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

I really doubt whales do the buying part on OTC at all, they probably sell at OTC for sure and someone must be buying from them but that is when the seller offers something decent for the wholesale price. Normally any whale with a bit of brain (which I assume they all have in financial regards since they are whales) they buy on the exchange, after all when you buy on the exchanges you increase the price anyway so why not both buy bitcoin and increase your profits at the same time ?

Buying at OTC only works if you get a great discount, if you are not getting a discount or couldn't find anyone to trade on OTC than you will want to buy on exchanges, you start to buy at 4k than with both your purchases and the resistance being broken you end up at 5k which means you profited even while you are buying.

Or someone might have screwed up with the buy orders and bought in on exchanges rather than doing it in an OTC market. While I don't think that in itself is bad and is very fishy, I think that it surely enticed a lot of people into buying more bitcoins thinking that the much-awaited rally is really here to come and they are seeing it before their very eyes. The price has since stagnated on the lower ebbs of $5000 and haven't tried to break out of $5500 except for the past 2 weeks. The craze died and the FOMO too, and I think these 'whales' already disassociated themselves with the rise and have since left out the markets for the meantime.

Whales are not ordinary people that put their money in that specific token or coin. They are all well educated for sure and they don't like to be in one coin at a time. If they are coming we will see it for sure. The market will react as if whales are already there.

Couldn't agree more... only problem for me is I'd love to be able to read all these movements, but seems to me (based on my past multiple failures) that it's really just anybody's guess. This probably isn't as "easy" as it might have appeared to be in the weeks and months predating 2016. Even Spoofy is apparently so hard to track. Not a single person was able to foresee that huge series of BTC orders earlier this month, not even all those scores of AI algorithms supposedly able to track and predict. Speaking of which, they've all gone awfully quiet. Machine learning obviously not working as whale sonar;)

Good ending, they can only manipulate those that wishes or surrenders themselves for manipulation, what I usually advise many investors to do is not just to take the market alone as profit taking system but use it as means of learning how the whole system works.

I think there should be a course or tutorial on whales action where people can really learn how to move along with the whale as you said, and I really think people are actually doing so already, this may be the reason why we are seeing some balanced fluctuation in prices as they are not really have enough space to breath.

If we can learn how to work along with whale, we will be able to achieve a high value that will be void of manipulation and one that its duping will never cause bear market again.

That's a thing but, that's not even a valid counter argument to my post.
I see that you don't understand the context of my reply about the use-case of OTC and Open market trading for whales and blurted a reply that's not totally related to my post.

It's not about the crash and dump that's being obvious, it's about the whale's movements.
So as your reply said, we must follow their lead as close as possible.

Lee is bullish, so we can expect some bullish prediction.
Without considering his prediction, I still believe that whales are already back, I based it on some indicators, and one of them is the increase of trading volume. We don't have this kind of big volume before and only them can increase it when there is no significant news that will make the public do it.

The price went up and stagnated at  $5000, so I wonder: if the whales are really accumulating, why is the price stagnant at  $5000? because it would take a lot of time to buy when the price was $3000? why is it so hard to admit that the supposed whales have nothing to do with abrupt price drop and abrupt price increases?


I also do not know anything about the supposed whales and I wonder if they really exist and if they have so much power to manipulate the price of bitcoin as some people say

And the crash was an obvious dump? There is nothing obvious in this market, you just have to follow the price, never try to get too ahead of it. You have to follow them, we don't have the power to move the market, this forum probably owns 1% of the market at best, at most.

The whales are playing the game their know best on how to play and we are the one that are really suffering from their activities especially if we don't know how the cryptocurrencies market work.  We should invest along the way of whales instead of against their directions.

I wouldn't call it a "Positive Sign", it's rather an obvious Pump (if it's really the whales)!

Why? Whales accumulates funds via OTC trading when needed, there's no reason for them to BUY from the open market other than a P&D attempt.
But the Dumping always has been done via OTC trading too, the problem are the traders that blindly follow their moves.
That's what News and FUD are for.

that is not called accumulation bro. what you explained is just plain trading where you buy low and sell high (rinse and repeat). accumulation is the prolonged stage where you just keep buying and is indicated by a rather stable price (or horizontal line on charts) and a higher volume. and you are buying to sell it later on when the big rise came. so it means many buys and only one sell.

Breaking the weekly lower high pattern that lasted 1 year and a half is a pretty strong and clear indicator mate, you can't get any better than that really.

The technicals are inconclusive at this time. We can be facing a selloff to confirm the bottom again, a smaller one to confirm the higher lows at 4,8k or something different. Historically, the beginning of a bitcoin bull market played very similar to what we are seeing now, but was followed with a drop to a third of the previous gain before the uptrend was confirmed and continued up. We could be facing 4,5k before we establish a new permanent support and go up.

One thing that this asset has taught me over the years is not to be sure of anything. Although the chances of 3k or lower are slim, they still exist.
If I were to make a prediction, I'd say we'll be going up from here with or without a small short-term drop. 6k in Summer.

Most of the sentiments are appealing to the most investors except the Chinese FUDs which is always making a negative statement everytime Bitcoin gets a new height. This new rally is giving a small hope that we are nearly at the bullish market but we will still have to hodl more since it is not yet ready to fly high yet.

I don't know about whales but all the technical indicators are pointing towards a nice recovery. Weekly trend changing is huge, it hasn't happened since 2017. The daily trend looking stronger than ever and good volume behind it, the sentiment also seems to be changing and look at the recent ICO's held by Binance or Bittrex, sold out in minutes if not seconds.

We can presume but we cant point out!

We did see a rally on previous weeks on bitcoins price tending to rise up for some percentage and now we are tanking on $5k price but this doesnt mean that
rally is just getting started.We have seen recovery atleast but its too early to presume that we are already on heading to reversal.The thing we do commonly
know that whales would really be always there making up steps that do benefit them either accumulating or dumping for the sake of profits.

Stop and consider why this happens. It's not just madness. It's rational traders and investors riding the market waves and taking profit. Markets are pretty unpredictable so I don't blame anyone for buying before a drop in price. But the reason these buyers usually lose money is because they are impatient or overleveraged and that's their own fault.

Whales profit just like any other rational traders: they take money from people who aren't patient enough to wait through a drawdown. They buy when people are fearful and sell when people are greedy because that's when strong buy/sell liquidity exists.

I think their starting stage of accumulation was when bitcoin bottom at $3k which I believe they are still accumulating more now. If they are done accumulating, we wouldn’t have seen the sharp increase we saw recently in the price of Bitcoin.

I believe accumulation will continue till BTC reaches $6000, then after which we might see a slowly increase in the price of Bitcoin till more genuine investor who would use the system for payment pumps in more money to make it reach its ATH. So, as they are still accumulating, the best would be for us too to continue accumulating and study them carefully to know exactly when it is likely for them to sell off.

Genuine traders also need to be wise and go along with the so called whales who has taken advantage of what cryptocurrency really stand for and honestly speaking, I can’t wait for cryptocurrency (Bitcoin) to really develop to its fullest where these whales will become very irrelevant because I see this strictly as stealing from the less privilege by taken advantage of their emotion, you might think its smartness, I see it as madness.

If they were strong enough, they would have played their game without having to manipulate, invest genuinely like every other genuine investor and stop crashing the system built unnecessarily.

Satoshi built this system strictly for payment purpose, it ought to have gained more recognition than it does now, but slow because of the actions of these whales who are scaring prospective investors in putting in money for payment or store value as they could get less value than what they budget for when it gets to the wallet.

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