Breaking Whale Alert: $257 Million Worth of BTC Were Sent From an Inactive Address

[PRIBO247]

A Couple of minutes ago, one of the top twenty
wealthiest Bitcoin addresses had sent an enormous
amount of 66,233 BTC, which worth a little more than
$257 Million. This address hadn’t been active since
2014.

The destination is unknown as of writing these lines.
It’s most likely an OTC address since such huge
amounts can cause severe dumps very easily. The
amount of Bitcoins that were sent is even higher than
the last day’s trading volume of Binance – $205 Million
and Bitfinex $155 Million.

What Could Be The Outcome?
It sounds horrifying for the bulls, however, in case the
destination is the OTC market, there should be no
significant effect on the secondary markets (the
exchanges). This is coming from the reason that for
every trade, there are basically two sides – a buyer and
a seller.

In the less-likely scenario that the destination is an
exchange, then the situation might get very choppy for
Bitcoin. This might turn out to be a price manipulation
and can lead a dump of the Bitcoin’s price to the $3000
area. Always keep in mind that any seller, especially
who sells such amount, would like to maximize it’s
average selling price and not to maneuver the price.

Source : https://cryptopotato.com

[dragononcrypto]

I just tweeted an update about this, since media outlets don't seem to picked up on this yet. Only where the BTC is coming from, not where it's going to:

First 66K $BTC, then 15K & 13k. Where's all the #Bitcoin going? Divided into 100 bunches, then broken up again a few times, then recombined into 70 wallets holding 8,000 BTC (ranked 135-205). Check it out for yourself: https://bitinfocharts.com/top-100-richest-bitcoin-addresses-2.html  market opening soon maybe?

Source of transactions: https://twitter.com/whale_alert