Topic: Do you track bulk Bitcoin transactions being carried out by whales? (Read 310 times)
November 16, 2023, 04:17:28 PM
No, I don't like to track any other transactions outside of my own. Why should we spend time monitoring whale transactions? But sometimes it seems a few Twitter Kols post whale movements alert. But for that, I don't feel there is much impact. Everyone has the right to move their funds accordingly since crypto is decentralised. Unless there is sell pressure in the market, you shouldn't react to whale fund movements. I admit that sometimes this kind of whale transaction becomes a reason for FUD, which sometimes increases sale pressure. But it doesn't happen most of the time.
November 16, 2023, 04:05:53 PM
Some people like doing this, like those who are into trading and chart analysis, they believe that when a big whale moves his funds into an exchange then something is about to happen or maybe the whale knows or heard something that they don't know.
I don't see any needs for me to do this because it's a big stress monitoring my crypto portfolio and also monitoring the whales wallets, as crypto isn't something I do full time I have other things that are occupying my time, I just buy bitcoin and hold for long term profit.
If you are so into Bitcoin trading it can be good to keep track of such wallets because you will be able to stay ahead of the game, I believe that trading in the bull is better and more possible to win some market prediction.
I don't see any needs for me to do this because it's a big stress monitoring my crypto portfolio and also monitoring the whales wallets, as crypto isn't something I do full time I have other things that are occupying my time, I just buy bitcoin and hold for long term profit.
If you are so into Bitcoin trading it can be good to keep track of such wallets because you will be able to stay ahead of the game, I believe that trading in the bull is better and more possible to win some market prediction.
But this group of whales that can move the price significantly also has diminished a lot. It really needs a monster wallet to create fear in the market or motivate traders to decide to get out for some time or so, but tracking whales to adjust my own investment decisions? No, definitely not, but I think these whale trackers on former Twitter are quite fun to watch sometimes. It really has no impact on my belief in Bitcoin, but seeing when a few thousand Bitcoin get moved that were dormant for a decade, I think it can be interesting.
November 16, 2023, 12:23:53 PM
Some people like doing this, like those who are into trading and chart analysis, they believe that when a big whale moves his funds into an exchange then something is about to happen or maybe the whale knows or heard something that they don't know.
I don't see any needs for me to do this because it's a big stress monitoring my crypto portfolio and also monitoring the whales wallets, as crypto isn't something I do full time I have other things that are occupying my time, I just buy bitcoin and hold for long term profit.
If you are so into Bitcoin trading it can be good to keep track of such wallets because you will be able to stay ahead of the game, I believe that trading in the bull is better and more possible to win some market prediction.
I don't see any needs for me to do this because it's a big stress monitoring my crypto portfolio and also monitoring the whales wallets, as crypto isn't something I do full time I have other things that are occupying my time, I just buy bitcoin and hold for long term profit.
If you are so into Bitcoin trading it can be good to keep track of such wallets because you will be able to stay ahead of the game, I believe that trading in the bull is better and more possible to win some market prediction.
November 16, 2023, 10:45:36 AM
I mean there's always a movement of big accounts going on in Crypto. I do not track them, I personally like to track what the biggest companies and organizations in Crypto are doing.
For some reason, these big movements or transactions do not excite me. You should only keep track of the Minting or Burn of USDT/Stablecoins. That's actually what matters.
For some reason, these big movements or transactions do not excite me. You should only keep track of the Minting or Burn of USDT/Stablecoins. That's actually what matters.
November 16, 2023, 10:09:49 AM
Yeah, for sure keeping tabs on the big fish in Bitcoin can be important if you're actively trading. The huge transactions they make can really move the market, so watching them is like getting insider info on where things might go next. Since I'm not a trader though, I don't religiously track the whales or anything. I just read about the big deals they do if it pops up in my news feed or whatever. Its crazy the amount of Bitcoin some of these people/companies have and how much they can swing prices if they want to and like I saw something the other day about one wallet transferring like $400 million in Bitcoin to another wallet. Wild! But yeah, I don't obsess over it or anything, just kinda keep up with the highlights.
November 16, 2023, 09:26:11 AM
I don't do that, let those accounts or profiles in Twitter(X) do that for us. It doesn't make sense that you follow them and then your decisions will based on them. That just gives you anxiety and can lead you to misleading information that shall affect your decisions.
