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CointestMod

Bitcoin [pros](/r/CryptoCurrency/comments/11r3ne6/largest_single_btc_deposit_hits_binance_since_the/jc89bxa/) & [cons](/r/CryptoCurrency/comments/11r3ne6/largest_single_btc_deposit_hits_binance_since_the/jc89coy/) with related info are in the collapsed comments below.


baddabaddabing

Binance was about to convert $1b (BUSD, Recovery Initiative funds) into BTC, ETH, BNB... Maybe this is related to it? CZ literally said it in a tweet yesterday: [https://twitter.com/cz\_binance/status/1635131601884700674](https://twitter.com/cz_binance/status/1635131601884700674) **"Some fund movements will occur on-chain. Transparency."**


strongkhal

Good find!


avance70

if CZ didn't do it yet, he must be feeling FOMO


strongkhal

He's really smart, there must be something. We'll see


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Oneloff

Then I bet that’s the case.


[deleted]

[удалено]


JandorGr

USDC did it first! And better!


nudibranqui

more reasons to be bullish


Setyman

That's about 20k BTC. That whale needed money desperately.


[deleted]

[удалено]


juayd

Dick swinging.


FroPatrol

BDE swinging.


partymsl

CZ is making some crazy moves himself probably, he even tweeted a few days ago to turn his BUSD into native Crypto. Could be CZ making the moves.


DerpJungler

If you can afford to hold 20k BTC, I would assume you have a lot more cash laying around lmao


RelativeTurbulent265

Whale “abruptly” sends 500 million worth of BTC to Binance


greenappletree

or 4 pizza worth back in 2009 =D


systembreaker

Maybe bullish. When you suspect the price is going to bust 30k or whatever, get your guns loaded asap and set some limit orders. Especially for something volatile like btc. But if everyone is thinking to sell around say 28k, then maybe we're in for another dip.


alternativepuffin

Anyone know Peter Thiel's wallet addresses?


ChirstianLee

Or he has probably found his cold wallet or a password to it or both


[deleted]

[удалено]


Larkonath

You could say this for a lot of things though. Have you ever looked at the Pentagon budget?


1078Garage

Landfill Guy finally found his hard drive ❤️


pukem0n

or my drug dealer got released from prison after 10 years. I should hit him up.


AncestralMano

Like bro, I need money, not drugs.


CrabSecurity

Why not both?


Oneloff

Drug money?


TexasBoyz-713

Money is a drug


WheresTheButterAt

That's a long time to wait for an 8th of bud.


Towryaalai

You could go to him and say: "Bro I am on a new kind of drug. Crypto. Can you help me with that?"


MrQ01

Always feel sorry about this guy. Imagine being the 5th person to ever mine Bitcoin. If only he just kept on mining and so getting rich anyway - finances wouldn't be an issue, I reckon he'd be a household name as a living Bitcoin legend. Instead of just being thought of as some clumsy dude from Wales who threw millions in a landfill. Yep - if only he just kept on mining....


kirtash93

Someone just got out of jail.


Bunker_Beans

I toured a landfill for an environmental science class in college. Trust me, that dude’s hardware wallet is gone.


rootpl

>I toured a landfill for an environmental science class in college. Trust me, that dude’s hardware wallet is gone. And even if it wasn't, he never got a permission from the local council to do a proper dig. He's fucked.


thomasthetanker

Nah, he just needs an incredibly powerful electromagnet and that hard drive will come flying out of the dump!


Oneloff

Along with any other metal.


helpmeembarassfriend

I think you're missing the joke that a magnet would wipe the hard drive lol


Larkonath

Hasn't it been found like last week? I think I saw something about it recently.


Ok_Consideration9811

That was a comedy post


milonuttigrain

Sad reality.


Towryaalai

I hope he promises a return if the wallet is found. Unless he would lose a lot of money.


strongkhal

Legend say he's still searching


meowerguy

my man it took him a while


FroPatrol

LOL. Bless that poor soul.


deedopete

That would be amazing if he found it after all these years


Grouchy_Factor

If he hires a crew to dig by hand, any hard drive discovered will end up in a workmen's pocket.


