Confirmed Manipulation , IMO

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Do you remember that yesterday I told you that I had detected a massive movement out from the third richest wallet in BTC?
Well, today I can say that this wallet has been completely emptied.
Its current balance is "ZERO"...

Just yesterday, in the afternoon, this whale once again extracted 72,000 BTC out of its wallet...

I have done some research on the transactions of this wallet and, although at first it was clear that all these BTC have been moved to a specific COINBASE wallet, following the trail from there I have also detected that the majority (if not all of these BTC) have gone from COINBASE to another cold wallet created just a few days ago.

This new wallet has gone from 0 to 132,000 BTC in just 3 days and, therefore, is occupying position number 4 in the ranking of the richest wallets in BTC....
Consequently, this "New" WHALE is exactly the same as the "Old" WHALE since its holdings in BTC are practically the same.

image.png

I do not know for sure what the real reason was for this whale to carry out this operation but, as I am used to distrusting the most powerful ones a bit, I would not be surprised if it was simply an attempt to manipulate the price reflected in the dump that BTC made at the close of the American stock market...

I suspect that the news from TESLA in relation to the fact that they sold during the 2nd quarter approximately 75% of their BTC I do not think was the reason for the fall but this movement of 72000 BTC towards coinbase could have been detected as a high threat by the market.

We are leaves in the wind...

@toofasteddie

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I have been talking about these "false signals" for a while now... it's been going on for a while. Bad actors "leveraging" transparency...

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I wonder what sense do these glassnode stats still make...

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they make sense if you properly investigate the move

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Virtually everything on MSM is lies or laced with lies so if they report that Tesla just sold 75% of their BTC holdings you can expect that we are in the beginnings of a massive bull market. LOL

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I agree because those BTC were already sold!

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but despite these news BTC is staying above 20k

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I wasn't expecting so much bitcoin in Coinbase wallet. If Tesla sells more than half of their Bitcoin, could that lead to a huge price hike in the future?

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Quick transfers of bitcoins to wallets have significant downsides to price volatility. It may sometimes lead to a loss and prices down.

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Nobody knows his intention but it did push the markets down a bit along with Tesla's sale of BTC.

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It seems so weired that why he is transferring his bitcoin from one to another wallet..

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