Whales moving money to exchanges | Bitcointalksearch.org

lukikato

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Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I've heard a few times people saying about whales moving their money to exchanges and that it implies that the price is about to drop as they sell.

I was wondering if there's any way of finding out when whales are moving there money onto the exchanges and can we take advantage of knowing when this is happening?

I did have one more question that was more out of curiosity, I get nervous when I'm transferring a fraction of a bitcoin across wallets, how do these whales securely transfer hundreds of millions of pounds without any danger of something going wrong? I'm sure they have some very secure checks and balances in place but I would be interested to know what they are.

you only need to see the transaction paths on the big exchanges so you can see the incoming and outgoing money.
and if you are in doubt about saving your money, you are better off using hardware such as the nano ledger and others

maydna

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Quote from: UmerIdrees on November 29, 2020, 04:14:33 AM

Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I've heard a few times people saying about whales moving their money to exchanges and that it implies that the price is about to drop as they sell.

Bitcoin price is very close to all time high. This means that soon when bitcoin will cross all time high, then each and every holder of bitcoin will be in profit including those who bought at the peak of 2017 bull market. Keeping this in view, many will like to take profit and hence the price will dump right after we cross the all time high. That's why people moving their bitcoins to exchanges to take profit.

It will hit the all-time high soon because bitcoin price today can back to $18k, and I think that price can still increase to the high price. The bitcoin price needs to grow to $700-$800 to back to the last high price, and if that can reach in this week, then the price will have more chance to break $19,500 in the next month. Who knows, at the end of this year, the price can be at $20k. If that happens, people will have a chance to recover their loss before.

It is no surprise if the whales are moving their money to the exchanges because they want to make a big profit from the crypto. Perhaps, they already did that from a long time ago before the crypto market can moves significantly from this year.

el kaka22

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Whales trying to make moves is not something bad, in fact it is good that we are getting people who can make huge moves into crypto once again. I hate it when rich people just take bitcoins and move it out of the system and wait for bitcoin to worth a lot of money, that would make whales who are already rich, even richer from our work and crypto was built literally against that.

So, if we are taking risks every day, I want these whales to take the same type of risks as well, why would they just buy and hold for years until it worths a lot of money while we are here buying and selling and making crypto something valuable with our work and also try to get it adopted by doing PR all day everyday all around the world? We should be taking advantage more than those whales.

Shasha80

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Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I've heard a few times people saying about whales moving their money to exchanges and that it implies that the price is about to drop as they sell.

Sure, mate, there will be a massive dump later when ATH bitcoin. Because all groups of people want to benefit at that point.
Not just the whales, but all the small investors though. But we should not be afraid of the falling price of bitcoin after a massive dump.
If we already make a profit, then we will buy it back when the price of bitcoin is already below. And everyone’s going to do this. Bitcoin will rise again.

UmerIdrees

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Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I've heard a few times people saying about whales moving their money to exchanges and that it implies that the price is about to drop as they sell.

Bitcoin price is very close to all time high. This means that soon when bitcoin will cross all time high, then each and every holder of bitcoin will be in profit including those who bought at the peak of 2017 bull market. Keeping this in view, many will like to take profit and hence the price will dump right after we cross the all time high. That's why people moving their bitcoins to exchanges to take profit.

Fredomago

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Quote from: CarnagexD on November 28, 2020, 04:33:07 PM

I guess the only way for us to find whales cadhing out through exchanges is by keeping close look to addresses. These whales are prone to cashing out in bite-sized chunks tp avoid their cover being blown. That being said, that's the only way for us to discover these whales. Pr subscribe to bots on telegram that gives detailed information on whales selling and how much they have sold.

Good way to see is to really check the movements of each wallets that they are using, from here you'll get a good idea what particular action this whales are doing along the way. You can use those alternatives to update yourself so you can act once you seen any particular advantage to favor you.

In anyhow, Whale are whale they are capable in manipulating the market having a closer look to their actions gives you

a small chance to ride with them, some hints that may affect your trading place as whales can give much with artificial action.

