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

[GreatArkansas]

The answer is again:
-You don't know if the coins were sold or just transferred.
(...)

Exactly. Not all are guaranteed to sell their Bitcoins once transferred to the exchange, no one can know here except for the exchange itself.
Some could be only a FUD or trying to manipulate the market.
Another thing is maybe this is just for the show of the owner of the wallet like trying to manipulate the market. Some also use exchanges to hold their Bitcoins but that kind of amount seems too much to hold on exchange. We'll never know.

[ChiBitCTy]

You have to wonder how many coins this person has overall. Im kind of doubting that this is their only wallet. Holding ever since 2013 shows a ton of patience / diamond hand, plus is nearly 100 million, I sure would be selling all of it when bitcoin is just in the 20k range.

[Baofeng]

Nice FUD there, and I think this the problem right now, everyone is looking for this old and big holding of bitcoins and monitoring it to the max and see where and when it will move. And then created this thread and show it publicly, Lol, very lame attempt.

For sure majority of us here knows what the narrative behind this, but the good thing is that nobody cares this 2022. We're getting tired of this rinse and repeat kinda of thread in the last couple of months. "This and that whale move xxxxxx amount of bitcoin". Whatever!!!.

[mk4]

i think what he meant to say is that the price of bitcoin might get dumped a little if that guy or that company tried to sell it all at once, maybe he just wanted to warn us about it, $100 million dollars is quite a lot, if dumped it we'll see a decrease in the price of bitcoin and therefore in the whole market.

And yet, it still doesn't matter. Even if it actually is going to be sold, this isn't the first time and this definitely isn't the last time such an amount of coins will be sold. Yet another nothingburger in the long run.

[LittleBitFunny]

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.

i think what he meant to say is that the price of bitcoin might get dumped a little if that guy or that company tried to sell it all at once, maybe he just wanted to warn us about it, $100 million dollars is quite a lot, if dumped it we'll see a decrease in the price of bitcoin and therefore in the whole market.

100 million would be huge for retail investors but still not a huge amount of bitcoin if you compare it to the bitcoins Tesla owns. Even if Tesla sold most of its bitcoin to the market and they announced it then. Then you can also see it has an effect on the bitcoin price in the market, but it doesn't last and bitcoin recovers after that.

They are just like us, they are investors so they have the right to sell their bitcoins and this is completely normal. Don't exaggerate the news and even if they sell all that bitcoin, there will be buyers and it won't increase the bitcoin supply either. It's not as scary as people think.

[Piesel]

That wallet could be an exchange got wallet holding the Bitcoin since 2013  and making transfer to the exchange is not a guarantee that the bitcoins are about to be plugged into the market.

We are already used to thos kinds of news and speculations, and one of the questions you should ask yourself is, why haven't the 5,000 Bitcoins been sold when the price was 60k and why wait till when the price is below 20,000 before making the sale attempt? As far as a know this kind of huge Bitcoin movement is not new to us else should get used to them and stop creating news each time there is a Bitcoin movement between wallets.

[kotajikikox]

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

What this kind of thread will bring us? what is the main objective of posting this here? are we gonna post every transaction each Bitcoin holders? because for me it is a rights of every holders/users on how they will move their coins , and what you know if this has been sold or just to be transferred to other exchange ?
though this is a big amount , yet this post is nothing but just a pure FUD spreading for me.

[Cryptmuster]

Exactly. Not all are guaranteed to sell their Bitcoins once transferred to the exchange, no one can know here except for the exchange itself.
Some could be only a FUD or trying to manipulate the market.
Another thing is maybe this is just for the show of the owner of the wallet like trying to manipulate the market. Some also use exchanges to hold their Bitcoins but that kind of amount seems too much to hold on exchange. We'll never know.

Sending such a large amount to the exchange for storage is very stupid, these are too big risks. Even if this is agreed with the exchange for the purpose of manipulation, it is still too large an amount to be sent anywhere from your address.
And I can't believe that someone decided to sell bitcoins now that the price has dropped so much, it just doesn't make sense.

[Mauser]

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.

That is crazy, why would you be selling 5000 BTC right now? This doesn't really make sense to me. The bitcoin price has been hovering between the 20-25k USD barrier for months now, nothing really changed except that the price dropped below 20k again. It doesn't really seem like the time to panic and sell all the coins at once. I mean if you sit out the bear market for so long, why give into the selling pressure now? If he needs some money quickly than he could sell only a few coins to cover his cost, but selling all is a bit excessive. He is missing out on so much potential profit once the Bitcoin price recovers. In my opinion the time to sell this year was when the Russia - Ukraine war broke out, you either believed the world is going to go into a big crisis or will recover soon again. If you held your coins for 6 months now already it seems way too late to sell now. But then again if you have the BTC since 2013 you are already made so much profit that a 100m USD payout will set you for live.

[spiker777]

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.

you are right. but it is just that if such a huge amount of Bitcoins gets sold suddenly. it'll possible impact on entire bitcoin market and its price and other bitcoin holders and investors would possible be affected too.
that's why wnenever such large Bitcoin transaction or sell happen. everyone start getting concerned.

