Topic: The whales stirred. What should we expect? (Read 1009 times)

Significant upwards breakout in the last 24 hours. Maybe it is whales front running the news of a potential Blackrock SPOT ETF. I guess we will soon see if it’s a sustainable pump & the start of more upwards price trajectory or a fake pump & return to the norm.

The departure of "whales", or rather the withdrawal of their funds in bitcoin for "storage" indicator is twofold.
On the one hand, it says that we should not expect a bitcoin rally. I mean the trend for systemic growth and a noticeable increase in the rate.
On the other hand, it indicates that a change in the value of bitcoin in the future is expected, or at least it is a highly probable development of the situation.

In short - it's a shame that we didn't get high, but it's good that there will still be a chance.... but later

PS To understand - all this mass of bitcoin returned to where it was or.... Because it will be a different scenario

No bro it's not an era of cryptocurrency why do you think like that. in fact whales always stirred any kind of investment, it is simply because they have money and want to make profit.

and also there is news "Significant bitcoin outflow from exchanges
Mourad added that the outflows trace a strategic route chosen by certain investors to transfer their bitcoin away from exchange platforms.

"This maneuver can be interpreted as an attempt to shield their invested capital from the ongoing market instability," he said, also pointing to a significant outflow of BTC that coincided with the positive price trajectory after a U.S. appeals court ruled in favor of Grayscale on Tuesday.

"Observations subsequent to the price surge reveal that more than 20,000 bitcoins had been transferred out of exchanges into cold wallets," he added. The analyst said investors could be perceiving the market is still undergoing a corrective phase.

However, he added the action "signified a belief in the enduring value of bitcoin." " - https://www.theblock.co/post/248559/bitcoin-exchange-outflows-signal-long-term-holder-confidence-analyst-says

The other keep withdraw from centralized exchange

Let me assume that the entry of a global cryptocurrency investor like Black Rock into the market will attract not millions or even billions of dollars into the industry, but much more. Moreover, the SEC began to “give up” its positions in the tough opposition to the crypto world and crypto technologies. I won’t rush to conclusions now, but the overall picture is quite good for the prospects of Bitcoin and cryptocurrencies in general. Therefore, the real development of the situation will be “just around the corner”, and as stated - somewhere in the region of December 2023 - February 2024. So - if we are not whales, we sit and watch what is happening, seizing moments to earn money

I guess the narrative is different now, people are changing their notion of Bitcoin and its collapse and buying into it, loads of buys by BlackRock has changed the narrative and people are now buying in which is one of the percieved cause of a pottential pump in no distant time. Bitcoin has seen greener candles than it ever had in the last six months and we have hopes that it will be a continuous process if the ETF suits closes in its favor.

Today you and everyone else can already see the market revival which was mainly demonstrated by Bitcoin with its price movement from $28K to $29K. If that continues to happen this month, I think Bitcoin could pass the $30K resistance level this month and it could also be very possible to continue making quite good price improvements in the next month. Now everyone can probably expect an increase beyond $30K as Bitcoin is starting to get very close to that level, especially today.

Of course this makes a bad impact on the market, when Whales leaves Bitcoin and no new money enters, the market will be difficult to rise, the current turnover is indeed a lot of transactions that come out of personal wallet and certainly make their allegations divert to stable coins stable Then to Cash is something that can make the market difficult to rise.

No movement has been observed for a long time and unfortunately the cryptocurrency wallets belonging to the revived whales have started to create fear in the markets. Although the activities of these wallets cause the market to be pessimistic. It is necessary to closely monitor whether the funds that are transferred are sold or not.

Yes, in a possible scenario these wallet owners may have lost their trust in blockchain and cryptocurrencies and may have made these transfers to make sales. This is a situation that will negatively affect the cryptocurrency markets and will reveal the liquidity problem.

In another scenario, as Bitcoin's halving process is approaching these wallet owners may have mobilized their funds and aimed to make money by buying and selling during possible price fluctuations. Although this will put pressure on prices in the short term. It will be a scenario that we can consider as positive in terms of volume in the market.

Another scenario could be to create a panic in the market by scaring small investors and collect cryptocurrencies at current price levels before Bitcoin's halving process. This scenario is just an event that will cause losses to small investors and is a frequently used method to shake-off small investors.

Another scenario is that these people may aim to create a serious buying-selling walls at current price levels and make money by buying and selling between certain support and resistance levels. This situation will not have a positive impact on the cryptocurrency markets especially in the short term because if such a scenario occurs the price will be stuck within a certain range.

In summary, it would be correct to comment by following the transactions made after these transfers in addition to the money transfers of the cryptocurrency wallets of the whales which have not been observed for a long time and have been revived nowadays. Analyzes made without any observation will only consist of manipulation and creating fear in the market.

With the history of Bitcoin's existence, it is too early to say that we are at the end of the Bitcoin era. In fact, the popularity of Bitcoin
and cryptocurrency is even rising. Because with each passing year, the number of its communities also increases. And the rising
dominance of cryptocurrency is also increasing, which is coming under regulation by other governments. In short, there is increasing
regulation or adoption of cryptocurrency by the government and financial institutions.

