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It could just be an institutional investor moving coins between wallets, couldn’t it?

• qeternity 5y ago
  No, these were market orders on an exchange.
  • lvl100 5y ago
    What makes you think institutions do not execute market orders? They do it all the time especially in crypto. They do it to trigger buy orders.
    • snypher 5y ago
      They weren't saying it wasn't an institution making the market order. They were saying it was a public trade and not just a blockchain transaction. Edit; the actual analysis is here https://cryptoquant.com/quicktake/615dab839a9d40253e0e36ee-Someones-bought-up-16B-worth-BTC-via-market-orders-in-just-5-minutes https://cryptoquant.com/quicktake/615dab839a9d40253e0e36ee-S... but doesn't give much detail.
    • qeternity 5y ago
      Institutions in the typical context of the word do not do this. They don’t engage in manipulation of markets. Traders and exchanges do.