Topic: Bitcoin Whales Have Started Splashing – This Rally’s Just Getting Started - page 2. (Read 417 times)

Whales are someone from in this whale who got lot of money to trigger the price movements.Billions are enough to make changes in the prices of crypto currencies lastly we can see 80B+ in the recent days which was just initiated by whales later followed by the lot of investors around the world.You can find the whales action on exchanges with big single order for the price they wanted.

Accumulation never ends. If you think about it, accumulation is nothing more than a continuous process of buy low and sell higher. It's just so that bear markets offer more advantageous entry points for any investor.

Whales are an interesting subject for news outlets to report about, which admittedly is something people like to read about, but it's so exaggerated by news outlets that it's almost too embarrassing to read through some of these articles.

Overall, whales have been getting rekt just as hard as people here did when we crashed from $6000 to $3000 last year. The buy support they offered just wasn't enough to withstand the enormous selling pressure from ICOs and whatnot.

I'm not convinced about this statement just like that.

Some whales have been accumulating during the whole crypto winter. It's not a new phenomenon. There was no sign. Did that change? Nope.
The fact that they are showing that is just a sign for a bull market to start, which they'll fuel now on plain sight, to make it rise.
When they'll think it grew enough, they'll dump. It has happened before, it'll happen again. Then we'll be wondering for another year who has funds to drop that much.
That's why I am not convinced about the whales accumulating being a positive sign.

I like to see the market on a rise. But don't be fooled: the whales have their own agenda.

I am sure that the whales don't miss any chance to buy bitcoin and I am sure that they already buy so many bitcoin for a year ago. Although right now, the whales still buying bitcoin, maybe they want to move the market slowly so it will trigger the price to move to the higher price.

The whales only need to wait for the market will turn to the bull market so they can start to sell bitcoin or they already sell some portion of bitcoin in a few days ago. We don't know how much money they use to buy bitcoin, but I am sure that when they buy, it means that they can be able to buy more than 5 bitcoin in one time. And they will spread the order buy at any price they see it's a good price.

But that is interesting to see the rally from $4200 to $5000, and I am sure that the price will still increase higher soon.

It's not necessarily because one or more certain whales are all of a sudden investing into bitcoin, in fact I am sure that most institutional investors and traders with somewhat of a high influence over the markets have loaded up as the market bottomed, because that's where the smart money went.

I do think that given all the circumstances involving halving next year, and the historical performance of bitcoin matching up nicely with the patterns we see as to the end of the bear market either already happening or is close to happening that a bull market will occur as a matter of time.

However, it's still relatively unclear in the short run where prices will be headed. There is still every possibility that a correction will come, though I do not expect anything that takes prices below $4k at this stage. The bottom is set.

the thing is, accumulation has been going on starting from last year when price reached the actual bottom at $6k and every signal was telling you to buy. then with the "hiccup" that happened the same whales started dumping to get their money ready to buy the new bottom and then accumulation continued with lots more fiat in their pocket this time to buy bitcoin at a cheaper price.
right now we are seeing the rise because nearly everyone who has been accumulating is done accumulating! and the recovery is on the way.

It's increasingly harder nowadays to actually spot who the whales are, because their main priority is to not signal that they are a whale. The only obvious thing in every market is that there is always whale above whale, but what the actual amounts are is something we can only speculate about. Only fiat exchanges know how much of it goes in and out, who the main market movers are, etc.

Not sure what makes you think this market involves trillions of dollars, but that's not the case. I doubt there is more than a few billion in actual fiat currently in the market, and maybe $10'ish billion during the peak of the bull run in 2017. This market is so illiquid that you don't need more than that to actually keep the market where it is right now. It however works both was as we have seen. Bitcoin dumps just as hard as it pumps because of that.

Where are the whales? How do you think that while there have limits in each exchange, how much money do they suddenly invest in? The trillions we are talking about. Maybe, but how?

Bitcoin whales have been accumulating for years now LOL, just like buying every dump was not a very good advice. The fact that your article includes Tom Lee, the guy who changed his prediction of bitcoin for 2018 like 10 times and still got it horribly wrong, says a lot about the quality of the entire article.

One thing I know very well about whale is that they don't like to waste time, they love to take advantage of the market very fast that they can make profit from the bull run even faster than expected, this is why I love to check the market to see when a whale is coming in so that I can move with his/her trend and then dump the coin before the whale decides to pull out of the market.

The fact that so-called bitcoin "whales" are accumulating funds is an extremely positive sign for the crypto market.

On Squawk Box, Fundstrat Global Advisors head of research Thomas Lee said that despite the 16-month correction, bitcoin is en route to a steady accumulation phase throughout 2019.

In the past 24 hours, the bitcoin price experienced a roughly 2.7 percent recovery following a slight pullback, climbing to $5,055 and leading a nearly $8 billion crypto market recovery.


Following a slight correction, the bitcoin price has recovered (source: coinmarketcap.com)

The slight retrace came after an impressive 19 percent rally of bitcoin from $4,200 to $5,000, a price movement analysts like Lee believe was crucial in rekindling the momentum of the market.


Whales Accumulating Bitcoin is a Positive Sign

According to Lee, whales that bought bitcoin very early on who sold some of their holdings when the asset hit a price of $20,000 have started to accumulate the dominant cryptocurrency.

The researcher suggested that many investors in the cryptocurrency market likely kept cash on the sidelines waiting for a viable opportunity to invest in the asset class once again, demonstrating the confidence of investors in the long-term trend of the market.

Lee said:

    “Bitcoin had a rough 2018 and for much of 2019, it’s been steadily climbing, and from what we can gather, it’s because there have been positive things taking place. You know a lot of the old whale wallets are buying bitcoin so it’s been slow accumulation.”

Throughout the past four months, bitcoin has arguably seen more progress in institutionalization than in the past 9 years from 2009 to 2018.


Reference: https://www.ccn.com/bitcoin-whales-have-started-splashing-this-rallys-just-getting-started