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?
I think that money belongs to the whales. no way someone will just try to sell that huge amount of bitcoin on an open cryptocurrency exchange. When you are talking of money in
BTCbillions, that belongs to someone very wealthy, a trading company or an exchange itself and they repercussion of selling huge amounts of BTC. Selling that will definitely cripple the bitcoin price in the market.