848,000 BTC Moved in 8,000 BTC Chunks To New Wallets
I've been collecting some data recently to see if institutional investors are indeed "Buying The Dip" OTC, off the exchanges. While I haven't sorted through all the data yet, today I found something interesting. The top BTC wallet addresses from #123 - #229 have all been created within the past week and each had 8,000 BTC deposited in them. Totaling 848,000 BTC around $3,000,000,000.
I tracked some of the deposits back to a wallet created in 2014.
I am not sure what to make of it all though. It's a huge amount of BTC. Possibly an entity like BAKKT preparing their custodianship for the launch of the platform?
You can have a look for yourself at the addresses and follow the transactions here: https://bitinfocharts.com/top-100-richest-bitcoin-addresses-2.html
If I find anymore information I will post it in a follow up blog. Would love to hear your thoughts in the comments below.
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All I need is just one chunk 😂
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Me too, but it's looking more and more like you will need to hold it until late 2021! 🤯
Yeah, that's the worst case which is well within my expectation. I don't expect the market would back to its ATH anytime soon.
If you don't believe it is the Rothchild's holdings I would have to think you would not be thinking deep enough that would be like a penny or less to them!