Topic: The whales stirred. What should we expect? - page 5. (Read 932 times)

You definitely overreacted about the crypto era reaching an end, no matter how much whales sell their assets or move them here and there, that won't make cryptocurrencies reach the end of the era, the market will surely react to it and there will be corrections every now and then, that is how the cryptocurrency market generally works, I don't think that we need to be worried about that, there will be no fun if there are no corrections and movements.

The reason why cryptocurrencies are profitable is that they move up and down if they become stable, no coins are moved in and out of the market, there will be no profits for anyone, there will be no bear and bull seasons, and everything will be boring, and I'm sure no one would want to see that happening.

In the past I would've speedily concluded that was the situation and such investors knew what they were doing. Then I used to believe these investors must've seen a dump coming and decided to cash out momentarily. However, recent events have proved this to be false. Most whales just want to shake off shrimps and planktons from the market so they can buy more. They cause the panic sell so they can buy from weak hands. It's not necessarily because there's a fundamental causing a dump.

Are you saying this base on your personal view or it's what you actually red about somewhere, i think I may guess maybe you're aiming a particular trade in which $32,000 is your target price you're waiting to get, well let's not be sentimental here, bitcoin is definitely approaching the bull season but gradually, there's more possibilities that the market will make more bull and amidst this also we shall be having a bear experience alongside till we arrived at the ATH of $68,000 and beyond during next year major event, so for now we should be expecting the both bear and the the bull gradually while the market for each day will give more clue on the speculation made on the chart weekly candles.


We aren't yet in the bull market fully, we are just observing the trend to how this will be getting unfolded sooner or later, but the assurance is that we are going next after this into the bull season.

First I would like to get the information about the wallet or the site where you got your data from. Then to answer yours questions, we must know that bitcoin is just like fiat we know anyone may decide to withdraw out millions of dollars through by their investment and we have no authority to question and query them about their decision to withdraw such amount.

In as much they had access to the wallet and the bitcoin belongs to them you and I cannot stop them from taking whatever action they have decided. Besides, I haven't seen any signs to justify that bitcoin is going to be erased or dying soon, we must know that bitcoin has came to stay and no matter any pressure from government or any authority it won't affect bitcoin rather the regulatory body's would only attack exchange and some centralized coins out there not bitcoin.

Probably wise investors preparing for an upcoming short period of bear market. But the bear won't take charge yet until Bitcoin crosses 32000. For now the Bull remains in full control.

Meanwhile let's continue to watch to see who other traders obey before we make our final move... Bitcoin Master or B'rock?

Let's not accuse me of FUD
No, I'm not spreading panic, or raising the hype. But at the same time I know that there are no unreasonable big movements on the market.
About the end of the crypto era - here I agree - I overreacted
I still think that there are some "signals" that will probably just correct the market in today's situation, or maybe just "move" assets to more stable and profitable ones.

Maybe for those of us who get into Bitcoin after going through a lot of research and long analysis before making a decision, of course we will be surprised to see how weak hands sell bitcoin in panic due to being influenced by fud news, or because of the movement of large amounts of bitcoin transactions that enter the exchange which at first glance looks to be sold. Although in reality maybe it could have been done to manipulate the market to create panic for traders and weak hands.

Those of us who are prepared to store bitcoin for the long term will certainly not be too affected by any price movements in the market which can only have an impact on short and medium term price movements. Because we have prepared ourselves to be strong in saving for the next few years. And don't mind every fud that pops up along the bitcoin journey.

But regarding the movement of wallets that have been inactive for a long time and suddenly become active, it is worth paying attention to those who are used to trading in the short and medium term. because my friend who is a day trader also often observes and analyzes big movements like this. Because he said this could also be an indicator in seeing and predicting the next market movement. he also observes bots like whalesAlert from time to time so that when big movements occur he won't miss the moment.

That's such a weak reason to sell though, I mean people who sell because of something like that always confuses me. You should be able to do something proper and you need to do a good amount of holding before you could profit. If you think some inactive wallet end up becoming active is good enough reason to sell, then you are not going to profit that easily and that's going to cause a lot of trouble for you.

I believe that the best thing in this case is to make sure you are profiting based on what you can profit on, and that's important. I know that it is going to take some time before we get used to these wild moves, and wild news, but we need to learn to control our emotions against these things if we want to profit.

If we carefully read the information about the movement of assets on the whales' wallets, we will realize that these are not just moves, but moves specifically on the MARKETS. People transfer assets to exchanges for what? Right - to sell or buy for one asset, another asset. Therefore, I, with high probability and assume 2 options - sale and exit to fiat (perhaps something know) or a global change of the "leader of the crypto world", other options explaining the transfer of huge amounts of bitcoins and assume I can not assume. In this case, the option "they just transferred" - I do not consider, because it is absolutely allogical.

Why is it necessary for us to give it such an extreme outcome? Can't we just think that it might be someone from the beginning who bought a bunch of Bitcoins and held them until now and is now trying to sell some of it? I don't see how that will end the era of Bitcoin or cryptocurrencies. It is not like they are selling millions of Bitcoins at once, and on top of that, it is just some more Bitcoins coming into circulation after being locked for years.

We all do move from crypto to fiat and vice versa, so why can't a whale do the same? I know that the amount of money that they use is usually significantly high, but it shouldn't be an issue for the overall market, let them do some manipulation and we will ride the tide along with them, as long as we are not panic sellers, we should be good.

