$147 m Worth of Bitcoin Shifted Today

Today an anonymous user shifted 194,993 Bitcoins, worth $147 million dollars (measured by the BPI). However, the transaction was not an exchange for currency. Could this be the force behind todays gains?

Maybe, but lets think of this in reverse. Is this a move by someone or some entity to dump a large amount of BTC? If so can we expect a dramatic price correction? The next few days should be interesting to watch.

The transaction can be seen here: https://blockchain.info/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204

 

Screen shot 2013-11-22 at 8.17.11 PM


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