AB de Royse777

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Quote from: globalcitizen on November 28, 2020, 01:44:03 PM

As regards security of assets by the whales I would say that most of them are multimillionaires and billionaires who knows the ins and outs of cryptography either personally or by association. So that wouldn’t be an issue for them.

I would not wonder if these whales are using a group of experts to predict the market moves to have the best time to in or out. Since they have billions of dollar, they can easily employ a group of experts , can pay them regularly just to do some specific task. It's like running a company to make it more profitable.

Quote from: Twentyonepaylots on November 28, 2020, 01:45:19 PM

I'm also wondering, are they gonna tell the exchange first if they are going to move in or out? like transferring 100btc could get very nervous for someone though a millionaire, still security must be prioritize right? I can't imagine them being a silly trader who will just send 100 btc to exchanges with them knowing at first hand.

Honestly speaking I would not trust any third-party if I had to exchange an amount of 100 BTC. I would rather look for p2p service and if needed I will travel to make the deal private with having enough security with me.

Quote from: Bergkampsballs on November 28, 2020, 01:54:57 PM

Great, soooo how do I get real time access to the discoveries of these bots? Grin

Your answer:

Quote from: hulla on November 28, 2020, 07:03:35 PM

The best chance is telegram bot which will provide an instant notification and for BTC,ETH,BNB etc transaction t.me/tracktxbot.

Thanks hulla.

Quote from: Bergkampsballs on November 28, 2020, 02:01:29 PM

To be honest, I generally check the last 6 digits or so and then 6 or so digits in the middle and if it tallies up I'll go ahead and transfer. I appreciate that this is not the most sensible solution but if I'm using the same address over and over again and copying the information from a secure location, this should be pretty safe, right?

Everyone has their own way to perform a check. I usually check a few characters from the beginning and the end. It's recommended to use a different address for each transaction however using the same address again and again is not wrong too. Using different address just semi ensures that it will be hard to trackback your coins.

hatshepsut93

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Quote from: figmentofmyass on November 28, 2020, 05:40:35 PM

i follow a couple twitter bots that notify me of large movements, but i don't buy/sell based off them. sometimes the market moves afterwards, sometimes it doesn't. sometimes the blockchain analytics are straight up wrong and coins aren't really moving to an exchange at all.

margin trading also complicates things. whales don't just send coins to exchanges to sell them. they also use coins to back margin positions. so you might think they're about to sell thousands of coins when in fact the exact opposite is about to happen. Wink

It would be pretty dumb to sell just because the whales moved their coins to exchanges, because these whales could just shake the market a bit and buy cheap coins and resell them once the market bounces back for easy and reliable profit.

It's also likely that whales don't send coins to exchanges to dump them immediately, but they want to be prepared to dump if the price keeps dropping, and they would also likely rebuy some coins, as it's not likely that many whales actually plan to leave Bitcoin for good.

adaseb

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There is another thread in the "speculation" section talking about this exact same thing. Basically there is a graph posted on the Coindesk website and it shows the peaks whenever there was large whale deposits into exchanges, and the conclusion is that its not that reliable.

It was reliable when BTC crashed during March 2020 due to Covid19 stock market crash and since then it only provided very small dips and sometimes price traded sideways after a large whale deposit. Not a really reliable indicator. Also by sending BTC to exchanges it doesn't mean they will be sold. They can be used to buy alts, provide margin to long BTC or to settle a margin short position. None of those are necessarily bearish on overall price.

hulla

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Quote from: AB de Royse777 on November 28, 2020, 01:41:11 PM

Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I was wondering if there's any way of finding out when whales are moving there money onto the exchanges and can we take advantage of knowing when this is happening?

There are bots, scripts to track blockchain transactions. It's not much hard these days if you have telegram and twitter.

The best chance is telegram bot which will provide an instant notification and for BTC,ETH,BNB etc transaction t.me/tracktxbot.

Quote from: Bergkampsballs on November 28, 2020, 02:01:29 PM

Quote from: AB de Royse777 on November 28, 2020, 01:41:11 PM

It's pretty easy.
Keep your wallet offline or use a hardware wallet.
When broadcast a transaction make sure that you have the desired output address. Be 100% sure that your output address is correct.

