Lot of noise and news about 'alleged' Microstrategy #BTC wallets draining out in full. Tesla's partial exit from BTC holdings in their treasury adds more fuel to this noise. Let us take a look in this thread.

The 'alleged' #MSTR #BTC wallet is 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ, which is revered to be a top trader wallet.

However, if you were to do a full-fledged backtesting (volume-weighted buy in green, sell in red). Profit if you simply did Hodl : 569% Profit if you did copytrading of this wallet : 9.93%

Since the above data was for the entire duration of the wallet's existence. Let us take a 1 year data slice. Returns on hodl BTC : -61% Returns on copytrading of this wallet : -4.9%

So the wallet drained all the funds in past days and all sits in the wallet highlighted in the chart.

Filter the noise about this wallet if you hear it in social media often. The alleged wallet drain basically now sits in a new wallet. Likely another custodian wallet of CB/Gemini. Same as the 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ wallet which is also likely to be CB's.

Wallet labels are incredibly complex and a sensitive topic. As they lack confirmations from the concerned party most of the time. So take such noise with a grain of salt. Relax, he has not been selling yet, even if assumed it was Saylor's MSTR wallet.

You can read the unrolled version of this thread here: https://typefully.com/Jarvis_Labs_LLC/8yJQD6w