The fourth biggest wallet (whale wallet) with nearly $1 billion worth in Bitcoin, precisely 69,369 Bitcoins have moved the amount to an unknown new wallet. The exact amount of bitcoins represent a whopping $955 million in the market prices and is the first time since 2015 accordingly to BitInfocharts that the fourth largest wallet move the fortune in Bitcoin.
Not sure if the legit owners are the ones who moved the Bitcoin from the wallet, the same wallet was on dispute by criminals who wanted to crack it down to steal the funds on it as previously reported by Vice.
The movement of 69,369 bitcoins worth $955 millions came to put all the market on an alert as the price of the asset have been showing some consistent volatile and with the millionaire transfer traders are expecting to see if the price can register a plunge if those Bitcoins get in the market. Also isn't possible to assure who in fact moved those bitcoins if were the hackers who made a new millionaire crack or the legit owners avoiding to get finally cracked and lose his fortune.
The digital world is evolving and some hackers are very surprising with their techniques and anytime could crack down that wallet so I believe that the owner moved them out to a new address to be able to control and monitor his biggest and millionaire fortune.
Also to note that since 2015 that the wallet was dormant and can be a preparation to the respective owners to sell some in the next few days as the Bitcoin value have increased a lot and since 2018 it hit $14,000 value per coin. The move of this assets can be to put on market some of this or just a measure of protection of the owner, but one thing is sure the wallet just moved it to another address and the coming days will be essential to see if they will be on market or just got moved to continue on lay off and awaiting for the coming bull run on the market.
Whales have this kind of movement when the want to accumulate even more Bitcoins, they sell some of their assets taking the market to retreat and the value of the asset reduce, when it happen they just buy more and accumulate even more Bitcoin, they have the ways to do that and I consider that a "market manipulation" to buy even more assets for just selling off some of their assets.
Well, I hope they don't play this dirty game to even gain more Bitcoin, but nothing is for sure and only the owner of that fourth biggest wallet whale can say what have he planned to do in the coming days.
With the market on fire to see the Bitcoin in their All-time-high (ATH) the biggest wallets must start moving around their wealth, some to other addresses, other to exchanges in order to prepare positions to sell some of their assets, with this earn the most from the market when it can still offer them high returns of their investments. Few days back I noticed also a movement of a Satoshi-Era Bitcoins that were split into various wallets, Bitcoins made on the genesis block not moved since 2009 showing their interest in preparing position to sell some on the market and buy back when they can.
They have the ways to do that, in one sell they can earn enough money to buy back more when the market plunge, Bitcoin still have a lot to offer to the market and this ecosystem just have 12 years, still a boy in the entrance to their teen age, and whales will take the most from it!
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Very useful article