A Bitcoin Whale Sends BTC Full $ 720 Million to Wallet, Now What?
There are interesting developments in the crypto world. Unknown to a Bitcoin whale sent BTC with a value of 720 million. How can we put this down?Bitcoin Whale Scaring Sector
According to a Reddit user, the $ 720 million whale sent BitBinx and Binance a total of $ 720 million for a total of $ 100 million in ten days. There are a total of 111,114 BTCs in the Wallet. This figure is 0.52 of the total amount of Bitcoin.See also: If the Wallet of Silk Road Has Been Loaded, Is Bitcoini Black Days Waiting?
According to the reddit user u / sick_silk, there are two possibilities for addressing the wallet. The first one may belong to Silk Road, which we have previously referred to as coinmedia. Because of the drugs, pornography and hacking attacks, many of the illegitimate business, such as the channel to translate Dark Money money laundering may be.
The second possibility may be one of the early stages of bitcoin, which is not far away.
Should we be worried?
The question to be asked is, what now? Will it be a price manipulation again? If you ask whether the markets can be manipulated with such a loaded BTC, they will even use a poem as an amyane. Because the effect of one dollar on the stock market is exactly 25 times. With $ 720 million, BTC will have about $ 20 billion in effect when it comes to the market, and BTC can't hold back even 6,000 support.
In addition, the experience is so constant that the result of such a large movement has led to a decline in the market. This is our bad script!
In a more optimistic scenario, perhaps one person carried $ 720 million bitcoins to his personal wallet on the stock exchange to wait for a rally in the long run. However, this is unfortunately low!
u / sick_silk, the Reddit user wrote:
Ilişkili Apparently this huge wallet is associated with the owner #SilkRoad.
However, after doing some research, he wrote that the u / sick_silk wallet is more sure that it belongs to the old Mt Gox. This theory was also supported by Bitcoin security expert WizSec.
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