When they does push the button of Bullrun?

[Not your key not your BTC]

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

[mk4]

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

It just means that someone moved funds from an exchange to a (probably) non-custodial wallet. That's just it. Not sure what this has anything to do with a bull run. Always remember that the person that has access to the withdrawn coins can just as easily send the funds back to the exchange.

[Plaguedeath]

After all it's just your assumption for saying the funds came from the exchange and it's transferred to unknown wallet, there's a chance if the exchange send to centralized project or other exchange where they're don't have full control over their coins.

But it doesn't mean huge transfer is a sign of bullrun, there's no correlation because everyday Bitcoin is trade for around $20 Billions which is really high regardless it's bullrun or bear market.

[pooya87]

When they does push the button of Bullrun?

Only if bitcoin became centralized like altcoins where they could pump and dump it, then they can "push the bullrun button"

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

From time to time we see a centralized exchange gets hacked or scams people and runs away in which case some people lose their bitcoins. News of that reaching the media creates a wave of other people withdrawing their coins from exchanges to their own wallets.
That's mainly what we've been seeing. It has nothing to do with bullrun, etc.

If anything more coins should move to exchanges during bullruns since trading volume goes up (more people trade) hence more coins have to be there.

[Maus0728]

Well, it could be a lot of reasons! Perhaps they withdraw their large stash due to..

- Security reasons. Regardless how mainstream the exchange is, they are not exempted to hacking and maybe they came to realized that anytime they could loss their money.
- Change of exchange.
- That's their crypto and they can do whatever they want.

At the end of the day, their reason varies depending on their circumstances.

[noorman0]

-snip-
Is they understand if Not your key not your BTC?

Well that's one of the reasons, only when a case of hacking or fraud causes people's awareness of self-control to increase, lol.
Next, who knows. As for them by no means rest from their trading activities if they want. Bitcoin trading is actually more advisable to do p2p.

[big kid]

That doesn't mean anything specific. You can't call a bull run just because someone or even a few people withdrew their BTC from exchanges. Maybe they want more security, maybe they know that something is wrong with the exchange, who knows?

[ethereumhunter]

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

Why send bitcoins from exchanges to their personal wallets if it's a bull run? They move their bitcoins to their personal wallets to guard against unwanted things and so they can keep full control over their assets. The bull run button will be pressed when the time comes. You just need to wait for that moment while preparing your bitcoins to sell at peak prices. No need to worry about anything because bitcoin will rise on time.

[348Judah]

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

Moving your assets from a centralized exchange to a personal wallet that is decentralized does not make any changes to bitcoin price, I've seen alot of newbies getting too concerned these days about what triggered the bitcoin price, the simple answer is not the whales or the exchanges, it's the demand and supply, and when we talk about bullrun, we normally experience such on every four years interval that set a major drive to bitcoin ATH for its price while we are close to having or after the event, bullrun also occur on other occasions aside this major event but a new ATH may not have been set then.

[Outhue]

It's simply one of the hundreds whales out there doing their thing as usual, whales buy bitcoins and move them off centralised exchanges to their non custodial wallets or hardware wallets, so this has nothing to do with the bull run.

This thought of yours is kinda funny though, hope you aren't storing your own Bitcoin on any crypto centralized exchanges? It's foolishness to do such after what happened with FTX.

[cryptoaddictchie]

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

Could be an indicator that whales are trasnferring bitcoins to their own wallets. Since recent news about centralized exchange got become an issue as storing of coin might (surely) be compromise if the exchange pop into some serious troubles like ftx did. It does not mean they bought that from exchange, it could be seen on chain.

[drwhobox]

That is some guy with lots of money who buys a lot of bitcoin and transfers it to his wallet, where he has full control of his assets.

they know if the button has been pressed.

There is no button to press other than deposit and withdrawal. I think they pressed the withdraw button to transfer the assets to their wallet from the exchange.

[lixer]

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

That is what we call, ""whales filling their bags"". For those who have whole lot to invest, the current price is not too bad if they are going in for long term, and most of the whales keep buying throughout the period when the price was dropping or even going up since they can benefit from both sides.

Not sure what this has anything to do with a bull run.

But, remember the situation where more bitcoins are being deposited into exchange wallets, we do have bear market and then why not we assume about the reciprocal now?

[mk4]

But, remember the situation where more bitcoins are being deposited into exchange wallets, we do have bear market and then why not we assume about the reciprocal now?

Because while I'm not saying that they will — whales' bitcoin that have been withdrawn to their own wallets can just as easily be deposited back in to the exchanges when they want to. Pretty simple.

[Merit.s]

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

Transferring bitcoin from an exchange to a noncustodial wallet by whales is because they want to take full control of their coins and also it might be that they don't trust that exchange anymore and want to transfer it to another exchange. Last year FTX crash,made so many investors to know the the major disadvantage of keeping their btc is exchanges which affected them directly or indirectly. This has nothing to do with the increase in btc price,demand and supply is what controls bitcoin price. So stop thinking about the whales and exchanges,instead think on adding more btc to your wallet.

[Not your key not your BTC]

. So stop thinking about the whales and exchanges,instead think on adding more btc to your wallet.

I can't let to not think them because both is always make the price dump.

[SquirrelJulietGarden]

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

You never know what is the purpose behind those transactions to withdraw bitcoin from exchanges to personal wallets. They can do it to mislead investors and traders too and if you follow those transactions, to find reasons and make your decisions with trading or investment, you might be manipulated by whales.

Don't time the market and don't let whales manipulate your decisions. If you are a bitcoin investors, learn about its halving and four year cycles and use your money to DCA it.

https://dcabtc.com/

[tabas]

. So stop thinking about the whales and exchanges,instead think on adding more btc to your wallet.

I can't let to not think them because both is always make the price dump.

I guess you're seeing those whale alert tweets and that's making you wonder that they're really a big thing. But no, you observe again when there are huge transfers from exchanges to an unknown wallet or from an unknown wallet going to an exchange. There's nothing new with these and just set your mind that these are normal occurrence in the market that has to be done by anyone else. Before I was like that and I give meaning with such moves but then, as the market matures, you'll get to see that these transfers are just normal and nothing significant to think of. Because whether we're in a bull or bear run, this happens.

If you are a bitcoin investors, learn about its halving and four year cycles and use your money to DCA it.

Right, what we have to mind is the cycle and the upcoming halving. I guess if someone is looking for a sign then that's the sign that we're nearly gonna see the bull run again and that's every time Bitcoin halves or after it.

[Sim_card]

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

Transfer of bitcoins from one wallet to another doesn't mean that the price of bitcoin will be affected. Most times maybe the bitcoin owner might have gotten a better secured wallet than that which he was using,for instance an exchange wallet. He can transfer his bitcoin to a noncustodial wallet for him to have total control of his funds,since these exchanges cannot be trusted. We have seen and heard of such information but the price of bitcoin hasn't been affect for this transfers.

[Not your key not your BTC]

Now I understand why they withdraw from exchange (binance)