Biggest Bitcoin Whale Accounts Accumulating BTC, Says Crypto Analytics Firm

slaman29

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Quote from: 20kevin20 on March 25, 2021, 02:16:19 PM

Theoretically, according to the past BTC cycles, an ATH is to be expected. So if we think strictly about the past and expectations, whales may be accumulating for the expected new high.

Quote from: logfiles on March 23, 2021, 06:41:37 PM

What if they are not just wallets but exchange or online crypto casino cold wallets?
I personally find analysis of rich wallet no conclusive enough to classify the wallets as ones owned by whales

And it's scary to know that as a whale of BTC, literally everyone in the world could check out how much money you own and where it's going.

Which is why the really anon whales probably just sell private keys or some kind of secure storage with parts of private keys and just change custody with OTC brokers. Or that's how I imagine it actually I don't even know if that's what they do.

Or are they really just doing everything with offline agreements now? How do people keep anon being whales?

aoluain

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I'm sure there are crypto whales out there buying and selling at opportune times
in order to increase their holdings but would this also be the case with publicly listed
companies who hold Bitcoin?

For example Michael Saylors Microstrategy who own over 90,000 Bitcoin cannot just
buy Bitcoin they have to apply to the SEC, is that the case when they want to sell?

davis196

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Quote from: nikolastech on March 23, 2021, 12:42:39 PM

Biggest Bitcoin Whale Accounts Accumulating BTC, Says Crypto Analytics Firm Santiment https://dailyhodl.com/2021/03/23/biggest-bitcoin-whale-accounts-accumulating-btc-says-crypto-analytics-firm-santiment/

hum i wonder why? whales buying up so much Wink

I always question the data provided by such crypto analytics firms.
How are those firms generating revenue?Are they selling this data?
However,if this is true,then we should be optimistic about the future of Bitcoin and the continuing bullish BTC market.The crypto whales aren't abandoning Bitcoin.They aren't creating panic selling on the market,like they used to do in the last years.Maybe they will create panic selling by dumping their BTC in the summer,but who knows what is going to happen.

20kevin20

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Theoretically, according to the past BTC cycles, an ATH is to be expected. So if we think strictly about the past and expectations, whales may be accumulating for the expected new high.

Quote from: logfiles on March 23, 2021, 06:41:37 PM

What if they are not just wallets but exchange or online crypto casino cold wallets?
I personally find analysis of rich wallet no conclusive enough to classify the wallets as ones owned by whales

And it's scary to know that as a whale of BTC, literally everyone in the world could check out how much money you own and where it's going.

Bilgent

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Quote from: nikolastech on March 23, 2021, 12:42:39 PM

Biggest Bitcoin Whale Accounts Accumulating BTC, Says Crypto Analytics Firm Santiment https://dailyhodl.com/2021/03/23/biggest-bitcoin-whale-accounts-accumulating-btc-says-crypto-analytics-firm-santiment/

hum i wonder why? whales buying up so much Wink

It is totally normal of course. They are doing the very right thing now. Grin

There are also many people who are thinking that buying at this level is insane. But I don't agree with them. Before anything else, buying Bitcoin is always logical if you are intending to make a long-term investment.

btcsmlcmnr

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Quote from: nikolastech on March 23, 2021, 12:42:39 PM

Biggest Bitcoin Whale Accounts Accumulating BTC, Says Crypto Analytics Firm Santiment

hum i wonder why? whales buying up so much Wink

Buy or sell, whales do it more than you think. They only show you big movements when they see the market needs a news to be triggered for rises or falls. You can detect it on the chart and when you are able to do it, you will detect the beauty of news from whales.

They prepare their movements and when the chart and indicators are in place, they release their news and big movements for you. If you are a paparazo is hunting for whales movements, you are satisfied by their news.

