The specialists of the STIPS|Oculus platform have found out that from January 1, 2019 to June 07, 2019, 38 large transactions (over 50,000 BTC) were made, 29 of them were conducted during the last 3 weeks (from May 16).
In the graph above you can see that over the course of 5.5 months the bursts of large sums have been very small. During the period of active growth that began on April 1, small transactions were made on the BITTREX cold wallet.
The most interesting thing started on May 30, when the first major transfers were recorded using the mixing system (that is, dilution of a large amount into smaller ones and their gradual accumulation on a single wallet). The specialists managed to find out that starting from the 3AweAnU1qYSUCJ5Hvy9DFEB7dVqUebZw5i wallet and the amount of 107,432 BTC over the past week, some small amounts up to 500 BTC were transferred to a hot BINANCE wallet, and large amounts, minus these 500, went to the next wallet, where the operation repeated again and again. In just one week, over 7,000 BTC were sent to the hot BINANCE wallet using such system. Remarkably, the steep fall of BTC from $ 9,000 to $ 8,000 in just a few minutes also occurred on May 30, and since then, traders state a downward trend of the number one currency.
From all that has been said above, it can be assumed that at the current price, whales chose the best time for fixing a certain amount of BTC and the fact that they started selling does not allow the price to get back to the latest maximum values. We recommend to monitor the slowdown in transfer of funds to the wallets of exchanges. As soon as this happens, we can say that everyone who wanted to sell, sold out, and pressure on the price grows weak.