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- A crypto whale sent more than 200K Bitcoin to the crypto exchange, Coinbase.
- CryptoVinco, 99% assured that it is Michal Saylor, the co-founder of MicroStrategy.
The current market condition does not seem in favor with the Bitcoin price. The bearish phase of the market indicates that the market is getting worse while a rumor shows a whale sent more than 200K BTC to exchanges previously, is MicroStrategy. It is an American Business Intelligence firm.
CryptoVinco Tweet
CryptoVinco, shared a screenshot of a series of transactions carried out by the Whale address on its Twitter account on September 5, 2022. He mentioned, “I’m 99% certain this is Michael Saylor’s Bitcoin address, and they’re planning to sell everything.”
This pseudonymous influencer further asked the community to be prepared for an unprecedented “bloodbath” in the markets, as MicroStrategy sold its BTC.
Over this, in the comment section, it received mixed reactions, as some users demonstrated nonchalance in the event.
On the other hand, some disagreed with this as they believe the whale address does not belong to MicroStrategy. Additionally, a user highlights the fact that the address owns more than 241K BTC that is more than the balance of MicroStrategy, as the firm declared publicly.
The BTC address shows the wallet contains a series of transactions in between the four days. The transaction began on July 18 and empty the wallet on July 21. It also looks like some uneven transactions in a successive fashion to the address of Coinbase.
Most of the users believe that there are low chances that the address belongs to Saylor’s MicroStrategy. And some rumorus related to this address belonging to MicroStrategy are not confirmed yet.
Bitcoin (BTC), is currently trading at the price of $18,742.85 USD with 5.89% down in the past 24 hours.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
