this is old news
it was talked about a few days ago with a similar thing.. whereby coins that were generated in 2009. were spent into exchanges like mtgox and the stash in mtgox from 2013 is now moving due to the bankruptcy administration..
whales are people holding 100k plus. like M.saylor, or other entities that OWN their stash..
this however is not a whale, but a shark.. and also its a mtgox stash. thus not an individual owner but a small part of mtgox total hoard stuck in bankruptcy administration
this event is not a sell-off. its just a re-organisation of the mtgox stash ready to pass out to creditors in the future (moving from cold to hot wallets so to speak)
There we go, I didnt bother reading replies after this post.
Its amazing how this sort of news gets a lot of attention and how it can affect the markets
because of FUD. Some people who get affected by big movements of Bitcoin cant see
that it only affects the markets on the short term.
The sooner the mtgox stash gets divvied out the better, it will put an end to some peoples
nervousness. . .