A bitcoin whale is ready to sell 5000 Bitcoins or already sold.

[Cryptornd]

A  Bitcoin Whale address  which created in 2013 (18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i)  has transferred all of its  bitcoins approximately 5,000 BTC at 04:50:38 on Sep 5 (UTC+8) to Kraken exchange, worth  of approximately $100 million.  The earliest recorded transaction of this address  was in December 2013, and the last one  was in May 2021.

check  more details

https://www.oklink.com/zh-cn/btc/address/18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i

[NotATether]

And how can we be sure that the source isn't also an exchange address? Because there's no way Kraken could handle $100M deposits without intensive KYC.

[blockman]

IMHO, it's no longer a big thing if a whale is about to sell or sends tons of bitcoins into exchanges. There have been monitoring apps and accounts that follows this specific action from the whales. But for most traders, this could be a big thing as it looks like an indicator as there's a possible sell-off that can happen at any time to affect the price. Whoever may be the owner of that address, deserves the profit he's about to take, after almost a decade of holding it.

[darkangel11]

This is another one of those FUD threads.
Here's the previous one: https://bitcointalk.org/index.php?topic=5411713.0

The answer is again:
-You don't know if the coins were sold or just transferred.
-Not many people choose to sell thousands of bitcoin on centralized exchanges especially old bitcoins held for many years.
-Nobody cares!. People buy and sell every single day. If you do this at a 70% discount and yearly lows, you're a fool.

[Dunamisx]

This is not the first time we are seing the moves from whales, but according to what NotATether said, how are we going to be sure of the real scenario not being linked to the exchange itself, because this is a centralized exchange and what else could be expected from such than having gone through a thorough KYC procedures else they are the ones really in charge of it, but i believe if it were to be from any other source aside the exchange then i think they would have preferred going decentralized than getting involved in a centralized mode which could renders them many restrictions from accessing the fund.

[spiker777]

A  Bitcoin Whale address  which created in 2013 (18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i)  has transferred all of its  bitcoins approximately 5,000 BTC at 04:50:38 on Sep 5 (UTC+8) to Kraken exchange, worth  of approximately $100 million.  The earliest recorded transaction of this address  was in December 2013, and the last one  was in May 2021.

check  more details

https://www.oklink.com/zh-cn/btc/address/18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i

this transaction is more than a year ago. the whale probably have sold them already or used exchange to transfer them to another wallet so he can not be traced but one thing is certain that he'll not be keeping that much btc in an exchange account for this long.

And how can we be sure that the source isn't also an exchange address? Because there's no way Kraken could handle $100M deposits without intensive KYC.

yeah but it is not such a big deal to do maximum level KYC if someone really want to do it they can do it.

[Republikcoin.com]

A  Bitcoin Whale address  which created in 2013 (18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i)  has transferred all of its  bitcoins approximately 5,000 BTC at 04:50:38 on Sep 5 (UTC+8) to Kraken exchange, worth  of approximately $100 million.  The earliest recorded transaction of this address  was in December 2013, and the last one  was in May 2021.

And what makes you have to reveal this? are you afraid of the decline that could still occur in Bitcoin? Or are you surprised that a whale had 5,000 BTC in his wallet at that time?
Because I don't find anything unique in this case and also see it as a normal thing because someone who can only have 5,000 BTC in his wallet and if it's been sold, then you don't have to worry about what the pope has done. But if it still hasn't been sold, I don't think the whale will immediately sell everything at such a low price as it is now.

[mk4]

Regardless if it was just an exchange or maybe actually a real person, it doesn't matter. Everyone has every right to buy and sell their bitcoin at whatever price they want. It's literally none of our business.

[NeuroticFish]

Trying to scare some newbies, eh?
What you posted is no useful information: it's data available to whoever wants to read it and everybody can transfer his funds wherever he wants. And we should not care.
What you posted is FUD: the numbers can be seen as big and scary by the inexperienced, but it's actually just a fraction of the coins sold and bought on a daily basis. Even more, somebody with such amounts of coins is usually not so stupid to break the price and sell at a loss.

Still, we're in bear market, so the price can still go lower (or higher!). Traders have to stay alert, HODLers can buy more or just enjoy the ride.

this transaction is more than a year ago. the whale probably have sold them already or used exchange to transfer them to another wallet so he can not be traced but one thing is certain that he'll not be keeping that much btc in an exchange account for this long.

You should take another look: https://mempool.space/tx/4e51e9c29620f676e49e4a3670be158fa626866c032b46a2a2ee254c861604c6
Even more, please don't quote such big images at full size. You can edit the img tag and change the height to make it smaller.

[P2PECS]

Regardless if it was just an exchange or maybe actually a real person, it doesn't matter. Everyone has every right to buy and sell their bitcoin at whatever price they want. It's literally none of our business.

