Do you remember that yesterday I told you that I had detected a massive movement out from the third richest wallet in BTC?
Well, today I can say that this wallet has been completely emptied.
Its current balance is "ZERO"...
Just yesterday, in the afternoon, this whale once again extracted 72,000 BTC out of its wallet...
I have done some research on the transactions of this wallet and, although at first it was clear that all these BTC have been moved to a specific COINBASE wallet, following the trail from there I have also detected that the majority (if not all of these BTC) have gone from COINBASE to another cold wallet created just a few days ago.
This new wallet has gone from 0 to 132,000 BTC in just 3 days and, therefore, is occupying position number 4 in the ranking of the richest wallets in BTC....
Consequently, this "New" WHALE is exactly the same as the "Old" WHALE since its holdings in BTC are practically the same.
I do not know for sure what the real reason was for this whale to carry out this operation but, as I am used to distrusting the most powerful ones a bit, I would not be surprised if it was simply an attempt to manipulate the price reflected in the dump that BTC made at the close of the American stock market...
I suspect that the news from TESLA in relation to the fact that they sold during the 2nd quarter approximately 75% of their BTC I do not think was the reason for the fall but this movement of 72000 BTC towards coinbase could have been detected as a high threat by the market.
We are leaves in the wind...
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I have been talking about these "false signals" for a while now... it's been going on for a while. Bad actors "leveraging" transparency...
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I wonder what sense do these glassnode stats still make...
they make sense if you properly investigate the move
I think it's very common for whales to manipulate the market with a large flow of crypto. Do you know the Whale Alert on Twitter? They probably leverage the popularity of that Twitter account to create chaos in the market.
P.S I just wrote a post about Whale Alert
https://leofinance.io/@blockbunnyorg/crypto-whale-alert-is-lying-to-you-you-misunderstood-it
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Virtually everything on MSM is lies or laced with lies so if they report that Tesla just sold 75% of their BTC holdings you can expect that we are in the beginnings of a massive bull market. LOL
I agree because those BTC were already sold!
but despite these news BTC is staying above 20k
I wasn't expecting so much bitcoin in Coinbase wallet. If Tesla sells more than half of their Bitcoin, could that lead to a huge price hike in the future?
Te dije, ayer, que movi los bitcoins a otra billetera. Y no me creiste
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😂😂😂👍🏻
@tipu curate
Upvoted 👌 (Mana: 8/38) Liquid rewards.
Grazie caro
Quick transfers of bitcoins to wallets have significant downsides to price volatility. It may sometimes lead to a loss and prices down.
Nobody knows his intention but it did push the markets down a bit along with Tesla's sale of BTC.
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It seems so weired that why he is transferring his bitcoin from one to another wallet..
manipulation