Post
Topic
Board Bitcoin Discussion
Re: Whale owning more than $1 billion BTC just moved 66,000 BTC - Poss Dump Incoming
by
neemaj
on 04/12/2018, 23:47:22 UTC
Full story - https://beincrypto.com/bitcoin-whale-moves-66000-btc-is-a-dump-incoming/

What do you guys think, anybody know if it's possible to check if any of the recipient wallets are exchange addresses?

Last time something like this happened it was a Mt. Gox trustee and the market dumped hard shortly after.



Yes. You can check various chainanalysis tools. Recipient address appears to belong to Coinbase according to one of the tools. Source in 2013 .. not much interesting, partly also Coinbase, Mt. Gox, some other exchanges. I have never seen the bech32 transfer to 100 different addresses before.. it's reasonable to assume it was done by an exchange.