[Pierre 2]

If you regularly follow whale tracker account (s) on Twitter you would observe big coin moves (not only Bitcoin even) happen every other day. Its definitely hard to be sure who owns these coins and what exactly is their plan/end game there. I feel like someone who didn't sell for years would only use these Bitcoins (or invest) but not sell. Its definitely big move for network but yet still its not something catastrophic.

[Piesel]

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.

you are right. but it is just that if such a huge amount of Bitcoins gets sold suddenly. it'll possible impact on entire bitcoin market and its price and other bitcoin holders and investors would possible be affected too.
that's why wnenever such large Bitcoin transaction or sales happen. everyone start getting concerned.

I don't think the 5000 bitcoins can have that much impact on the price of Bitcoin considering the Bitcoin daily trading volume, and not forget to mention the fact that we are already in the bear market where a lot of weak hands will Panic and sell, but that is not a good decision any ways to sale when the price is low such as this will only lead to loses.

[Minor Miner]

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.

you are right. but it is just that if such a huge amount of Bitcoins gets sold suddenly. it'll possible impact on entire bitcoin market and its price and other bitcoin holders and investors would possible be affected too.
that's why wnenever such large Bitcoin transaction or sales happen. everyone start getting concerned.

I don't think the 5000 bitcoins can have that much impact on the price of Bitcoin considering the Bitcoin daily trading volume, and not forget to mention the fact that we are already in the bear market where a lot of weak hands will Panic and sell, but that is not a good decision any ways to sale when the price is low such as this will only lead to loses.

This is a large amount of bitcoin, not a small amount, if sold at the same time, it will certainly have an impact on the price of bitcoin.
Selling a large amount of bitcoin to the market like this usually happens in 2 cases: some people will feel more fear and panic which can lead to dumping of their bitcoin but there will be many people eagerly waiting for this large amount of bitcoin to be sold which will cause dumping in the market and it is a good opportunity for them to accumulate bitcoins at bargain prices. Selling large amounts of bitcoin is not a bad thing, it is an opportunity.

[mk4]

I don't think the 5000 bitcoins can have that much impact on the price of Bitcoin considering the Bitcoin daily trading volume, and not forget to mention the fact that we are already in the bear market where a lot of weak hands will Panic and sell, but that is not a good decision any ways to sale when the price is low such as this will only lead to loses.

Not unless the owner dumps the 5000 BTC on spot in one go, which shouldn't be the case if he/she has half of a brain. It's either going to be done through TWAP, or through OTC; whereas both options should significantly decrease the sell offer's effects on the market.

[Reatim]

I don't think the 5000 bitcoins can have that much impact on the price of Bitcoin considering the Bitcoin daily trading volume, and not forget to mention the fact that we are already in the bear market where a lot of weak hands will Panic and sell, but that is not a good decision any ways to sale when the price is low such as this will only lead to loses.

actually it is not about that 5000 bitcoin instead those whales or those other that will be affected of this action as we knew that bitcoin supporters can be easily affected by those action making them sell also their funds.
I don't know where this selling may come but one thing for sure this will come to even bad market as we are still in fud now and bearish market.

[buwaytress]

OMG how scary. $100 million dollars sent to Kraken, I bet their orderbook is going to get eaten up and price will crash everywhere.

And omg how stupid of someone to send something like that to an exchange, much risky, how dare them!

Anyway, past 24 hours transaction volume: 5 Million BTC.

Past 24 hours trading volume: 1.6 Million BTC

Remind me again why 5000 BTC is a big deal?

[smartaction]

Someone transferred his 5000 bitcoin from his personal address. how can you sure he / she sold his bitcoin ? i don’t think someome can deposit his 5000 bitcoin in one transcation in centralized exchange . and all centralized exchange ask kyc verification for deposit & withdraw largest amount and if someone pass kyc on centralized exchange with his/her NID/Pasport or Driving licence then he/she will get withdrawal limit 100 BTC in a day.. then why someone can deposit 5000 btc in one transcation on centralized exchange for sell his btc ?

[Artem Sereda]

I wonder if he is afraid that his acc can be blocked? Or it is a person who definitely has contacts inside the exchange.

[rendravolt]

Someone transferred his 5000 bitcoin from his personal address. how can you sure he / she sold his bitcoin ? i don’t think someome can deposit his 5000 bitcoin in one transcation in centralized exchange . and all centralized exchange ask kyc verification for deposit & withdraw largest amount and if someone pass kyc on centralized exchange with his/her NID/Pasport or Driving licence then he/she will get withdrawal limit 100 BTC in a day.. then why someone can deposit 5000 btc in one transcation on centralized exchange for sell his btc ?

I'm also not sure what happened, it also seems impossible for one person to deposit 5000 btc in 1 transaction. As far as I can see it probably has something to do with the kraken exchange and it was done by an important person on the platform.

[ethereumhunter]

Better not to worry too much and see what happens in the market later. And if the whale sells its bitcoins for 5k bitcoins and the market moves downwards, that would be a good time to buy bitcoins because the price will go down. But if you panicked thinking you were too late to sell it now, you're mistaken because the price of bitcoin will increase again. And if you sell it right away when the price goes up, you'll regret it when you find out the price has started to increase again. So be patient and stay prepared for all that could happen.