And if there is someone selling Bitcoin, it could be that other investors who are doing this are also investing in other cryptocurrencies that they also see potential in the future, such as Ethereum, Bnb, Arb, and others that are top-listed in the market. And others who sell their bitcoin to convert it to their respective fiat currencies.

Now the situation is being escalated to get assets out of weak hands as soon as possible. Usually such situation is characteristic before the beginning of long growth. Therefore, one should not give in to panic. You just need to wait for some time and act with a cool head.

Of course, such a scenario cannot be excluded. And I have stocks of Bitcoin and other alternative currencies, but I am not forcing investments in them. More precisely, only in them
There are a lot of alternative assets where you can invest your money - from real estate to agriculture. I consider agriculture to be very promising, albeit with some caveats. I personally invest in one agricultural project. True, before the start of investment, I spent 2 months studying all the ins and outs of the project, the company, and the owners. But the project has been running for almost 2 years, is paying dividends, is developing, and I am closely following it, even to the point of personal trips and monitoring of what is happening and personal testing of the crop

There are several other areas of investment, which generally confirms my commitment to diversification. At the same time, I buy more cryptocurrency little by little, believing in the next pump

The amount of news that whales are selling their assets immediately makes us have to be vigilant, there are lots of reports and speculation that the era of cryptocurrencies will end soon because of the many problems that are happening, of course the best thing is to always monitor market conditions so that if big things happen then we make decisions immediately.

It's not easy for me to read that, but I know that nothing can be ruled out, especially in the world of crypto. But I'm an optimist. The only reason I can see for such a low price is the whales dumping their coins to lower the price before starting buying massively. A new ATH is inevitable. Everyone knows that. If you manage to make BTC down to $15k and than buy a lot of it, you'll make a good buck when it's $150k, right?

There's wisdom in diversification of investment as its a way of backup in the advent of a crash on one you're covered with the rest others. I am an ardent proponent of bitcoin but I wouldn't advise anyone to heavily invest only on it, splitting the investment to other areas would be more profitable and secure.  Now at this time bitcoin is dwindling in price and with the news of the whales moving their bitcoin, anyone with diversified portfolio won't shrink because there's no way all his different investments will be doing bad at same time.
If someone expresses that the actions of the whales withdrawing their bitcoin from their untouched wallet will affect price of bitcoin, such person is not wrong in that thinking, we are all speculating because none of us knows what the future holds, everyone is free to express their thoughts but that doesn't mean their thoughts or that of mine has any determinism in the future of bitcoin.

"And your masters... "Don't try your slavish thoughts on other people ! Especially people free from any "masters", whether in crypto or fiat world

Not a small correction, but now the talk is that the prospects of bitcoin are not the most positive, to put it mildly
Time will tell what will happen next, but so far we don't see any noticeable events and activity that would talk about a pullback to 30k and further growth.
Now it is most difficult for those who believed in bitcoin and invested heavily there. I have always said - diversify your assets, and you will be calmer and more profitable !

As a "crypto optimist" as you put it, I can say that this is a teeny tiny microscopic correction and not even worth mentioning. And your masters should start to realize that they cannot control and manipulate anything they want. Bitcoin can't be stopped. Period. 

1. Apparently Musk had nothing to do with it, according to the data his Bitcoin holdings were not "dumped" into the market. Most likely, the reasons are elsewhere, but there are no obvious reasons. At least they are not "on the surface of the news feeds". Either there is a preparation for something.....
2. Someone managed to dump bitcoin at 29k dollars ?

The most interesting thing is that there are enough statements, which began before breaking 28k, that the prospects of bitcoin and the crypto market are not very positive, and probably we will see 15k and possibly lower....

I wonder what the crypto optimists will say now ? By the way, this situation perfectly shows what will happen if someone decides to introduce bitcoin as a means of "replacing the dollar" ....

It's not happening now, that's for sure. I don't know the reasons, the SpaceX selloff?, but Bitcoin has dropped by 12% since last week. Hopefully, Musk will sell all crytpo he has and leave it for good at last. But if he won't do that, and will keep doing his thing as others of his kind, then we'll many ups and downs in the nearest future, as, in fact, it always happens with BTC. But what I'm sure of is that eventually we'll be there, around $150k,  if not this year then the next.

Yesterday I read an interesting prediction from one, quite famous crypto-analyst: now the last bitcoin dump is taking place possibly to the limits of 28.000 dollars per bitcoin. After that, a bullish trend will start, with a rather high forecast - up to 125.000 dollars per bitcoin in 2024 (CoinsKid).
I wonder what will be the indicator of such predicted events ?


PS.

Sorry - I can not help you, and I can not tell you where there is a forum for people like you - miserable and embittered, that you would realize your complexes there. Try to find it yourself, but this forum and this topic is definitely not for you  

And at this point when the price looks like its doing fine now, reached above 29.5k+ levels and the profits are on the way, if you are still selling that means you do not only sell because you are afraid, but you are selling because you want it to go down.

Whales are smarter than that and they are making as much profit as they possibly could and they will end up making more investments to end up with more profits as well. I think its quite important that we could end up with something that would be higher and they know it and they are going to go into it. Why would anyone think that whales would a chance to make profit, they are whales for a reason and that's why its quite important that they do what they could to profit.