Because the current value of all your holdings depend on those bulk transactions.
Nope. It's based on demand but those transactions are part of the demand but that doesn't mean that all the demand runs on those bulk transactions. They're not the only demand and transactions that you should be wary of, honestly there's nothing be worried with. Just treat it as typical day when you see one. 
November 16, 2023, 08:40:01 AM
But daily traders can be impacted by this to large extent.
Definitely it's, any news related to Bitcoin even it's small might affect Bitcoin. Now the question, is there a lot people in this forum are actually traders? I see it's not since most people said they didn't follow or track bulk transactions.If you ask "does bulk Bitcoin transactions affect Bitcoin price", you will get many "yes" answers.
November 16, 2023, 08:17:09 AM
Do you track bulk Bitcoin transactions being carried out by whales? Do you feel it has good impact on Bitcoin prices and a regular trader can benefit from this data.
Why should I mate? why do we need to tack those Bulk order ? for inspiration or for frustration that they have what we cannot afford to. sorry but i find no reason for me tracking them instead what I do is finding my way to have my own transactions
and of course the orders I can have for my own wallet.with those act I dont have to feel anything bad for not having Bulk orders.
I don’t track the movements of whales because I don’t care what other people are doing with their funds. Not to mention anyone can make their coins look like they’re doing anything with them, so if you are reliant on this sort of thing you’re leaving yourself open to being manipulated. Just make your own decisions and do your best. Don’t follow others.
and knowing that you also have your own Bulk Bitcoins mate 
that is also my point , your coin your trackingsame as OP , His coin His tracking that is what best for all of us.
Because the current value of all your holdings depend on those bulk transactions.
November 06, 2023, 02:16:50 AM
Do you track bulk Bitcoin transactions being carried out by whales? Do you feel it has good impact on Bitcoin prices and a regular trader can benefit from this data.
Why should I mate? why do we need to tack those Bulk order ? for inspiration or for frustration that they have what we cannot afford to. sorry but i find no reason for me tracking them instead what I do is finding my way to have my own transactions
and of course the orders I can have for my own wallet.with those act I dont have to feel anything bad for not having Bulk orders.
I don’t track the movements of whales because I don’t care what other people are doing with their funds. Not to mention anyone can make their coins look like they’re doing anything with them, so if you are reliant on this sort of thing you’re leaving yourself open to being manipulated. Just make your own decisions and do your best. Don’t follow others.
and knowing that you also have your own Bulk Bitcoins mate that is also my point , your coin your trackingsame as OP , His coin His tracking that is what best for all of us.
November 06, 2023, 01:44:22 AM
I don’t track the movements of whales because I don’t care what other people are doing with their funds. Not to mention anyone can make their coins look like they’re doing anything with them, so if you are reliant on this sort of thing you’re leaving yourself open to being manipulated. Just make your own decisions and do your best. Don’t follow others.
Long term holders like you do not need to worry about the whales action. But daily traders can be impacted by this to large extent.
November 03, 2023, 07:04:54 PM
I don’t track the movements of whales because I don’t care what other people are doing with their funds. Not to mention anyone can make their coins look like they’re doing anything with them, so if you are reliant on this sort of thing you’re leaving yourself open to being manipulated. Just make your own decisions and do your best. Don’t follow others.
November 03, 2023, 03:49:15 PM
The other thing is we don't know the different between a "whale" and a large institutional holder.
If it's not an exchange with a known address but rather some private equity fund that bought a bunch of BTC and is now moving it for some reason.
Using what @pooya87 said. If they are moving the coins from A to B in terms of just moving the coins to a different address in the fund it's going to do nothing to the price.
If they are moving the coins from A to B in terms of a private sale it's going to do nothing to the price.
If they are moving the coins from A to B in preparation of selling on a public exchnage it's going to do nothing to the price till the sell.
And so on.
I know someone sitting on 500BTC give or take from back in the day who just moved it to a new multisig address due to a bit of panic about not being able to find one of the 4 keys needed to sign (2 of 4)
Not a 'whale' but the move was mentioned about 2014 address coming alive for the 1st time in years.