To be honest, I generally check the last 6 digits or so and then 6 or so digits in the middle and if it tallies up I'll go ahead and transfer. I appreciate that this is not the most sensible solution but if I'm using the same address over and over again and copying the information from a secure location, this should be pretty safe, right?

Generally check some digits of the output wallet address is good but the use of same wallet address over and over again is not advisable even if the transaction are send through secure location.

Quote from: Bergkampsballs on November 28, 2020, 01:52:38 PM

Quote from: Kupid002 on November 28, 2020, 01:25:49 PM

Are you looking for something like this ?
https://mobile.twitter.com/whale_alert?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor .

No idea how credible they are but they are monitoring high transaction transfer even in USDT or other popular crypto Currency.

If I remember it correctly there is also telegram bor with alerts.

You can also see if where exchange they transfer the wallet balance and tx I'd.

Something like that but I was hoping for more of an overview or ideally something like a chart that updates to show how much money has been transferred into or out of the big exchanges so that you could easily use that information to help determine the chances of the price going up or down in advance.

The best option is to use the telegram version of the whales alert (t.mewhale_alert_io). I also once heard that Binance also offer option but unable to confirm if it was indeed truth.

Bergkampsballs

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Quote from: figmentofmyass on November 28, 2020, 05:40:35 PM

i follow a couple twitter bots that notify me of large movements, but i don't buy/sell based off them. sometimes the market moves afterwards, sometimes it doesn't. sometimes the blockchain analytics are straight up wrong and coins aren't really moving to an exchange at all.

margin trading also complicates things. whales don't just send coins to exchanges to sell them. they also use coins to back margin positions. so you might think they're about to sell thousands of coins when in fact the exact opposite is about to happen. Wink

Thanks for the advice. I guess that's my idea of a shortcut to huge gains blown out of the water then, guess I'll just have to legit learn to trade in that case.

Bergkampsballs

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Quote from: HabBear on November 28, 2020, 05:30:12 PM

Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I was wondering if there's any way of finding out when whales are moving there money onto the exchanges and can we take advantage of knowing when this is happening?

Who are you, the Government? Why do you need to know where Bitcoin is moving? Why are you snooping around in all our business?

Ok, jokes aside...you sound like the feds. The point of bitcoin was to anonymize and decentralize the control of money. If exchanges divulged their asset flows or if that kind of transparency existed it would defeat the purpose of one of the most fundamental purposes of bitcoin.

If you're concerned about price moves stop worrying about other people's decision-making and instead create some logical structure to make your own buying decisions.

Is the price feeling a bit too high for you? If so, you should probably sell off some of your holdings. If you think the run could go further, leave things as they are or buy into what you believe to be an undervalued price.

No one can make these decisions for you and if you try to chase what you think the whales are doing you'll end up holding their bag as they make a run for the exits.

Haha, I'll have to create a new account and be more discreet next time. (Just kidding, obviously. Definitely just kidding)

OK, point taken. Maybe it's something that we shouldn't be overly concerned about but I see headlines like this implying that people can use the info to predict the direction of the price and I got all FOMO about it.

https://www.coindesk.com/quick-bitcoin-price-recovery-looks-in-doubt-as-whales-move-coins-onto-exchanges

figmentofmyass

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Quote from: Bergkampsballs on November 28, 2020, 04:54:35 PM

Do people here make use of these notifications or other similar ones ones to help them determine when to sell? Is it practical to use it as part of a trading strategy?

i follow a couple twitter bots that notify me of large movements, but i don't buy/sell based off them. sometimes the market moves afterwards, sometimes it doesn't. sometimes the blockchain analytics are straight up wrong and coins aren't really moving to an exchange at all.

margin trading also complicates things. whales don't just send coins to exchanges to sell them. they also use coins to back margin positions. so you might think they're about to sell thousands of coins when in fact the exact opposite is about to happen. Wink

HabBear

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Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I was wondering if there's any way of finding out when whales are moving there money onto the exchanges and can we take advantage of knowing when this is happening?

Who are you, the Government? Why do you need to know where Bitcoin is moving? Why are you snooping around in all our business?