What is the meaning of the highest ATH in November 2021 by the owner? Because I also do not understand the question you asked. For me the Bitcoin era is not over yet and will continue to be better every year, and the possibility of Bitcoin to make ATH again is also there as long as buyers can continue to increase with the level of selling in large quantities to be less.

Now Bitcoin is down to $29K again and I still think it's not bad as it's only a few percent of the $30K price. That means Bitcoin still has a lot more chance to pass $30K back in this year if the market conditions can keep up with the excitement of new buyers coming into the market. I also hope that Bitcoin will not weaken in terms of price again in the next year.

I don't think this is a compelling reason for the end of the Bitcoin era. If they do, I think it's only natural. So, the question now is, why should they now activate it for so long at the current price, not when the highest ATH was in November 2021 by the owner?

Well, regarding what we expect now, of course the same. The market is excited again and the demand for BTC is increasing even though the current conditions are less enthusiastic and weaker.

Speaking of this, just mere hours ago I've read that more than a thousand coins have awakened after 11 years of hibernation. It is worth $31 million. But I don't think the reason for this is any of the enumerated possibilities in the OP. It seems all the possible reasons cited in the OP are negative. The movement is possibly just a mere transfer to a SegWit address of a new wallet.

Just a month ago, there was also a movement of 1,400BTC, worth around $36 million, after a decade of dormancy. It seems the reason is also none of the ones mentioned in the OP as it seems it is primarily for the sake of privacy because it was moved to a P2TR address.

I don't think we are approaching the end of crypto or Bitcoin era and old whales are moving to fiat. Adoption is fast growing. Demand is rising. Supply on exchanges is draining. The future of Bitcoin is bright.

The only thing I could think of while reading your forum post is the fact that you are spreading FUD.
Proclaiming "the end of Bitcoin era" just because some whale had moved his coins sounds like unnecessary drama and panic to me.
The Bitcoin price had dropped down to 29K after being above 30K for more than one week. Going down by 1K USD isn't such a big deal for Bitcoin. It's obvious that there isn't enough support for a price pump to 35K-40K and that's why many Bitcoiners will sell at 30K(which isn't something bad). The summer months had always been a sluggish period for the Bitcoin market.
The crypto whales can do whatever they want with their coins. They can move them or sell them, we can't stop them from doing so.

I might look more at the version where long inactive wallets are suddenly activated to create panic in the market. And maybe it has worked for people who don't have strong enough hands to hold onto their Bitcoins much longer. But actually there will be many other reasons about this. It may indeed be for sale. or it could also be distributed to new wallets or it could even have started to be moved for security reasons and other things. So yes, speculation about this will indeed continue to develop according to each version.

But we also have to consider the timing of the old wallet move with the positive news that actually points to a positive future for bitcoin after the SEC approved several of the world's largest companies to launch Bitcoin Spot ETFs.

None of us are sure of the reason for this sale, all we can do is to speculate. It is possible that these whales have gotten to their projected profit margin and they want to sell and make gains. And other whales want to buy at the current price because they are targeting the halving season. It is also possible that these coins are bought by some of the firms that applied for spot Bitcoin ETF approval in the US.

There is also a general belief that altcoins give more profit than Bitcoin. So these whales may be diversifying to altcoins believing that as the price of bitcoin gains during the halving period, these altcoins will gain triple or even more profit. It is also possible that some of these coins were moved because of strict regulations. Recently Kuwait banned crypto activities, so many investors will have to move their investments to avoid sanctions.

We can keep giving more reasons because we don't know the reason for the movement of these crypto assets.

I don't understand people who are always trying to track the movement of crypto funds on large wallets. And even more so, I did not understand when the news feeds of crypto communities begin to write about every movement of cryptocurrencies on whale accounts. I consider this useless news. I recently read articles about the correlation of crypt movements on accounts and the price of cryptocurrencies, and in particular bitcoin, and I want to say that the author of the article came to the conclusion that there is no correlation. You can understand the logic of the guys watching the wallets - big money can create huge volumes on the exchanges, and move prices accordingly.
But this is an empty occupation, from which it is impossible to benefit.

It's hard to know if Whale's wallet sending funds to the exchange meant he sent those coins with the intention of selling them. Whales are smart enough to know how to use their funds, and they know how to generate profit from it. The purpose of this transfer could be that this whale deposited the funds in the exchange to trade in the altcoin, could be anything but we can only speculate.

And the most important thing is that once a whale sells all its coins and exits the market, there are thousands more whales sitting here to take entry to the market. So if someone sells, the other side has more whales to buy this coin. There is no point in creating FUD by looking at such a transection, you are questioning the future of the crypto currency market based on a transection!

We are not considering the fact that this whales if they wanted to actually sell off they would have done that when the last all time high was reached or they would have waited to the next all time high, we can not be sure the total amount of crypto-currency a whale has and 100, million is definitely a big sum of money but still a whale can have more than that, if they choose to withdraw that amount doesn't mean they can't reenter again.

Bitcoin and crypto-currency has gone beyond going out of existence because of hundreds of millions was withdrawn, also let's not forget the whales game to create panic that the market is going down just to drop the price and then panic sellers sells of just to come back again to buy when the price goes up. It's a strategy that has been used regularly to control the market.

This can indeed happen in the market alternately from one pope to another, because indeed not all whales move simultaneously in the market or simultaneously in terms of selling and also in terms of buying something. So that we can still see the level of price balance that continues to occur in the market because as you said that when one of the whales releases his assets into the market at a cheaper price with a specific purpose for something else, the other whales will not stay silent to immediately take it so that prices will remain in a better area.