Funny part it was not he moved the BCH and the other forks out in 2017 [which he has been living on] but nobody talked about that.
-Dave
What about the case when there is movement from an old Bitcoin address from 2010 or something in bulk? If it's not an exchange with a known address but rather some private equity fund that bought a bunch of BTC and is now moving it for some reason.
Using what @pooya87 said. If they are moving the coins from A to B in terms of just moving the coins to a different address in the fund it's going to do nothing to the price.
If they are moving the coins from A to B in terms of a private sale it's going to do nothing to the price.
If they are moving the coins from A to B in preparation of selling on a public exchnage it's going to do nothing to the price till the sell.
And so on.
I know someone sitting on 500BTC give or take from back in the day who just moved it to a new multisig address due to a bit of panic about not being able to find one of the 4 keys needed to sign (2 of 4)
Not a 'whale' but the move was mentioned about 2014 address coming alive for the 1st time in years.
Funny part it was not he moved the BCH and the other forks out in 2017 [which he has been living on] but nobody talked about that.
-Dave
If I saw 2009 and 2010 addresses going to coinbase wallet address or binance time and time again in under 10 days it would interest me.
Logic would be someone got access to the early coins and what is he or she up to.
November 03, 2023, 03:41:30 PM
Do you track bulk Bitcoin transactions being carried out by whales? Do you feel it has good impact on Bitcoin prices and a regular trader can benefit from this data.
I don't track such tx's, and i see no reason why people should do so, i believe it is only weak hands that are usually concerned about such movements and tx's. I admit that tx's of a large amount of BTC's creates fud most times, but it shouldn't really, because we don't know where or why such person is moving their coins, and it is their keys so they are free to do what they like.I am not a 'regular trader', but i know they love to trade on the news, people make a lot out of tx's of large amounts of BTC and if the news manages to spread, it can cause fud and affect the price; but take note that such movements in price is only temporary and you should not make long term decisions on them.
November 03, 2023, 03:39:30 PM
Do you track bulk Bitcoin transactions being carried out by whales? Do you feel it has good impact on Bitcoin prices and a regular trader can benefit from this data.
I think I follow an account on Twitter that posts updates about whales making bulky transactions. Sometimes they even add the duration of sleep on the account (if it’s worth looking at). Anyways, the impact of these transaction depend where they are going to. If the whale is selling, it’s definitely a downward impact, and if buying, it’s upwards. Note that the impact may not always be very significant because the condition of the market also matters on the impact.
November 03, 2023, 03:28:17 PM
I never do it, nor do I care what whales are doing. I hold my own fort.
I don't even read the news, or check the price of bitcoin. I take most of my information from a few very bitcoin-oriented channels, so no shitcoin pumping there and no comparing of bitcoin to something else, just pure bitcoin talk with some economics and politics. The rest I get from this forum. I don't even care about the short term price fluctuations. I use bitcoin to buy something from time to time, when I need stuff, mainly electronics, but I try to wait for a decent pump before I do it. Even if Saylor was to sell all his bitcoin today, I wouldn't do anything, just as I didn't do anything in 2020 when bitcoin crashed on covid news.
I don't even read the news, or check the price of bitcoin. I take most of my information from a few very bitcoin-oriented channels, so no shitcoin pumping there and no comparing of bitcoin to something else, just pure bitcoin talk with some economics and politics. The rest I get from this forum. I don't even care about the short term price fluctuations. I use bitcoin to buy something from time to time, when I need stuff, mainly electronics, but I try to wait for a decent pump before I do it. Even if Saylor was to sell all his bitcoin today, I wouldn't do anything, just as I didn't do anything in 2020 when bitcoin crashed on covid news.
November 03, 2023, 10:18:50 AM
The other thing is we don't know the different between a "whale" and a large institutional holder.
If it's not an exchange with a known address but rather some private equity fund that bought a bunch of BTC and is now moving it for some reason.
Using what @pooya87 said. If they are moving the coins from A to B in terms of just moving the coins to a different address in the fund it's going to do nothing to the price.
If they are moving the coins from A to B in terms of a private sale it's going to do nothing to the price.
If they are moving the coins from A to B in preparation of selling on a public exchnage it's going to do nothing to the price till the sell.
