Who is the Mystery Bitcoin Whale Buying the Dip?
Who is the Mystery Bitcoin Whale Buying the Dip?
Flicking through Twitter last night, I came across an article by my old friends at Zero Hedge. Now I know that their conspiracy theories are not everyone's cup of tea, but their highlighting of a mystery Bitcoin whale dip buyer isn't a theory and is certainly worth taking note of.
I tweeted the following Bitcoin daily chart, on which you can see the area where this so called whale last bought the dip:
BTC/USD Daily
I was personally looking at the intraday charts for a simple retest of short term previous resistance as support:
BTC/USD 15 Minute
But the fact it's back into the zone where we have whale buying, it's even more juicy and I'm expecting a continued rip from the area as a result. I don't think price wants to fuck with someone buying this much size when we know that the big Mt Gox seller is having a rest.
Thanks to Zero Hedge again for the following charts, but you can see that the buyer with the Bitcoin address of 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 bought $344,000,000 worth of Bitcoin from the 9th to 12th of February.
Jesus, right...
He's essentially doubled down and added nearly 41,000 coins for a new total of 96,000 coins. This is all up worth somewhere around $900,000,000.
Jesus fucking Christ!
Check out this chart of the account balance showing his accumulation:
This makes our Mystery Bitcoin whale who is buying the dip, the new number 3 on the top 100 richest Bitcoin address in the world:
Anyway, that's a MASSIVE account being built now. Who's going to speculate that it's someone like Goldman?
Best of probabilities to you.
Peace ✌🏻.
Instagram: @forexbrokr
Website: www.forexbrokr.com
HOLY smokes. 96,000 BTC this is very insane. I hope it's a powerful exchange or something coming in the future and not just an individual but who knows. Very cool you did all of this research and gathered this information too.
It’s an abolsutely astronomical number, isn’t it. An exchange is an interesting angle, maybe that’s it.
Lol. Read the title thinking "how about Goldman?" than clicked and read the post.
I would not be surprised at all.
Haha, it’s a bit like that.
OMG, I can't believe those figures
I think the big guys know they have to get in now. So many people are just starting to come in and when they find out about all the other coins they can use and benefit from - the big banks will feel the drain. No one likes those banks or wants to pay their fees.
But it kind of worries me that all of the coins have their whales and are even more lop-sided with the money at the top.
I found your post on twitter through my feed of steeming tweeps :)
https://twitter.com/FitinfunSharon/lists/steemit-friends.
My theory is that it is one of the banks loading up. We remember Morgan Stanley criticised Bitcoin and then loaded up at the previous bottom. This week we saw Goldman call Bitcoin a sell. Could it be the same?
See you on Twitter :)
I hope this isn't what i am thinking. That this is one kind of "correlation" guy trying to force the market into some kinds of sensible adjustments.
What do you mean by that man? Can you explain your thoughts a bit more?
Jeff Bezos or Bill Gates just speculating with some pocket money.
It’s got Gatesy’s fingerprints all over it!