Do you think the rise of bitcoin is due to economic instability or more because of the adoption of it by major markets (Japan, South Korea)? I feel it's more caused by the latter than the former but I see how perception affects reality in this case. Japan is a HUGE factor since most innovation starts there instead of the other way around. Also, South Koreans are paying ridiculous premiums (upwards of 10-20%) just to purchase bitcoin due to their super strict regulatory processes.

As for the whale, how do we know it's any of those things? Could it be an exchange or company doing the buying? Also, when did the purchasing occur? Do we know what wallet(s) it is?