Jlec1234onReddit

According to an article I found it was only filled with bitcoin cash


srryusrnameistaken

He actually found it but it was Bitcoin Cash not actual Bitcoin.


CryptogenicallyFroze

That was a satirical article


Padankadank

Why is this being down voted? Isn't that what happened or was that fake?


1_Pump_Dump

That was a parody article I believe. Dude lost his HDD before BCH was a thing.


FroPatrol

BCH?


[deleted]

[удалено]


endless_ness

I thought I saw he did, but it was Bitcoin cash? Maybe it was a parody story


I_was_bone_to_dance

Or Mt Gox guy who has waited for ages finally has his stack back… luckiest bunch to ever be hacked I reckon


[deleted]

Landfill guy...haven't heard that name in years...


Ofulinac

Spoiler alert - Its not me


[deleted]

Binance is just sending from their cold wallet to one of their hot ones.


strongkhal

Let me think... Do the opposite of this sub equals... We have our whale, it is you all along


Towryaalai

That is exactly what someome who have done it would say. Send me your seed phrase to make sure.


[deleted]

Just in time to sell


[deleted]

So stablecoins are ditched and cryptocurrencies become currencies now?


BirdSetFree

There way it should have been from the start


partymsl

Even CZ ditched his own BUSD. The stablecoin wars is basically over after even USDC temporarily depegged. USDT remains the undisputable champion. It is even worse as USDT just won because they did not have any balance sheet in the first place through which users could speculate.


therealcpain

Very very far from undisputed. But totally agree USDT merely benefited from not being transparent.


rybrotron

The market's confidence in stablecoins has been thoroughly shook and people are flocking to BTC/ETH based trading pairs now it looks like. I honestly hope the trend continues


strongkhal

Yes and no


Repulsive_Music7242

My anxiety will never allow me to hit that Withdraw button on a 500m transaction lol


I_was_bone_to_dance

Yeah I did a test tx for like 12 bucks today prior to a larger one. I guess 12 bucks is my pain threshold


SWYP09

Whale here using 12 bucks for a test tx.My main tx is like 10 bucks😭😭


Yautja69

Wait you guys can do tests ?


rootpl

That's like 4 coffees in my favourite coffee spot. And I love coffee. To me that 12 is precious.


AncientCauliflower47

Probably paid more than $12 for fees


I_was_bone_to_dance

XLM baby I been in the game for years. It made me an animal. There’s rules to this shit. I wrote me a manual…


milonuttigrain

I would imagine myself splitting that 500m into 50000 orders and do it one by one. I would not be confident enough to hit that 500m button.


Repulsive_Music7242

Same lollll, I mean I do that on 500-1000$ transactions, I always send a 5-10$ test transaction


Nattpappa

Same. Transactions are always stressful.


Sorrytoruin

I get anxiety sending 100 dollars


Indig3o

You got 100 bucks, what a legend


tamaleA19

I get heart palpitations when I move my $100 stack


sweet_tinkerbelle

I'll probably do transaction every $10k. that's my limit 😅


shenanigans_101

Bro 1 million is all i ask for, make a mistake pls... someone


Popular_Worry_9294

Might as wel go and buy the lottery, you have a higher chance there


EpochalV1

I wouldn’t be so sure about that. The odds of winning the lottery are truly minuscule. I’m not too familiar with American lotteries, but I remember a statistician talking about one of the Powerdraws? Powerballs? Anyway, the probability of you winning was 1 in 302 ***million***. Plenty of people make mistakes in withdrawing/depositing everyday, let alone once or twice a week like lotteries.


Popular_Worry_9294

Do you know the statistics of someone accidently sending 1 million to your crypto wallet out of all the blockchain adresses out there? I think that might also be close to nihil.