Ok, jokes aside...you sound like the feds. The point of bitcoin was to anonymize and decentralize the control of money. If exchanges divulged their asset flows or if that kind of transparency existed it would defeat the purpose of one of the most fundamental purposes of bitcoin.

If you're concerned about price moves stop worrying about other people's decision-making and instead create some logical structure to make your own buying decisions.

Is the price feeling a bit too high for you? If so, you should probably sell off some of your holdings. If you think the run could go further, leave things as they are or buy into what you believe to be an undervalued price.

No one can make these decisions for you and if you try to chase what you think the whales are doing you'll end up holding their bag as they make a run for the exits.

Bergkampsballs

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Quote from: serjent05 on November 28, 2020, 02:23:31 PM

Quote from: Kupid002 on November 28, 2020, 01:25:49 PM

Are you looking for something like this ?
https://mobile.twitter.com/whale_alert?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor .

No idea how credible they are but they are monitoring high transaction transfer even in USDT or other popular crypto Currency.

If I remember it correctly there is also telegram bor with alerts.

You can also see if where exchange they transfer the wallet balance and tx I'd.

If he has his telegram open, he can be notified by whale alert. This channel pings whenever there is a large amount of BTC or altcoin movement, so this is not only limited to Bitcoin transaction/movement. The channel also tells the origin and destination of the transaction.

Thanks. I've set up a Telegram account and subscribed. It would be nice to be able to only get notifications about Bitcoin transfers as well though to cancel out some of the noise. I don't suppose this is possible?

Do people here make use of these notifications or other similar ones ones to help them determine when to sell? Is it practical to use it as part of a trading strategy?

CarnagexD

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I guess the only way for us to find whales cadhing out through exchanges is by keeping close look to addresses. These whales are prone to cashing out in bite-sized chunks tp avoid their cover being blown. That being said, that's the only way for us to discover these whales. Pr subscribe to bots on telegram that gives detailed information on whales selling and how much they have sold.

serjent05

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Quote from: Kupid002 on November 28, 2020, 01:25:49 PM

Are you looking for something like this ?
https://mobile.twitter.com/whale_alert?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor .

No idea how credible they are but they are monitoring high transaction transfer even in USDT or other popular crypto Currency.

If I remember it correctly there is also telegram bor with alerts.

You can also see if where exchange they transfer the wallet balance and tx I'd.

If he has his telegram open, he can be notified by whale alert. This channel pings whenever there is a large amount of BTC or altcoin movement, so this is not only limited to Bitcoin transaction/movement. The channel also tells the origin and destination of the transaction.

ChrisPop

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Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I've heard a few times people saying about whales moving their money to exchanges and that it implies that the price is about to drop as they sell.

I was wondering if there's any way of finding out when whales are moving there money onto the exchanges and can we take advantage of knowing when this is happening?

I did have one more question that was more out of curiosity, I get nervous when I'm transferring a fraction of a bitcoin across wallets, how do these whales securely transfer hundreds of millions of pounds without any danger of something going wrong? I'm sure they have some very secure checks and balances in place but I would be interested to know what they are.

There are bots and scripts that follow the inputs and outputs of the biggest exchange addresses. I know there are a couple of bots on Twitter and Telegram that give regular updates about big transactions - afaik almost in real time.

Manually checking the address a few times should be enough. If you don't trust your senses or need a computer check you can use an excel or word function. For example the 'find and replace' function or conditional formatting. Wink

Bergkampsballs

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Quote from: AB de Royse777 on November 28, 2020, 01:41:11 PM

It's pretty easy.
Keep your wallet offline or use a hardware wallet.
When broadcast a transaction make sure that you have the desired output address. Be 100% sure that your output address is correct.

To be honest, I generally check the last 6 digits or so and then 6 or so digits in the middle and if it tallies up I'll go ahead and transfer. I appreciate that this is not the most sensible solution but if I'm using the same address over and over again and copying the information from a secure location, this should be pretty safe, right?

BIN-BIN

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There have been news of whale moving bitcoin in large quantity to exchange and that could result into drop in price but that has not been the case in previous movement of large bitcoin by people who are claimed to be whales but with this recent recovery in the price of bitcoin it is certain there will not be any major drop in bitcoin price this time.

