What's happening with the market? Spontaneous events or someone is leading the process?
The mainstream media is filled with negativity towards Bitcoin. Bloomberg found a direct relationship between the decline in the price of COINBASE shares immediately after their IPO and the decline in the price of Bitcoin. If you overlay the graphs, then they match completely.
What's interesting is that huge movements of BTC to large wallets were seen on the day of the Coinbase IPO. And unexpectedly a large transaction for more than 12 thousand Bitcoins that we're “stolen” from the Bitfinex exchange in 2016, was discovered on the blockchain when Bitcoin reached its new ATH.
On April 18th the price of BTC plummeted to a low of $51,540 after flooding in China, information about the Biden decree and rumors of a possible ban on Bitcoin. And by the end of the day, two large transactions on the bitcoin network in blocks 679739 and 679743 miraculously turned into three new addresses of large whales.
3LQeSjqS5aXJVCDGSHPR88QvjheTwrhP8N +58.814 BTC
3ByyPAZmzANfV1sMALVU8zdorPUHEbkZZi +20.498 BTC
3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb +11,000 BTC
Moreover, as it turned out later, these transactions came from the account of the BINANCE exchange. Earlier an information appeared that Arthur Hayes would be fined for money laundering on the BITMEX exchange, stating that Hayes transferred his fraudulent futures casino algorithm to the Binance exchange.
Further, it turned out that the total losses on longs amounted to more than $10 billion, and the huge share of $4.5 billion went to Binance. So we take a calculator, add sum up these three wallets above, and it turns out the same $4.5 billion. No, of course, I want to think that these are all coincidences. And the sale of 12k BTC “stolen” from Bitfinex exactly on the day and hour when bitcoin was at its highest historical point... It's just the intuition of a thief who “stole” them.
How do you like this coincidence?
Executive Director of Coinbase Global Inc. Brian Armstrong sold nearly $290 million worth of shares of the company on the day of its IPO. Do you know at what price? $410 per piece. This is despite the fact that it now costs $333. Do you know who else sold on the same day and at the same price? Wilson and his firm Union Square Ventures sold 4.7 million shares for $1.82 billion. Other related firms sold a total of 1.18 million shares worth $449.2 million.
Anxiety is everywhere. If you still go to chat rooms you notice that there is an average mood between panic and apathy.
At this time, whales are filling wallets with Bitcoin and withdrawing it from exchange accounts. If you feel panic and anxiety, then the whales need it that way. They read these tantrums and rejoice.
