A shark holding 94,000 Bitcoins is Chinese

At the end of March, an employee at a Bitcoin forum in China was surprised to find an address that had received more than 90,000 Bitcoin.

The address of this wallet is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and currently owns 85,947 Bitcoin, after having sold 8000 Bitcoin.

A member of a Bitcoin forum in China says an organization called BABI Finance is considering wallet transactions.

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The member added:

"BABI's financial statistics show that an account tends to buy Bitcoin as it decreases. This account has now become the sixth largest purse in the Bitcoin network. The first wallet is owned by the exchange. "

According to the statistics collected, this particular wallet receives a large amount of Bitcoin through wholesale transfers from individual accounts. The second largest source of BTC transfers came from Huobi, China's electronic money exchange.

In addition, we also see smaller transfers from smaller purses, totaling 7,800 BTC. The smallest Bitcoin source for this purse is HaoBTC.com - another Chinese trading platform.

"We do not know who is behind this mysterious account. This is one of the 'charms' of the Bitcoin network. However, if you are referring to traditional financial markets, the mysterious account controller can be a long-term investment. "

There is speculation that this may be a trading platform that is setting up a cold wallet, but this theory does not seem to be feasible when we look at the fact that BTCs are coming from two different exchanges. .

We find it interesting that this mysterious character chooses to sell Bitcoin in large numbers of 2000, just like Mt. Gox did in the sell off of 16,000 BTC leading to a reduction in the price of the coin.