First off, the word "Hoarding" is accurately wrong in cryptocurrency. The right word should be HODL. Si, what really is the point here? A man can't HODL his coins in peace anymore and wait for the ripe price to offload? I ain't get this.
Chinese or not, the sixth largest or not, there's nothing wrong in that.
yeah.. He/she got a loads of btc and now he/she is dumping little by little and that's why or maybe why btc price is not stable.
Seriously? Today's trading volume, for example, is equal to 700,278 BTC. So even selling 94,000 BTC in one day wouldn't impact the market big time, but we are talking here about possible selling little by little, and that's why his/her actions can't be the reason of the current price instability for sure.
Btw, I don't think that the fact the BTC came to the wallet from two different exchanges eliminates the possibility of the wallet being a cold storage of an exchange, as the article suggests.