And besides, I believe that this is of concern to short-termism. I think about holding BTC at least until 2030. If someone sells a lot of bitcoins today it doesn't affect me.

[DaveF]

Either there have been more of these FUD threads lately or I am just noticing them more.
But as others have said it's 100% not important. The average daily movement of BTC through exchanges is on the order of 1 million BTC a day. 5000 or 10000 being dumped in if it really does happen is not that big a number. And we don't know why, it's happening that is another big reason. And we don't know where that BTC came from. Fine thiis TX was to Kraken, could it be Jesse Powell's coins and he was just sending them to the exchange to store them there? We just don't know.

-Dave

[noorman0]

@Op, there are millions of crytocurrency dollars that are deposited to the centralized exchange every day, and you only speculate this one?
Besides, if thousands of bitcoin belong to someone, I doubt that he will throw away at once because the volume of demand is too small even as a binance. Maybe there are only requests above thousands of units at prices below @$100. And even then the whales will not be as stupid as being thought.

[Upgrade00]

Why does this need a thread?

Transactions are available on the public ledger, but this does not mean every transaction above a certain amount should be scrutinized.
People can choose to trade or move their coins to a different storage form when they need to

[dimonstration]

And how can we be sure that the source isn't also an exchange address? Because there's no way Kraken could handle $100M deposits without intensive KYC.

This is true. There’s a possibility too that this Bitcoin belongs to a project treasury like what Luna do when UST under attack. I think a single whale will not put all his money on exchange at a single deposit since it will be risky for him to do that. It’s more believable to assume that this money belongs to a project or group that involves on investment.

[pooya87]

And how can we be sure that the source isn't also an exchange address? Because there's no way Kraken could handle $100M deposits without intensive KYC.

I don't think the receiver's bank can handle $100 million deposit either, that raises a lot of red flags specially if it is one of those banks that are already against bitcoin and shut down customers' accounts.

Either there have been more of these FUD threads lately or I am just noticing them more.

This type of FUD increases in numbers during the times when price is either falling or at least is not rising. Otherwise there is a significant decrease (even drop to zero) of this type of FUD when price is rising.

For example I haven't seen any FUD posts about the ~4900 transactions that transferred between 10k  to 63.3k bitcoins (or $470 million to $1.5 billion) during the weeks when price was climbing up from $40k to $69k (between 2021-09-29 and 2021-11-10).
https://blockchair.com/bitcoin/transactions?s=output_total(desc)&q=time(2021-09-29..2021-11-10),output_total(1000000000000..)#f=time,output_total,output_total_usd,hash

[bitcampaign]

each exchange has its own rules for example KYC of course this big whale is not anonymous either if indeed he is going to sell 5k BTC , even though he sells i don't think the bitcoin price will drop drastically because people will buy it at the current price or he might just move to save it somewhere

[Bitstar_coin]

How long does it take to sell 5000 BTC? according to OP's post, the last transaction was in May 2021 and till now he/she hasn't sold. Why is the btc still in the wallet when it has been moved a year ago to the exchange?
Or the btc in question belongs to kraken exchange and they decided to move it from their old wallet to the exchange for reasons best known to them.

[The Cryptovator]

When this kind of news spread then I assume FUDDERS working behind that. Because we don't know exactly the reality behind of scenes. It's quite impossible to trace whether wallet owners will be sold or want to cut the chain links. I am wondering who is stupid who didn't sell in ATH and wants to sell now. Or who knows if whales manipulating markets to accumulate more at a cheap price. Everything is possible in cryptocurrency.

[Hamphser]

A  Bitcoin Whale address  which created in 2013 (18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i)  has transferred all of its  bitcoins approximately 5,000 BTC at 04:50:38 on Sep 5 (UTC+8) to Kraken exchange, worth  of approximately $100 million.  The earliest recorded transaction of this address  was in December 2013, and the last one  was in May 2021.

So what?

Its their coins and they do have the full rights whether they would be gonna selling their coins that they've been holding for too long or would just decide for it to be holded up even more
but to presume that it was sent on Kraken then it is likely that it would be sold on but well its none of our business since its his coins and needing to free up some load. 
It could really give out that impact but considering on how this market behaves or works then i wont really be stressing out myself on this particular thing.
If it dips then better have the opportunity to get in.

[CryptocurencyKing]

There are a lot of speculations on all these transfers and nothing yiu say could be very accurate but one thing is for sure,
Which ever the effect might be, the market would always aborb and recover. Maybe no one lost, as its a coin that have been hold successfully for almost a decade and the holder has deemed it fit to take profit thereby, giving others (buyers) the opportunity to come into crypto and start there journey.

In the end, it is to be said that this is cryptos and these things happen and the market accommodates its all.