Topic: The whales stirred. What should we expect? - page 6. (Read 1009 times)

Well, maybe the market can dip just a little or a lot before the halving can take place, but whatever it is, only a few investors can sell now, probably those newbie investors who have the use for their Invested funds or those who can sell out of panic depending on whether the price falls below what it is now. Since the cycle has just been there in history, the old and experienced will definitely hold for a better bull run before they can sell and probably hold in fiat for another bear market so they can re-buy.

You should post references before you make conclusions that "ancient crypto wallets are coming to life". A lot of old wallets that have been recently posted have already been exposed...mostly relating to Mt. Gox, some relating to criminal cases, others are just small (relative to how much they actually effect the market) long-term holders coming back to claim their riches.

Nothing major has been discovered that has not already been publicized.


Actively moving to fiat? Not true either. Or at least, not provable. The only reason we are at $30k and why sentiment is pessimistic, is because of LUNA and FTX, and the chaos that followed. Otherwise, Bitcoin is healthier year on year. Otherwise, year on year growth and short term metrics only show more moving to Bitcoin, not the other way around.


Please. The end of the Bitcoin era? We are sitting on $30k, volume is higher year on year, liquidity is stronger, acceptance and adoption around the globe is only increasing.


That's not true at all. Regulators are trying to find a medium where they can benefit from cryptocurrency without allowing another country to prosper more than them. It's a balance that they alone are trying to find and is not a problem at all for Bitcoin


This is how Bitcoin works. People store for a long period of time, they store value in Bitcoin. Additionally, you are missing the fact that a lot of these coins are lost forever on hard drives that are either irretrievable or owned by those who might very well be deceased.

I mean the still the main goal of these whales is to earn a profit, I mean for sure most of the investor's goals are just to earn a profit, and the time will come that they will sell their bitcoin on the market that for sure, But this wasn't actually a bad thing since they are still investors and traders having whales have good and bad things as well, One of the things that they affect is they can probably affect the market movement because they own a huge volume of cryptocurrency or bitcoin, think about it if a group of whales plans to buy or sell a cryptocurrency or bitcoin if they start buying a huge amount of bitcoin at the same time that could easily pump the market, meaning they could easily manipulate it, if market price other investors is going to buy as well thinking that the price is starting to skyrocket but then when whales think that it is a good opportunity to profit already they will sell and drop there holding at the same time. I mean we all wanted fiat because that is what we can use to buy, but that doesn't mean that they are completely moving to fiat, because cryptocurrency is a form of investment so if there is a huge opportunity again they will continue to buy cryptocurrency again.

Sales of large amounts of bitcoin doesn't necessarily mean that its value is going to plummet right then and there. There's multiple factors affecting the price of bitcoin and sale movement is just one of them. Plus for all we know, with the right process the act thereof of selling and trading bitcoin for other cryptocurrencies is a good thing too as it helps with improving the trade volume of bitcoin, which in itself is an important factor to its price. At the end of the day it's not like something as simple as this could topple bitcoin from its position or even worse kill the whole cryptocurrency world. Keep that in mind and stop getting FUD from people who don't know better of what's really going on within this industry.

Whales are dealing with a lot of financial opportunities so there’s a higher chance for them to leave the market and spend it somewhere else, but its hard to tell.

They might want to trade their BTC into altcoins or will use that funds to support their own projects. See, there’s a lot of possibilities here and remember when one whale leaves the market, the other whale will catch the market at a cheaper price and will take advantage of it.

You should have known better mate, whales are our friend here.


- again, you are legendary already, and you are a crypto enthusiast, so what will it be? obviously, I doubt that investors are moving to fiat
- no, this is just the start of Bitcoin era, when we hit 6 digits in the next bull run, those haters are going to be quite
- regulators have been here since 2017, seen the last great bull run in 2021, so I so they will just continue as long as crypto exists

We can't keep all whales to stay in crypto, they can leave freely but guess what, many had come. So, it doesn't matter if they will leave crypto and sell their assets because it was not the end of the crypto space, some whales are buying it which is why we never see a huge impact on the price of Bitcoin.