And so on.
I know someone sitting on 500BTC give or take from back in the day who just moved it to a new multisig address due to a bit of panic about not being able to find one of the 4 keys needed to sign (2 of 4)
Not a 'whale' but the move was mentioned about 2014 address coming alive for the 1st time in years.
Funny part it was not he moved the BCH and the other forks out in 2017 [which he has been living on] but nobody talked about that.
-Dave
What about the case when there is movement from an old Bitcoin address from 2010 or something in bulk? If it's not an exchange with a known address but rather some private equity fund that bought a bunch of BTC and is now moving it for some reason.
Using what @pooya87 said. If they are moving the coins from A to B in terms of just moving the coins to a different address in the fund it's going to do nothing to the price.
If they are moving the coins from A to B in terms of a private sale it's going to do nothing to the price.
If they are moving the coins from A to B in preparation of selling on a public exchnage it's going to do nothing to the price till the sell.
And so on.
I know someone sitting on 500BTC give or take from back in the day who just moved it to a new multisig address due to a bit of panic about not being able to find one of the 4 keys needed to sign (2 of 4)
Not a 'whale' but the move was mentioned about 2014 address coming alive for the 1st time in years.
Funny part it was not he moved the BCH and the other forks out in 2017 [which he has been living on] but nobody talked about that.
-Dave
November 03, 2023, 04:12:59 AM
Do you track bulk Bitcoin transactions being carried out by whales? Do you feel it has good impact on Bitcoin prices and a regular trader can benefit from this data.
No, i don't, one does not have to consistently keep up with the track bedside it makes no impact on anything than you seing how they were being moved from one address to another, which invariably does not indicate that they were being sold or bought, another thing is to consider the stress and time in doing this, the best thing to do is to keep up with the normal tracking on the market price, check for more indicators and study the pattern on the price chart and derive your own conclusions.
November 03, 2023, 04:01:13 AM
Looking at the many answers given by forum members, it is certain that everyone said no about tracking Bitcoin bulk transactions made.
After all, it was just a whale transaction that did not mean they would sell their Bitcoin holdings.
It was just a show-off transaction and a plan to disrupt the market with a million-dollar transaction.
The transaction also uses the Mixer Platform, so it will not be traceable who is behind the transaction.
If they really want to influence the market price by selling their Bitcoin holdings, it will only have a temporary impact and the bull market will still be bullish.
Whales only play games to catch fish that are given a lot of bait.
After all, it was just a whale transaction that did not mean they would sell their Bitcoin holdings.
It was just a show-off transaction and a plan to disrupt the market with a million-dollar transaction.
The transaction also uses the Mixer Platform, so it will not be traceable who is behind the transaction.
If they really want to influence the market price by selling their Bitcoin holdings, it will only have a temporary impact and the bull market will still be bullish.
Whales only play games to catch fish that are given a lot of bait.
November 03, 2023, 02:57:49 AM
Do you track bulk Bitcoin transactions being carried out by whales? Do you feel it has good impact on Bitcoin prices and a regular trader can benefit from this data.
No! Because it is not important for me either and it has no impact on the price. I'd rather monitor the news as it was more influential than seeing those bulk transactions that are usually from exchanges. Besides, what are we gonna do if we see this huge transfer? Nothing but just wait for what will happen next. In fact, they are not selling, they are just moving their funds to another wallet which means that we have nothing to worry. Better we track the movement of the price as it was useful when trading rather than these whale's transfers. 
November 02, 2023, 03:38:12 PM
Do you track bulk Bitcoin transactions being carried out by whales?
No, doesn't make sense to me to track those movements.Do you feel it has good impact on Bitcoin prices and a regular trader can benefit from this data.
If there is some impact, I think it's going to be bad. If you are a newbie here and you see reports that X amount of bitcoin has been moved from wallet A to wallet b, what do you feel? Exactly, it might create FUD to them. And that's the main reason why I don't see the any benefits at all with this kind of X (Twitter) account who has notifications because it might create a wrong signal to the market. So for those newbies out there, it's better to just stay grounded and don't complicate things on your end by reading too much news here as 90% of it are not even verifiable by the authors themselves. Just learn how to read between the lines and don't overthink it. Jump to: