WHALE TRANSFERS BITCOIN WORTH $10 MILLION TO BITSTAMP
1 min read
Not even two days have passed since one of the historically largest crash, and in the background of the cryptoworld we can see other strange signals for a big sale.
They moved from an unknown wallet to the Bitstamp BTC worth $ 10 million. So far, these Bitcoins have probably not been sold as the price of the BTC has risen slightly. But what the owner intends with these Bitcoins, we do not know.
? 2,000 #BTC (10,601,299 USD) transferred from unknown wallet to #Bitstamp
— Whale Alert (@whale_alert) March 14, 2020
Tx: https://t.co/maBKHI5BKz
There are a few likely suspects.
SUSPECT NUMBER 1: BITMEX TRADERS
The first suspect would be that the funds have come from BitMEX traders. The price drop caught many derivative traders off guard and subsequently caused many forced sell liquidations on the BitMEX platform.
Over $700 million worth of them, in-fact. Sell liquidations occur as BitMEX forces the end of long contracts when the price drops by a pre-set amount.
SUSPECT NUMBER 2: PLUSTOKEN SCAMMERS?
It is possible that the PlusToken scammers from last week haven’t moved the fraudulent Bitcoin’s to their final destinations and that we can expect them to dump their Bitcoin’s via Bitstamp.
Summary
— Satoshi Starlord (@satoshistarlord) March 14, 2020