It is to say that not all will stay forever in crypto, some could find another money multiplier. So I wasn't surprised this would happen, in fact, it happens already in the past years. I'd still be optimistic about the future of Bitcoin and the crypto space as it won't die too easily when there are still people who support this.

Moving into fiat or stable coin? I think the latter sounds more reasonable if those "ancient " wallet contained bitcoin and are now transferring to exchange then the logical analysis would be they either want to convert to stable coin to hodl in expectation that price will drop or that their big sells will eventually crash price while they are still hodling equivalent current price to sweep in more btc. I know another analysis could be selling to hodl in fiat but that may not visibly be certain because they fear inflation that is possibly hit the fiat and its value may not purchase as much btc if the crash happens. Just my thoughts anyway .

It's likely that the whole cycle will repeat, but maybe it's designed that way so people will expect the cycle to repeat after the halving, whereas everything can happen before the halving. The whales are clearly frozen in anticipation. The hardest part is getting over the uncertainty, which is why many people can't stand it and sell their coins.

This is just business, I guess. With the situation of dedollarization and inflation, many investors, including those whales, would not want to exchange their Bitcoin for fiat and hold only fiat. This is because they know how they will be faced with the inflation rate and dedollarization. Even if they are going to sell off their huge amount of Bitcoin, the Bitcoin market will not have any new experiences that are worse than the past. It definitely will be what it used to be; the market will crash a bit, and before or after the halving, the market will still take a bull run. Perhaps this is not even a good price to sell off their Bitcoin; there is a bull market coming, which is when those whales can get more profit. By the way, I was reading a new article where they said the Federal government sold about 8,000 bitcoins (I can't remember correctly). just my opinion.

Well, till now, not a whale had sell his BTC (AFAIK). Or maybe one or two might but in my version, institure are interested in buying more and more BTC, big whales like MicroStrategy had already filled there bags or maybe they are just empty now. That's why we are not seeing another buying from them. But crypto is not lossing its era nor BTC. It's just small correction that BTC is currently making.

In my Point, next week we might see another boom. Maybe BTC break $34k or $35k resistances. But these are just my assumption based on my instincts about Market. I know market doesn't predicted by instincts but trust me. i have superpowers. 

Owners are if moving towards fiat, then how they are doing it? By selling their BTC which means there is another party too exist which is buying BTC. So, try to remain positive. But, in the short time-span maybe after this slight pump of around $35k or $40k we might see BTC coming back to $29k or maybe lower. But chances for that is highly lower. So, we should be optimistic.

This is not the first time we will be having such experience from a long time active wallet coming back to use by their users, most of this dormant wallet are the ones belonging to the whales who have bought enough, hodl over a long time and are ready to sell at their convenience.


I don't expect seing bitcoin transaction from a decentralized personal wallet moved to a centralized exchange, why should they act that way? the AML will definitely look after them for more investigation except they are sending little by little to centralized exchanges for exchange to fiat.


Don't get captivated by this or distracted by whales, this isn't the first time inactive wallet comes back to life, whales are not the users alone, the network comprises of both the short time holders, crayfish holders, dolphins and whales bitcoin holder depending on individuals capacity to own bitcoin.


Bitcoin just like any other asset is a digital asset as well, once you invested and hodl it becomes your digital currency asset because in doing this, bitcoin is profitable when the market pumps.


No but may be applicable to other cryptocurrencies but not on bitcoin because it's decentralized.

It's not the end of the crypto era but maybe it's time to rise after being buried for years waiting for the right time to rise. And it seems they see now as the right time to get up, especially since the last highest Bitcoin price could reach $ 60k. And it's only natural that Bitcoin owners transfer their Bitcoin to exchanges because they want to withdraw their profits after holding their Bitcoins for a long time.

And I think after they've made a huge profit selling Bitcoin, they're waiting for another dip so they can buy Bitcoin again. And they also don't need to sell most of the Bitcoin because just selling a few Bitcoins can make them a millionaire. Meanwhile, they can keep most of their Bitcoins for years.