Bergkampsballs

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Quote from: AB de Royse777 on November 28, 2020, 01:41:11 PM

There are bots, scripts to track blockchain transactions. It's not much hard these days if you have telegram and twitter.

Great, soooo how do I get real time access to the discoveries of these bots? Grin

Bergkampsballs

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Quote from: Kupid002 on November 28, 2020, 01:25:49 PM

Are you looking for something like this ?
https://mobile.twitter.com/whale_alert?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor .

No idea how credible they are but they are monitoring high transaction transfer even in USDT or other popular crypto Currency.

If I remember it correctly there is also telegram bor with alerts.

You can also see if where exchange they transfer the wallet balance and tx I'd.

Something like that but I was hoping for more of an overview or ideally something like a chart that updates to show how much money has been transferred into or out of the big exchanges so that you could easily use that information to help determine the chances of the price going up or down in advance.

Twentyonepaylots

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Quote from: AB de Royse777 on November 28, 2020, 01:41:11 PM

Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I did have one more question that was more out of curiosity, I get nervous when I'm transferring a fraction of a bitcoin across wallets, how do these whales securely transfer hundreds of millions of pounds without any danger of something going wrong? I'm sure they have some very secure checks and balances in place but I would be interested to know what they are.

It's pretty easy.
Keep your wallet offline or use a hardware wallet.
When broadcast a transaction make sure that you have the desired output address. Be 100% sure that your output address is correct.

Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I was wondering if there's any way of finding out when whales are moving there money onto the exchanges and can we take advantage of knowing when this is happening?

There are bots, scripts to track blockchain transactions. It's not much hard these days if you have telegram and twitter.

I'm also wondering, are they gonna tell the exchange first if they are going to move in or out? like transferring 100btc could get very nervous for someone though a millionaire, still security must be prioritize right? I can't imagine them being a silly trader who will just send 100 btc to exchanges with them knowing at first hand.

globalcitizen

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It happens most of the times. The whales are the ones who dictate the volatility of the crypto market. Because the industry is still small in market capitalization with just above $500B. Anytime there’s high transactions in millions and sometimes billions of dollars by whales it does affect the value of the market.

As regards security of assets by the whales I would say that most of them are multimillionaires and billionaires who knows the ins and outs of cryptography either personally or by association. So that wouldn’t be an issue for them. Most of them use hardware or cold storage distributed in different locations across the globe to secure their wealth. Also they work closely with the various top crypto exchanges while carrying out big transactions.

AB de Royse777

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Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I did have one more question that was more out of curiosity, I get nervous when I'm transferring a fraction of a bitcoin across wallets, how do these whales securely transfer hundreds of millions of pounds without any danger of something going wrong? I'm sure they have some very secure checks and balances in place but I would be interested to know what they are.

It's pretty easy.
Keep your wallet offline or use a hardware wallet.
When broadcast a transaction make sure that you have the desired output address. Be 100% sure that your output address is correct.

Quote from: Bergkampsballs on November 28, 2020, 01:12:48 PM

I was wondering if there's any way of finding out when whales are moving there money onto the exchanges and can we take advantage of knowing when this is happening?

There are bots, scripts to track blockchain transactions. It's not much hard these days if you have telegram and twitter.

Kupid002

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Are you looking for something like this ?
https://mobile.twitter.com/whale_alert?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor .

No idea how credible they are but they are monitoring high transaction transfer even in USDT or other popular crypto Currency.

If I remember it correctly there is also telegram bor with alerts.

You can also see if where exchange they transfer the wallet balance and tx I'd.

Bergkampsballs

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I've heard a few times people saying about whales moving their money to exchanges and that it implies that the price is about to drop as they sell.

I was wondering if there's any way of finding out when whales are moving there money onto the exchanges and can we take advantage of knowing when this is happening?

I did have one more question that was more out of curiosity, I get nervous when I'm transferring a fraction of a bitcoin across wallets, how do these whales securely transfer hundreds of millions of pounds without any danger of something going wrong? I'm sure they have some very secure checks and balances in place but I would be interested to know what they are.

Topic: Whales moving money to exchanges (Read 291 times)