Recently, the Crypto Assets market experienced significant turbulence. A Bitcoin Wallet that had been dormant for many years suddenly became active, dumping as much as 40,000 Bitcoins within just two days, equivalent to over 20 billion RMB. This action not only put immense pressure on the market but also sparked various speculations about the seller's identification.



Through in-depth analysis, we can draw some interesting conclusions. First of all, the "whale"'s identification is unusual. Being able to hold such a large amount of Bitcoin since 2014 without moving it indicates either a person with strong financial resources and an extremely stable mindset, or someone who, for certain reasons, cannot operate their Wallet. Both of these situations point to some special individuals.

Secondly, the method of dumping is quite sophisticated. Choosing to conduct large over-the-counter transactions through Galaxy, a compliant company listed in both the United States and Canada, indicates that the seller likely possesses a special background and channels.

It is worth noting that during the dumping period, certain political figures suddenly promoted policies related to Crypto Assets in a high-profile manner, which seems to be suspiciously covering up the dumping behavior. Combining information from various sources, some people boldly speculate that this mysterious "whale" may be related to certain high-level individuals.

This large-scale dumping is not just a simple market behavior; it may also suggest that some important figures are beginning to exit the Bitcoin market at high levels. Without new large capital inflows, Bitcoin may struggle to see explosive trends in the short term.

For investors, this event reminds us that while paying attention to price fluctuations, we should also focus on the underlying capital flows and the movements of the operators. Beneath the surface of the market, there often lie deeper games at play. In this rapidly changing world of Crypto Assets, insight and calm judgment are especially important.
BTC0.36%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
0xTherapistvip
· 07-18 22:55
Shivering, who will the next Whale be...
View OriginalReply0
FloorPriceNightmarevip
· 07-18 16:14
Who would dare to be a sucker while wearing the title of prophet?
View OriginalReply0
ChainBrainvip
· 07-16 07:54
This wave is running a bit fast.
View OriginalReply0
TokenSherpavip
· 07-16 07:52
actually, their on-chain governance structure tells us everything we need to know...
Reply0
GateUser-3824aa38vip
· 07-16 07:42
Which pro is dumping again, losing money like crazy?
View OriginalReply0
TrustlessMaximalistvip
· 07-16 07:41
Be Played for Suckers harvesting machine is now in operation~
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)