It is unlikely that the Asian whale is eliminated, and the market can not collapse, it holds much.The motive for the sale is the most common, nothing new.Let's hope for positive news.

If this turns into a sell off or liguidation the markets will react negatively a bit but it will only be short term.
it only represents about 0.5% of the overall current supply and will also create another opportunity to buy in cheaply.

Also if the whale does sell isnt that what so many of us dream of doing ourselves? Isnt the new buzzword "lambo"

I hope he does sell and push the price down. I need to acquire a few more coins for my savings.

it only represents about 0.5% of the overall current supply, but yes selling those all at once will have negative impact on the price and create FUD in others mind.
Let's see how it pans out. If it breaks 6k range than it will go to 4-5k range for sure. And than I'll be all in on BTC.

ya.. I will reduce the price few hundred dollars.  Looking at current volume of BTC in 24 hours, it is over 4 billion dollars that is 533k BTC.  95k BTC will worth around 720 million dollars.  So, I think if they sell it gradually and not at all once, market will digest it but again guys it will give us the opportunity to buy in little discount rate.

This is kind misleading as the dude has only transferred 8,000 BTC onto the exchange, not the full 95,000?

8% of his stash? .1% of a 512k BTC 24H volume.

Maybe he’s diversifying?

Another round of rumors and a lot of users taking the bait.

So, for the sake of the conversation,

1)  let's agree this is a whale, and it's not a stash from huobi itself.
2)  this whale, has bought coins during the period when the price was at 7000-9 000, especially from huobi as the coin tracks are clear
3)  as usual whales have this tendency of buying high and selling low, this is how people with a lot of coins make money, buy buying high and selling low,sarcasm off



If you drop right now 1200 BTC on huobi the price will go below 7000.
Stop comparing the quantity sold with the volume, you can create 1 trillion in volume by swapping the same 1 BTC a trillion times.

Nice to get huge dumps without them the opportunities would be far smaller for the little guys around here

Go ahead whales dump it back to 5k and below

the btc train won't stop its the only real show in town

the alts that are not vulnerable as illegal securities (actually and those that are) have not solved any of the so called flaws of btc they have just reduced the decentralised trustless nature

there are a handful of specialised purpose alts who are flying under the radar that could have long term returns better than holding btc

other than that stop fretting guys these huge dumps if and when they come are opportunities

nobody wants or needs centralised gov or corp projects - we need a global decentrallised trustlest currency or unit of wealth that is easily exchangeable transportable etc etc  btc or btc with LN goes along way to give us exactly what we need.

And unfortunately all of this are just speculations and none of this are true because if it really did then we had to observe later on the falling down of bitcoin market price. Well i agree with other members here that hoping to sell all those btc so as to get a little bit roll back with btc market price and will definitely get some coins on it. If the news is really true but then in my opinion this is all hoax.