Bitcoin Whale Moves $97,296,884 From Crypto Giant Coinbase in Massive Asset Transfer
The $100m of BTC was moved to a cold storage wallet apparently owned by OKEx exchange.
The Glassnode graph has been updated to show the trend in illiquid BTC.
Many of the commenters seem wiser than the pundits and crypto influenzas. Firstly, these are long-term numbers, and secondly, once any metric becomes popular it also becomes a way of distorting reality.
HODLing is not a strategy, but a belief system, unless there is some exit strategy. HODLers will be "buying the dip" down to zero - while still reciting their mantra. None of us have enough to be manipulators, but we have enough brains to profit from the manipulation.
OKEx
= Wallet Security, claims 95% of assets in cold wallets.
= Seychelles private company, see here for a very brief overview and some links.
= Beware of their socialised clawback terms as huge losses from any rogue trader will be clawed back from open profitable trades.
= Aux Cayes?
"Illiquid coins are those sent to an address with little history of spending, generally associated with investor accumulation, and bull market buyers."
I disagree, I move my btc to my nano s ledger so I know nobody can get at it, it is true I do not spend it, but I do not like leaving anything on exchanges, if they go so does my tokens.
yep. I also don't think it much of an indicator. Look at the most recent "capitulation" - liquidity goes into the red after the dump - hardly a great trading signal! I sold near the top - could have been wrong, but wasn't. And wasn't waiting for any "whale signal". lmao
I only keep it for my daughter, when she is older, she can play around with it, same as my motorbike collection, I buy them, restore them, put them away, she can sell them if and when she needs money, after I am brown bread dead.
Yeah, I actually take some out for the here and now - bought some land for my kid - the rest we shall see. I personally don't need much - reminds me, still haven't found a good RF meter here.
Superb idea re land, RF meter? Want me to find one here for you?
Thanks. Did another search and... ouch... $8,000 for a professional meter.
Need one that goes up to 60 GHz - the 5G psychotronic weapon - most older models not made for that range.
Will need to look into this properly - electronics never been my thing - but this is mainly about decoding the signals, so is a software thing too.
OK bud, let me know, if I can help I will.
OK cheers. I've had so many packages never arrive - even a DHL doc was mislaid in their depot for a month! Hence if can source locally is better, but thanks, appreciate it.
I would have laughed cynically if when they had moved to transfer the Bitcoin they would have been met with the classic Coinbase maneuver of claiming they can't verify you under KYC when one goes to withdraw. Never an issue with deposit, only seems to come up when one seeks to withdraw.
https://www.trustpilot.com/review/coinbase.com
Of course all of the US exchanges do this as well.
https://www.trustpilot.com/review/binance.us
Guess if you are uber rich though they wont play that game. Might find themselves suicided or something messing with anyone but the riff raff investors.
I now feel lucky i dodged the coinbase bullet as could never verify an account - so just gave up. Found another route.
Notice the very low fee - this was done at code level, not some poxy UI.