i've got a question.. so the sell wall whale is selling 30k coins via an exchange. how's he going to deposit that $9 million into his bank account without arousing suspicion?
No, he plans to buy back around 400-600, thereby halving his money. He will do this repeatedly in order to get rid of all his money and avoid suspicion.
edit: I have no idea about this. There are too many reasons why this human could be doing this.
It´s no human. It´s a bank, goverment o corporation group.
Link?
Link? Do you think all the people have 20 millons usd to play with bitcoin and lose millons selling low only to manipulate the price? This is a group, bank, goverment or walls street.
Maybe someone know something we don´t know, like mass adoption of bitcoin in one big industry or country and they try to buy low a mass lot of bitcoins before releasing the news.
3 years ago, 30k BTC was easily a sum that could be earned by an mediocre SR drug dealer.
It's all an exciting world of conspiracies for the average bitcoiner. All the drops surely have to be a part of some bigger scheme, that probably involves key power players of global magnitude.
This is all exciting and fun!
It would be boring to just admit that the big majority of bitcoins are held by unknown people with unknown intentions. Because you would have to remember, that only a small fraction has been publicly claimed, with also stating the owners intentions.