{"id":425557,"date":"2020-05-29T16:00:55","date_gmt":"2020-05-29T16:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=425557"},"modified":"2020-05-29T15:33:32","modified_gmt":"2020-05-29T15:33:32","slug":"mysterious-bitcoin-whale-btc-wallet","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/mysterious-bitcoin-whale-btc-wallet\/","title":{"rendered":"Mysterious Bitcoin Whale Who Kickstarted Previous Crashes Appears Again"},"content":{"rendered":"
Blockchain data has revealed that a mysterious Bitcoin<\/a> whale that’s transacted over $350 million worth of BTC has just received a large sum of supply.<\/p>\n Data also shows that each time this wallet has received a large sum of Bitcoin, a massive selloff follows. Will this latest transaction lead to yet another catastrophic collapse across the crypto market?<\/p>\n Thanks to the transparency that blockchain provides, crypto analysts are always paying close attention to the inflows and outflows of Bitcoin<\/a>.<\/p>\n This BTC can be seen flowing into or out of exchanges, and even an individual’s wallets.<\/p>\n And while we don’t always know who the individual is behind each wallet, often information can be gleaned that may explain any intent behind the transaction.<\/p>\n Related Reading | S&P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump<\/a><\/strong><\/em><\/p>\n This intent could be moving to another wallet for long-term storage, or to a crypto exchange in preparation to be market sold onto unsuspecting buyers expecting a new bull market.<\/p>\n Recently, a 50 BTC transaction from an extremely old wallet<\/a> set the crypto community abuzz with speculation.<\/p>\n And although the funds never were sold, trigger-happy crypto investors panic sold Bitcoin fearing the worst.<\/p>\n How will they respond then, when they realize that a mysterious Bitcoin whale wallet associated with transactions that coincide with enormous selloffs may have just reloaded their cannons?<\/p>\n These are the times that the $BTC<\/a> wallet Last time was today. <\/p>\n Draw your own conclusions. pic.twitter.com\/aZX33uAOzs<\/a><\/p>\n — il Capo Of Crypto (@CryptoCapo_) May 29, 2020<\/a><\/p><\/blockquote>\nBTC Outflow Reveals Large Wallet Refuels, Past Top Ups Coincide With Drawdowns<\/h2>\n
\n
(3PzdbAwvDJ1MiE87J468MQHtK1CjBbhi8y) received supply.<\/p>\n