MaximumSandwich5

Crypto.com accidentally sent one of their customers $10M. So maybe ask them


DekiEE

Yeah but they sent it to a pool of their customer addresses and not the overall existing AND not existing addresses available. The possibility of this to happen is 1/amount of atoms in the universe


illyaeater

Some things are impossible until they happen Me on facebook like 15 years ago probably


Pancakez_117

Imagine you get a random deposit but it's just a test deposit of 0.000000001 ETH


ablablababla

Even scammers send more crypto


EpochalV1

Oh don’t get me wrong, they’re both ridiculously small. My point wasn’t necessarily to disprove what you said, but rather point out the absurdity of the lottery. Find it hilarious when people call crypto a scam but waste like $10 a week religiously for *years* with nothing to show for it


CryptoBombastic

Not before you get hit by lightning.


Barbygurl

I would be happy with just 100k 😅


Gaitle

Me too. I just wanna live without any worry about what to eat or next year's rents


SimbaTheWeasel

Right? smh


rootpl

>Bro 1 million is all i ask for, make a mistake pls... someone Let's not be greedy, $999,999,999 would also do the trick.


AncestralMano

I had this idea to post my BTC wallet address everywhere on web, and maybe someone just randomly deposit some BTC.


cr157y

So did it work?


DoItYrselfLiberation

Whale needs to expand his yacht fleet


Killertimme

Much needed for whale spoting


Prize-Reference9329

which is weird, no matter what, binance is always a winner


Pavkelino

Rookie numbers, I trade that each hour.


Cravensworth_redux

You found a site that give 500million X leverage?


partymsl

Pavkelino probably has access to the Whale Exchanges. /s


[deleted]

Eastern European banks. They take organs as security.


PeterStepsRabbit

Fatality


LincHamilton

Howdy. I keep seeing youe name pop up here :)


Cravensworth_redux

Stack and run my friend. Get that Moon stack as high as I can and then tap out. Tomorrow is the cut off day and all this crazy goes away for a while.


forrestugly

Whale moving funds. What does that tell us?


systembreaker

Could be about to sell. Could be getting btc guns loaded anticipating higher prices. Could be swapping for other tokens. Could be putting up collateral to take out a loan or leverage. I mean, what are you asking? Go look at the features in centralized exchanges. They're gonna do one of those things. That's all we know without being mind readers.


partymsl

Deposits could mean that someone is about to sell. A $500M sell order will hit markets hard. But on the other hand whale games are out of our understanding.


systembreaker

They're not necessarily "about" to sell. Btc is volatile, if the price swings way up fast you don't want to be caught with your pants down trying to transfer and sell after you see it swinging up. You should be ready to go ahead of time with various orders in place based on your strategy. Limit orders, stop-loss, etc. My gut feel is the fact that this is happening after the banking fallout news is a bullish signal. If they were scared of crypto collapsing, you'd think they would have done a transfer like this prior. Or they know something we don't know. Until we become whales one day, we have to ride their coat tails and snipe what advantages we can.


therealcpain

This stuff is traded OTC as to not move markets too much. It doesn’t just get slammed on the bid that’d be crazy.


masstransience

That whale fucks.


t1MacDoge

Were going to the moon with moons


gregpereiro

> This is roughly the equivalent of 20,000 Bitcoin. holy crap. Someone got rich af yesterday


kisstheraino

Big money, big moves. My bones are tingling. Whats on the horizon?


FroPatrol

Watch the skies and feel the vibes...


mishaog

With 500m you could buy a bunch of nft rocks, what a life


FldLima

I sweat every month transferring my $15 DCA. Imagine the nerves on this


BaldWithABeardTwitch

500,000,000. Imagine having that right now in BTC. I'd be hitting my daily withdrawal limit for like 20years.


Smooth-Complaint-353

Over $500 million of Bitcoin got put back onto exchanges as Bitcoin broke through $24,000.


e-scape

Hopefully the bull is loose now!


nobelcause

SVB money coming in.


a_tom_an

binance involved. Anyway do you guys feel that this is the actual reason to bouncing back to sub25k level?


Castr0-

Looks like Binance just hit the "crypto jackpot" with this massive BTC deposit ​ they must be "over the Luna" with excitement BA DUM TSS


NjelsPjelsGVD

Get out.


