Why is that when everyone purchase large quantities of bitcoin you and some think that the weak are shaking off their coins, first and foremost the miners are holding huge number of coins and they offload them to maintain their smooth functioning and they usually book their profit when the price of bitcoin is rallies as some of them are holding their coins for years for this rally.

This is not a a single individual who purchased and withdraw Bitcoin to his wallet but total amount of Bitcoins for specific time period and if you look at the Coinbase stats you would see that Bitcoin balance is reducing since December 2020.
And this is not the case only for Coinbase but for all other exchanges like Bitfinex, Bittrex, Bitstamp, Okex, Kraken, Huobi and other exchanges, and in addition to that it looks like miners are currently also accumulation Bitcoin.
You can see this clear trend in one of the previous detailed report from Glassnode, and that is just one more bullish case for Bitcoin but keep in mind that inflow and outflow is not totally accurate science.


https://insights.glassnode.com/the-week-on-chain-week-13-2021/

goldman sacks is my guess they bought at 58000, don't think they like to lose money

Here is screenshot of the buy:
https://ibb.co/58K8Gq6

Geez, that would take a long long time of waiting if they want to earn anything from this. Basically all we want to do is trade and somehow earn on all of this but if you bought bitcoins that expensive then it will take a lot of waiting before you can actually be able to get a profit from this. Times 3 for this would be more than $160,000 per Bitcoin and I think that will only happen possibly by 2030. I don't know if they have 10 years to wait for their profit.

Of course they are going to be curious, the amount that was bought is not something to scoff at, how did they disrespect the privacy when they didn't know who was behind the purchase? To answer OPs question as to why that someone has bought 12 thousand bitcoin is because they have the money to do so, as simple as that.

I don't think this is true, if someone buys 12k bitcoin the prize should go up, but now we see the prize at $56k, I looks more like someone sell that amount of bitcoin. That would explain the crash.

And is a crazy big amount of money, enough to move the markets up and down, but in the end isn't that big if you compare with the number of bitcoins traded in the past 24 hours, the total was 1,325,507 BTC, So, that 12,000 btc only represent the 1% of the market movement.

i can not see what is inside the link.


its surprising. with a huge amount of money, i don't think someone in the right mind will really purchase 12000BTC on coinbase. if they are careful, they would rather be making contact with miners to make a deal between them than making a transaction on coinbase where they have to give up data. but there's always going to be someone out there who doesn't care about privacy.

I think large hedge funds have invested in Bitcoin and they will use their tricks to collect even more Bitcoins. The large amount of Bitcoins brought into personal wallets has been frequent over the long term. It is interesting to me that the more USDT that is printed, the less Bitcoin is circulating in the market.