<snip>And of COURSE we front ran nation states!!! Of course we did! Stupid nation states.
On this topic I have thoughts... So. OBVIOUSLY. As in
OBVIOUSLY... we are seeing large purchases by various entities.
But empty blocks.
So, I have been saying for a while (possibly starting a little early) that these sorts of purchases are not happening on exchange in the open. But rather lots of Bitcoin being sold by OTC desks and then bundled into single (but LARGE) transactions. Things like this:
Say you are a 50 year old cypherpunk In 2010. Or maybe the family member of one who already passed. And you hold THOUSANDS of Bitcoin. The game is quite different for you than it might be for the average "pleb". You can sell 4295 bitcoin today and finance quite the luxurious life. In fact for more than just you. And perhaps you have that many behind as well... knowing that in time that other half will be worth orders of magnitude more than what you just sold.
So your progeny can live as kings... and you can reap a kingly fortune for the life you have left. (long live the king... really)
But here's the thing. And I am likely early here as well...
Eventually these kings will run out of ammo.
I am not the brightest bulb in the WO. In fact... far from it. Do I need to spell out what happens after the kings have settled the first round?
I imagine not... but let me know because I am willing to keep blathering to a receptive audience.
Well, the entity is transferring FROM Coinbase, not to it, so most likely a whale withdrawing to another account/wallet and not selling.
The rest..sure, some OGs are "stupidly" selling, perhaps.
I guess the number being close to six digists is like an aphrodisiac for a sell by them, assuming a buy (for less that $1) or mine in 2010.
It must be hard to hodl when you are up almost 100000X (made a mil on each $10 invested, lol) and overall situation is, perhaps, sub-optimal (or at least this is the prevalent "vibe").
That Fidelity guy (Peter Lynch) was always suggesting to take profits at 10x..so they are "overdue".
