So it seems that the seller did not understand the principles of "unloading a large holding" - No doubt he has been informed of the way to do it by now.
I expect there are other "whales" out there ?
If a large holder can drop the market price by 60-70% just by letting go of just £400 million dollars worth over 6 months, I expect the other "whales" are considering their own positions.
Interesting on two fronts
1) How is he going to get rid of the remaining $1.6 billion without affecting the market ?
2) Does the huge reporting of the meteoric rises and blind faith of "Retail" - point to a manufactured "Feeding frenzy" ? Often observed at peaks as "Smart money" is quietly baling out ?
3) Is there a warning to be recognised here for Babypips members HODLing BTC ?