Analysis: Bitcoin plummeted a few days ago or related to a large transfer of $1.2 billion

On September 25th, a Reddit netizen claimed that the recent plunge in bitcoin prices was caused by a huge bitcoin transaction, when a bitcoin whale turned out a $1.2 billion bitcoin from the wallet. And sent to an encrypted exchange for sale. The screenshot provided by the netizen comes from the analysis website. The relevant person in charge of the website commented on Reddit, “At 3 pm in the UK summer time (22 pm Beijing time), the $1.2 billion huge chain transfer and price accelerated Related (because the order was eaten). It seems that this is the 'tipping point' that caused short-term panic. The chart shows the ratio of price to volume over the past 32 hours. This time, the big transfer seems to be from the wallet Go to the exchange and sell."