06-16-2021, 10:51 AM
So one of the biggest BTC holders sold today - now what?
<!-- SC_OFF --><div class="md"><p>They sold around 1500 BTC, so basically a fraction of their holdings. </p> <p><a href="https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ?__cf_chl_jschl_tk__=3b24f1d0d662b1aa0c43063429f8b5dfda0bcf6e-1623172300-0-AeQqEC0iMq42aMRaGpxBlokkIljDaItEBkRxTj_L5EBSpz_3yA86tzDHg8KR_jEbq9Nuz-NdEXv-TpY8-Zy_wTjyd7oaFl9A2pQ-r88ZD95d3tjiBQrmphZswHDSLf85H3kLbEsIaIeapLQ9Iex051pcjZqZXgOzrHNTa89dHefM6D128FkHesev1OjMlgEKfTOYVPUcTcgKq0E4AEpPltAYqNKRUebGYMR9mAcWUSRIvdiBoqjqTTeeUbtNYVbpEu8Y2lGt5fYVEzsyVDBo1v9hXSz1mo_vc-G1ASs6vpsD_WA1mXH7pBUTwyhP0fktLDTZ6JpCfidBzYEnzKU33L0pb2sbPwTjsfw562rB1Guv8pT_dlD8h8MRDnGmsy3711sqHxTWfNmMqWjfic05VucGc2EMxM5xXfRqRA8XrRsQNZZtJBiOfHwZuPGOiDiAkYH3qfRFAZYX_tu2gU-bLYs3W6fVd7sW5xNpc26exFlcgSp0ZPQRI4pFX4zC6tfEjqaan255qK2OsWMfKHZq8PM">This address</a>. </p> <p>Sold 1.5k BTC at the price of 40520. Now has "only" 111k left of BTC (not $, actual BTC). Hardly can call them a whale anymore... /s</p> <p>​</p> <p>Make no mistake, they are taking advantage of a pump, and their team of analysts (best guess) probably decided today would be a good day to sell some. This is a textbook example of a DCA sell order. </p> <p>​</p> <p>If you go deep into their purchase and sell history, they regularly sell when there's a pump and regularly buy when there's a dump. Only once have they been "hurt" by the decision to sell (that was in Jan and Feb '21 when BTC was going wild breaking through 30k and 40k in 10 days). Apart from that, they predict dumps and weekly ATHs spot on. sells in increments of 1500 BTC (3k or 6k if he predicts a larger dump). </p> <p>​</p> <p>We'll see what they do tomorrow, they usually buy on <del>Tuesdays</del>, scratch that, it's Wednesdays.</p> <p>Edit: added "they" due to popular demand. My bad, again. A big sorry for all the dudettes here on the sub.</p> <p>Edit: thank you for all the awards. I have no idea what to do with them, but they sure look pretty.</p> <p>Edit: seriously, gold?? anonymous kind redditor, thank you, but I really don't know what to do with gold. Don't spend your money on that. Buy a satoshi or sth.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/giddyup281"> /u/giddyup281 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o0camo/so_one_of_the_biggest_btc_holders_sold_today_now/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o0camo/so_one_of_the_biggest_btc_holders_sold_today_now/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>They sold around 1500 BTC, so basically a fraction of their holdings. </p> <p><a href="https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ?__cf_chl_jschl_tk__=3b24f1d0d662b1aa0c43063429f8b5dfda0bcf6e-1623172300-0-AeQqEC0iMq42aMRaGpxBlokkIljDaItEBkRxTj_L5EBSpz_3yA86tzDHg8KR_jEbq9Nuz-NdEXv-TpY8-Zy_wTjyd7oaFl9A2pQ-r88ZD95d3tjiBQrmphZswHDSLf85H3kLbEsIaIeapLQ9Iex051pcjZqZXgOzrHNTa89dHefM6D128FkHesev1OjMlgEKfTOYVPUcTcgKq0E4AEpPltAYqNKRUebGYMR9mAcWUSRIvdiBoqjqTTeeUbtNYVbpEu8Y2lGt5fYVEzsyVDBo1v9hXSz1mo_vc-G1ASs6vpsD_WA1mXH7pBUTwyhP0fktLDTZ6JpCfidBzYEnzKU33L0pb2sbPwTjsfw562rB1Guv8pT_dlD8h8MRDnGmsy3711sqHxTWfNmMqWjfic05VucGc2EMxM5xXfRqRA8XrRsQNZZtJBiOfHwZuPGOiDiAkYH3qfRFAZYX_tu2gU-bLYs3W6fVd7sW5xNpc26exFlcgSp0ZPQRI4pFX4zC6tfEjqaan255qK2OsWMfKHZq8PM">This address</a>. </p> <p>Sold 1.5k BTC at the price of 40520. Now has "only" 111k left of BTC (not $, actual BTC). Hardly can call them a whale anymore... /s</p> <p>​</p> <p>Make no mistake, they are taking advantage of a pump, and their team of analysts (best guess) probably decided today would be a good day to sell some. This is a textbook example of a DCA sell order. </p> <p>​</p> <p>If you go deep into their purchase and sell history, they regularly sell when there's a pump and regularly buy when there's a dump. Only once have they been "hurt" by the decision to sell (that was in Jan and Feb '21 when BTC was going wild breaking through 30k and 40k in 10 days). Apart from that, they predict dumps and weekly ATHs spot on. sells in increments of 1500 BTC (3k or 6k if he predicts a larger dump). </p> <p>​</p> <p>We'll see what they do tomorrow, they usually buy on <del>Tuesdays</del>, scratch that, it's Wednesdays.</p> <p>Edit: added "they" due to popular demand. My bad, again. A big sorry for all the dudettes here on the sub.</p> <p>Edit: thank you for all the awards. I have no idea what to do with them, but they sure look pretty.</p> <p>Edit: seriously, gold?? anonymous kind redditor, thank you, but I really don't know what to do with gold. Don't spend your money on that. Buy a satoshi or sth.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/giddyup281"> /u/giddyup281 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o0camo/so_one_of_the_biggest_btc_holders_sold_today_now/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o0camo/so_one_of_the_biggest_btc_holders_sold_today_now/">[comments]</a></span>Kind Regards R