy considerations, so I tend to believe that any labelling is improbable, to say the least.
• As Micheal Saylor said, Microstrategy is a listed company, hence any movement in their Bitcoin Stash, as a price sensitive informa to in, as to be readily disclosed to public. So there cannot be things as “rumours”. This is more true when the alleged sell is not negligible.
• Micheal Saylor reiterated also recently that any sell in Bitcoin is against their “Bitcoin Strategy” so I tend to believe they are not selling.

Not sure but a change in Microstrategy recently where Phong Le succeeded Saylor as CEO implies they might start to abandon their 'old core' around Micheal Saylor's beliefs. Perhaps a more pragmatic approach even though Phong Le reiterated the same thing as Micheal Saylor, about HODL Bitcoin under his watch as well.