I read of someone transferring a billion dollars worth of bitcoin and some people speculated that if it hits exchanges, it would cause bitcoin to drop.Do you guys think this is the cause or maybe it's just a bear trap?
If there is no valid evidence then that is not true news. Everyone can make a lot of news about bitcoin. But make sure the news has valid proof like proof of transfer, etc. There are many speculation about why bitcoin falls. Right now it seems like investors are really panicking so they sell their bitcoin and cause prices to fall. But soon Bitcoin will definitely rise again.
Who knows it's a legit information to consider mate, and although it has not been confirmed though possible verification or fact check should be done. Some made lots of speculative news or article but it's not guaranteed believable. What's bad nowadays fake news spread worldwide specially at social media and on several websites, that's why the circulating information can be trending to anybody.
Yeah and i don't think a lot of people would take the time to go through the btc transactions and track down the wallet address where that came from. It's not going to chance any facts and events that have already happened. Of course an amount like that would definitely cause an immediate effect on bitcoin's value. But it happens everytime. It's not a special case anymore. It's not going to do us anything if we know which single transaction caused a pump or a dump.