They now have to think about keeping their huge sum of money and will probably keep their money in crypto. If they send the money to a bank account, it will set off an alarm from the bank so their account will surely be checked. And the regulators will certainly also examine the account because there is a money transfer coming into the account. That's why keeping the money in separate wallets in crypto would be the solution.

Stop posting FUD or trying to believe it, there is no variable that makes whales selling abnormal, if they happen, it is either because of paying off a debt, trying to postpone payment, or liquidating positions in long term sales, all of which make some whales decide to liquidate the bitcoin they own, but such variables do not affect the price or do not move the price outside a certain price level.

That seems really far fetched assumptions about the Bitcoin. Though you have not provided any source regarding the movement of such Bitcoin assets or older wallets are getting touched. Let us assume that this is a hypothetical situation where all the whales are touching their wallets for some reason then it could be anything from getting ready for the next halving or it could be just they are getting their funds transferred securely to another wallet. It could be just refresher movement and nothing much. It doesn’t mean we have to get so much worried about it. Just keep calm and keep our Bitcoins hang tight.

It's really hard to see what the whales are doing right now. We are still in the middle of the bull run, so it doesn't make sense for them to sell?
Perhaps they are just moving it to a more secure bitcoin addresses or something and not necessarily that they are going to sell or not.
If they are selling after holding it for many years, then I would say that it is the wrong decision. I mean they have been holding it for years and then suddenly they will liquidate it? For me it's a stupid and bad moved.

this is more of a speculation category topic. but lets answer it anyway

things to keep in mind:
a. for every seller, there is a buyer. otherwise orders just sit unprocessed
b. when whales put funds into an exchange. their choice is not just fiat.
c. when social media report on whales. general exchange users can react in the opposite path to what people expect



lets explain (c)
if another whale has a futures contract where he does not want the price to go below X. when seeing a rival whale possible wanting to sell down the spot market. the futures whale may swallow up those dips to keep the price up

another scenario. general users may see the possibility of a sells dip event due to a whale and want the discount so they go on a buy surge to buy up the dip to bring the price back to norm

lets explain (b)
putting btc into an exchange is not a guarantee fiat grab same day, it may be done slowly over months. and it might even be a buy event for altcoin. thus not causing a instant sell dip in the BTC-USD market

lets explain (a)
imagine the price is $29,999
there may be lots of buyers that limit themselves to stop buying at $30,001
buy are happy to buy heaps of coins under $30k
so if there is a large sell under $30k then its a great buy day for all buyers willing to buy under $30k who will eat up all them orders

Yes, those are huge amounts, more than $100M indeed, but let's check the impact. This is the graph for ETH during the last month:



In July 17th, the very day the article is talking about, the price dropped from $1,924 to $1,884. So, was that the impact? Maybe, but it looks like just normal fluctuations to me.

Let's check it for LTC:



The "impact" was even smaller in this case.

Many reasonable questions here, and I will try my best to answer them one by one according to my beliefs and suspicions. You should have added links or images too as this seems overemphasized to me.

1. It shows ulterior motives that no one can answer except the movers of the money.
2. Never!!! Not even the old whales can end the era of cryptocurrency this time that it has been established in the mainstream of the financial market. And no, they can't be stupid enough to move to fiat permanently when the price of Bitcoin is still low. I believe they are changing their strategy towards the safety of the coin, or have a business plan that needs urgent funding.
3. Refer to the second answer, and they might have altcoins they would want to change part of their assets to. It's their money, and these altcoins could be numerous.
4. I don't believe this, if this was true, then they would have rather moved it to self-custodial wallets, not an exchange that would further expose them to regulations.
5. Perhaps, they have special deals/contracts with exchanges that are not plain to the general public.

Far from ending the Bitcoin era. We all knew it that Bitcoin is here to stay and even the old holders are having times of thinking whether to dump the Bitcoins they have that were taken on the early days. I am just thinking that each time that we're gonna be on a bull run, there will always be these people that have come to revive their wallets that has been stuck for a long time. It's like a typical guy that just want to have some pile of cash and about to withdraw from the market and who knows what they are going to do next.