Post
Topic
Board Bitcoin Discussion
Re: A whale transferred 4,500 bitcoins to Binance; Is the price drop close?
by
minairia3
on 27/08/2020, 10:17:52 UTC
but maybe he's just securing his money in a big exchange for fear of a problem with his wallet address, I'd like to see the bitcoin price drop like that you say, does bitcoin still have time to fall again
Im sure this is not his reason. In terms of safety exchange is not a good choice for securing your bitcoin. Obviously his goal is to sell or probably buy product of binance. But most accurate is he will dumped it. What else could you do right? People should not be shaken, yes it could drop the market price as it almost 50m usd but Im sure the whale is not dumb to crash the market leaving his profit get lessen. We can feel a huge drop but the price can easily bounce back right away.