Post
Topic
Board Marketplace
Re: Why do whales move Bitcoin around from wallet to wallet?
by
NeuroticFish
on 31/07/2019, 11:39:29 UTC
Are they splitting the coin up into smaller wallets so they do not keep all their eggs in one basket?  Any other reasons why?

Many of those whales are probably businesses. Reasons for moving? Can be a few:
- consolidating the inputs
- move some big funds to cold wallet
- move funds out of cold wallet because of some withdrawals (move part to another address in the cold wallet, another part to withdrawal and another part to the hot wallet)