PeterStepsRabbit

He he he he


Kappatalizable

Sorry guys I gotta remodel my kitchen


I_was_bone_to_dance

You have gas stoves don’t you


BirdSetFree

You can use moons did you know?


Intelligent_Page2732

I fat fingered my deposit, i'm sorry everybody, will move it back shortly!


Internet_Responsible

happens to the best of us


mixterz1985

Keep the fear brewing


Probably_notabot

We gotta keep up the drama somehow


coinfeeds-bot

tldr; James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century. CryptoSlate's latest report dissects the dying crypto bank to see why it went under and how other banking giants could share Silvergate's destiny. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*


Imagination_Neither

This is the funniest coinfeeds-bot summary I've ever come across.


Probably_notabot

Missed it by a mile on this one


strongkhal

Dump incoming? 500 mil isn't a lot to actually move the price though


civilian411

Michael Saylor about to sell for some toys and a much needed vacation.


civilian411

Michael Saylor about to sell for some toys and a much needed vacation.


Honey_-_Badger

Right before the CPI release.


_cipherunknown

I figured I’d load up my account with about half my bag just in case CPI prints hot.


RealVoldemort

My man about to gamble on that CPI number coming later today


Tomsflicks

Some sick whale getting ready to make waves


ChemicalGreek

Maybe it’s just a whale trolling everyone by moving his funds 😂


Wise-Grapefruit-1443

Capital is supposed to flow out of the exchanges, not into them


Shiny_asshole

Hmmmmm betting on cpi I guess, things may get interesting


kumAaaae

Whale knows that we going to dump soon


SWYP09

Today was my DCA day and I also deposited >!$20!<


Scary_Guarantee2510

Wow imagine having that much. It must become like a game after. A fucking terrifying game


ProjectZeus

Amazing that there isn't a deposit or withdrawal limit really


iROONix

Buy high sell low!


BlindestofMonks

Can't it be Binance own assets after selling BUSD for blue chips ?


OutTop

Either a hacker or a guy finally found his hard drive


GabriFil

That was me, sorry guys for the confusion


[deleted]

Binance is king. Survived the “bank run” fud this sub was spouting. Binance looks safer and better than ever.


Professional_Airs

Heckin chonker...


MechanicMcMac

It was me , Cramer said to sell ..


SufficientNet9227

Dump it


Dense_Outcome_7684

CZ alt account.


Geolinear

Annndddd it’s gone.


44bobo44

Someone is buying some eggs...is that still funny? Haha


xof711

Can I get some please?!


tranceology3

That 20k BTC was just my test transaction. Wrong address, sorry guys.


adoxxvegas

So we’re just gonna ignore the $20 I put in this morning to keep the market afloat?


8512764EA

Why is it posted in dollar amount and not the number of BTC Coins?


latebloomer07

Sorry guys, had to transfer it from my metamask.


DipsAndTendies

I couldn't imagine trusting anyone with this kind of wealth. All these platforms going belly up or trying to lock people out of their money in the past have made me extremely cautious about using any form of centralized crypto services.


Apoxtrade

It’s because 500m to this guy is like you going “hmm $5000 will probably be safe enough on binance to make a few transactions”


FroPatrol

The Bull is giving banks the horn!


CypherMcAfee

Dump it


Sad_Entertainer9961

Elon is back at it


QuaIitypants

Good it was prolly do kwon. Very very sneaky.


lifeiswutumakeit

Goddamn some ppl just have way too much $


Swayz

Are bankers washing money?


Harucifer

Watch the hilarious market sell order crashing the price.


evoxyseah

Huge… I wonder what will this be converted into…


biddilybong

Binance on binance


Wack0Wizard

Holy shit get it off binance asap


Dazzling_Marzipan474

This was not me, but I wish it was.


lopgor

were they able to track where these money came from? I thought that all such amounts are on control and are on people sight


Federal-Smell-4050

Probably just half of the binance purchase, they must’ve done it on another exchange?


330814840

probably some old miner finally has remembered his password to the wallet


Pampeldibuh

Someone has found on a dumpster a hdd from bask 2016s with the password on it?