If you believe good news will always bring price moving up, you are wrong. Tesla adoption for bitcoin to buy Tesla car days ago is good but price fell. It is a very newest event.

perfect999

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Quote from: nikolastech on March 23, 2021, 12:42:39 PM

Biggest Bitcoin Whale Accounts Accumulating BTC, Says Crypto Analytics Firm Santiment https://dailyhodl.com/2021/03/23/biggest-bitcoin-whale-accounts-accumulating-btc-says-crypto-analytics-firm-santiment/

hum i wonder why? whales buying up so much Wink

That’s definitely what you are going to do, if you were them, everyone is buying as much as they can and piling up in their wallet. Though it might seem to some people that those who are buying now at $50,000 price are buying it late, there is no doubt what can happen in the future ,the price can still increase and there will be a bigger price than what we are seeing at this time, so that’s why they are all investing huge money.

As of today the price has been down on 51,500 dollars and it hasn’t moved to above that or anything below, even till now it has been at that price range. The bull trend has been on for a long time now, and that’s more than what we have had before.

logfiles

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What if they are not just wallets but exchange or online crypto casino cold wallets?
I personally find analysis of rich wallet no conclusive enough to classify the wallets as ones owned by whales

Generating Bitcoin addresses is also so easy. Someone with 1000 BTC could use 20 addresses to store 50 BTC in each and no one would know if any of the addresses are owned by a whale.

buwaytress

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Sitting in "CeFi" maybe earning interest also counts as accumulation;)

Quote from: Charles-Tim on March 23, 2021, 01:44:50 PM

Also, I will like how it is known about whales that hold 100,000-1,000,000 BTC. Indicating 1,000,000 BTC are overestimation as richest bitcoin address is not even holding up to 200,000 BTC.

I believe this is an old range, that's never been updated. Seen it before plenty of times, probably also from Santiment. Or, if like others, they also consider exchanges as whales, in which case they'd be counting the UBOs of several wallets, Bitpay supposedly itself has at least 1 million in custody. Seem to not be able to find the source but I remember this quite clearly even from 2019 if not earlier.

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Quote from: avikz on March 23, 2021, 01:13:07 PM

They sell at high and buy at low just like any sane trader does! It's no wonder that they are following the same pattern now as well.

It does seem like it'd make sense to ignore btc for a whale and put their funds into stocks or something else if they pull out before a crash (profit is still profit). And it's probably less boring for them to have to hold btc through it being worth very little compared to what it was at...

Quote from: Charles-Tim on March 23, 2021, 01:44:50 PM

We should not be confused about this, it is about how whales bought Bitcoin in February and the in first half of March. People should not get it confused with present time. I think more report on what caused the recent dump would be valid this time around.

The price was also a bit lower ($45k) in early March so some were probably trying to catch the crash.

Charles-Tim

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We should not be confused about this, it is about how whales bought Bitcoin in February and the in first half of March. People should not get it confused with present time. I think more report on what caused the recent dump would be valid this time around.

Quote from: author=https://dailyhodl.com/2021/03/23/biggest-bitcoin-whale-accounts-accumulating-btc-says-crypto-analytics-firm-santiment/

The biggest whale accounts in the world, those owning between 100,000 and 1,000,000 BTC, bought massive amounts of Bitcoin in February before keeping their holdings steady in the first half of March.

As for whales with holdings in the 1,000-10,000 BTC range, Santiment says the group shed almost as much Bitcoin as the smaller whales have accumulated over the same timeframe.

Also, I will like how it is known about whales that hold 100,000-1,000,000 BTC. Indicating 1,000,000 BTC are overestimation as richest bitcoin address is not even holding up to 200,000 BTC.

avikz

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I read similar news from Chainanalysis back in 2018. The article subject was "not so killer whales". Google it and you will find it. That's an expected behavior from the whales. They sell at high and buy at low just like any sane trader does! It's no wonder that they are following the same pattern now as well.

Since bitcoin has tasted 60k twice already, there will be no going back. Positively around the market is quite high and it will remain as it is in foreseeable future.

nikolastech

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Biggest Bitcoin Whale Accounts Accumulating BTC, Says Crypto Analytics Firm Santiment https://dailyhodl.com/2021/03/23/biggest-bitcoin-whale-accounts-accumulating-btc-says-crypto-analytics-firm-santiment/

hum i wonder why? whales buying up so much Wink

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