So one of the biggest BTC holders sold today – now what?
He sold around 1500 BTC, so basically a fraction of his holdings.
He sold 1.5k BTC at the price of 40520. He now has "only" 111k left of BTC (not $, actual BTC). Hardly can call him a whale anymore… /s
Make no mistake, he is taking advantage of a pump, and his 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.
If you go deep into his purchase and sell history, he regularly sells when there's a pump and regularly buys when there's a dump. Only once has he 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, he predicts dumps and weekly ATHs spot on. He sells in increments of 1500 BTC (3k or 6k if he predicts a larger dump).
We'll see what he does tomorrow, he usually buys on Tuesdays.
submitted by /u/giddyup281
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