Whale alert! 🐋 Someone (possibly bitfinex.com) moved 717 BTC ($20M) in block 783,407 https://mempool.space/tx/fa581de7a02fad8eb122a6eaa05e0090ccea7f225517051695180477fff43115
Discussion
What does "moved" mean? Can we tell if it went off the market or was sold or something like that? How does it effect the total BTC value? Thanks.
moved mostly means from one bitcoin address to another, they transferred funds (probably an internal transfer from the exchange bitfinex) - not sold
it doesnt effect the total btc value, but im also unsure what exactly does move the overall market.. dont trust the numbers the exchanges give.. try to verify or at least research whether it's possible to verify; who are behind it etc..
fiat is and will always be manipulated so most of those price numbers dont really hold value
what matters is that the number of your bitcoin in self-custody (preferably acquired without KYC) is going up by earning bitcoin or selling fiat for bitcoin
best is also to spend (trade things, products and services p2p) and replace those sats.. foster a bitcoin circular economy