The whale in question was just transferring the bitcoin to another wallet. As for the price jump in july, that was also correlated to the rally in precious metals because the fed said they were going to keep interest rates at zero for the foreseeable future
I remember reading something about a mystery whale entering the market around that time.
That was i think from the silk road raid. The Feds transfered the money out
But why the jump? Wouldn't that just be a sell off?
The whale in question was just transferring the bitcoin to another wallet. As for the price jump in july, that was also correlated to the rally in precious metals because the fed said they were going to keep interest rates at zero for the foreseeable future