Bitcoin Whale's $100 Million Cannonball Creates Only Small Splash

It's in the Bitcoin news this morning that a couple of "Bitcoin Whales" sold off $100 million of BTC yesterday, causing a "crash" of $200/BTC.

Two things:

1. If a "crash" is now defined as a $200 move, I'd say we're in good territory again, and
   
2. If these two were selling, that means people were eagerly buying, which kept the price from falling much further and hints that life is returning to this market post tax day.

BTC is at $8091.13 on Gemini as I type this.

 Bitcoin whales dump $100 million of digital currency in 24 hours

 

"The balance of wallet 3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r — an anonymous digital account which is valued at $1.49 billion — fell by 6,500 bitcoin Tuesday, with the average sale price sale being $8,146.70, a total value of just over $50 million, according to bitinfocharts.

The sale comes a day after the third-largest wallet, which famously purchased over $400 million in bitcoin in February, let go of 6,600 bitcoin at an average price of $8,026. All told, the two whales dumped over $100 million of bitcoin within 24 hours." -- A. Hankin