New whales are here: Somebody bought 133k bitcoins in the last 4 weeks

One of the advantages of this technology called blockchain, is that it is a public and immutable record and everything that happens in the chain of blocks will be recorded in plain sight, but without face or identity.

By visiting bitinfocharts.com, you can check a TOP-100 record of the addresses with the most Bitcoin or, to put it another way, it is the top 100 of the crypto-millionaires. There are also records of the other wallets.

One thing that caught my attention is that there are several addresses that have been created in recent weeks with transaction amounts of 10,000 BTC, on average; that is, about US$ 65,000,000. Most of them in the months of May, July and August.

Additionally, there are 5 wallets with amounts between 11,000 BTC and 55,000 BTC in a period of 4 weeks, from the end of September to the last week of October. The total accumulated by these 5 wallets is more than 133 thousand BTC an amount equivalent to the cold wallet of Bitfinex (133 my BTC), superior to the cold wallet of Binance (129 thousand BTC) and Bittrex (107 thousand BTC); this according to the same portal bitinfocharts.

This shows that large amounts of money are entering the Bitcoin market while maintaining this strange stability in the price that has lasted longer than expected.


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This feeds the theory that “heavy” financial institutions could be taking a position in the crypto market, but doing so stealthily or through the back door, through the over-the-counter (OTC) market, as I commented in a previous article, so as not to affect the price directly.

Below are the 5 addresses and the approximate dollar amount at the time of writing.

13k bitcoin moved

Who bought more than 130000 bitcoins in these 4 weeks

We cannot know the identity of the owners of these accounts, nor if two or more addresses belong to a single entity. However, the remarkable thing about this is that there are not many people who can afford to handle purchase transactions greater than 10,000 BTC at a price of US$ 6,400, and less in such a short period of time. Hence, it can be assumed that they are the financial institutions.

And as the saying goes:

“Buy with the rumor and sell with the news.

So it might be a good time to take the same positions as these new whales. But as always, before investing research, decide and take responsibility for your investment; no one else will do it for you.

Always remember that:

“The essence of Bitcoin, is to give sovereignty and freedom to individuals over their money for the control of their wealth.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

5 Comments
  1. Hi, Thanks for the Little article. I see you’re pointing out that a lot of bitcoin was sent to these 5 addresses but you’ve made the claim that these funds have entered the market. I don’t see how you’ve come to that conclusion simply because they are new wallets and recently moved. I also don’t see why you are assuming they it is the work of financial institutions. It could be the work a great range of institutions. Perhaps Venezuela, N. Korea, Maybe drug cartels. There’s no telling.
    Bill

  2. Great point Bill. Great point

  3. As pointed out by Bill there could be a myriad of explanations. Maybe a whale wants to divvy up his holdings among his children. No way to prove these are OTC sales vs a move for other reasons….

  4. To me, doesnt really matter what the purpose of such huge accumulation is. All I see is someone or some group of people who see value in BTC when most people would rather sell and dump and he/they decide to invest heavily and accumulate for a profitable season. Great work!

  5. Hey I’m trying to find my address or wallet I created in 2016/17 is there anyone that can help me track down the wallet or address from my computer that’s been smashed?

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