“Whale #3” Is Tricking Everyone

I think there’s a large number of people that knows/follows “Whale #3”, which used to be the largest non-exchange Bitcoin wallet. People would try to watch their moves and try to get a better understanding of the market, me included.Recently, there has been significantly large outflows from this wallet, which demoted this wallet to now “Whale #8”. YouTube influencers and Redditors alike have all been assuming this whale has been selling into the recent market pump. (This would make sense, specially considering that some of these outflows are going to a Coinbase address).However, I have some interesting findings that shows “Whale #3”, intentionally or not, has been tricking all these people.They are not selling. Just splitting their wallet!If you look at “Whale #3” (now “Whale #8”), and compare it to, at the time of writing, “Whale #11”, you will notice that all recent large outflows from the first, match the recently inflows on the second. In fact, you can confirm (based on block #) that some of these transactions are happening directly between these addresses (while others are going to Coinbase first, and then to the second address).“Whale #3”“Whale #11”Although this doesn’t mean anything about where the markets are going, I thought some people would be interested in these findings. via /r/Bitcoin https://bit.ly/3B5ceAL