20,000 btc moved

[Nwada001]

Hey
Breaking
20,0000 moved from unknown wallet to coinbase

If this amount was a figure moved from a federal wallet holding from seizure or any of such and it's being moved up to an exchange for trading or to some place where they can auction the bitcoin, then it could have been a thing of concern as it might have a negative impact on the market as it will create great fear on newbie traders and pulling off such a volume in one exchange is enough to get notice.
 
For the most part, it's okay to move coins from one place to another, irrespective of the amount you can move them from, where you feel less safe, to somewhere you feel it's much safer for you to hold that amount, so there's nothing to worry about. Even if that is for selling and the price drops, we will still see it recover over time.

[btc78]

Hey
Breaking
20,0000 moved from unknown wallet to coinbase

this is not uncommon do we really have to know every little thing or else we will mark it as suspicious? bitcoin promotes anonymity and so shall the community might be hard to wrap our heads in but some people really have 20k that they can move in or out of the exchange

[hatshepsut93]

20,000 coins is not that big amount to panic. It's not 200,000 coins or 1 million coins. It's not enough to seriously crash the market.  Also, it's not realistic that they will be dumped in one go - that would be quite inefficient because they would be filling orders with lower offers. 20k would be better sold on multiple exchanges or on an OTC desk.

Just because someone sent a lot of coins to an exchange doesn't mean they will sell them. It could be just a move to scare traders into selling coins and buying the dip.

We also don't know to whom those coins belong. It might be some business entity rather than a single whale.

[PX-Z]

Most of the time for inexperience investors, they could take this as negative and become nervous and suddenly push the sell button. And then this whales are very happy scooping those BTC from noobs.

No need to panic with those sell notifications to exchanges though. Only those paranoid are those affected. And you don't need to hate this alerts, they are more helpful on the other way around.

But yeah, in any case, we can speculate what that "unknown wallet" is.

That unknown wallet is refered as not exchange or known company, mostly are individual traders.

[sheenshane]

Hey
Breaking

Repeat slowly after me:
Nobody gives a fuck!

LOL  
Yeah, Who cares!  

This isn't new, there's a lot of big transactions that we keep seeing especially if you follow the Whale_alert Twitter account.

Most likely, it was from an exchange wallet moving their coins to another wallet, and nothing to worry about.

[adaseb]

There are billions that are being moved from time to time. What matters is where its being moved from. Many exchanges do internal transfers. The market doesn't care about these at all. Its just moving their cold storage around I guess.

The ones that matter are those held by MtGox, US Government, FTX, Satoshi, etc. If those move then it will be a significant event. Sometimes you got an old hodler from like 2010 moving his coins, those usually happening during strong bull markets. And as usual the market takes note but doesn't really care.

[Essential10]

Hey
Breaking
20,0000 moved from unknown wallet to coinbase

I felt a mix of excitement and curiosity, wondering who could be behind such a large transfer. Bitcoin world always has its share of interesting developments, and this news added some extra buzz to my day. Later I realized that there is no information mentioned for transferring large amount of BTC. Hence such discussions can only manipulate the market or create panic among traders.

[nycfed]

20,000? That doesn't seem like that big of a deal, you must think about the people who have tons of money invested into cryptocurrency.

[FinePoine0]

Hey
Breaking
20,0000 moved from unknown wallet to coinbase

LoL Bro

Will you suddenly present a word that everyone will believe? not at all. How did you know BTC was removed? I noticed you created your topic and here I see the difference.



OP So which one is Right?
20,000
20,0000

[bettercrypto]

Hey
Breaking
20,0000 moved from unknown wallet to coinbase

What do you want to point out on this topic? If you move 20,000 bitcoins or 200,000, what will happen to you now? Are you affected?
I'm just asking...

There are many whale investors who conduct transactions that involve huge amounts of Bitcoin and more. That doesn't just happen on one platform, does it? The number of bitcoins is even higher than that of other exchange platforms that carry out such transactions.

[moneystery]

if it wasn't bitcoin satoshis moving from his wallet, i wouldn't care. moreover, 20,000 bitcoins is still quite small compared to what binance and some other large holders hold, so it won't have much of an impact on the market.