Waoh! I never seen any transaction this big myself... I guess the confidence is getting back and people are buying into the dip already. Hope this will validate my earlier speculation about the price rallying back to 10k. Just been hopeful though.
Would a transaction from an exchange look like that though? 1 input and 1 output? A transaction with 1 input and 1 output is almost certainly going to be authored by a human hand not an algorithm at an exchange. My best guess is that it is someone moving funds into or out of cold storage. With the price crashing which of those two is more likely? Seems bearish to me.
Yeah! It doesn't look like an exchange thing and it is an individual transaction but that still doesn't proof it's bearish what if the person moves it to an exchange just as you hypothetical think he might have moved it to a cold storage? Let's watch and see, time will tell.