Bitcoin Forum

After carefully studying the market conditions this morning I finally discovered there is a very small amount of money in circulation. The market lost approximately $18 billion in capitalization in the last 48 hours. There is no strong momentum in the market today, it seems all the whales took off for this special holiday season. What should we do now? Stay on the market and keep monitoring the market behaviors or take off too?

https://i.imgur.com/BQ2Sdym.png

Bulls should be taking this news as positive. 18% losses, selloffs but at such fragile volumes should mean that any resistance now at 4k shouldn't be too difficult to overcome, should the whales decide this is again a good entry price for the new year.

I don't think this should change any medium-term plans for the rest of us. Speaking for myself, business as usual. No clear hopes for any movement of significance before February when all those reg moves kick in.

Bitcoin losing dominance is my concern.
it is not supposed to be losing dominance when the market bearish.
when last did you saw bitcoin losing -3.20% market dominance in a bearish market?

Let them spend their profits.
Soon they will be back for more but I dont think it will be that much profit by now.

Investors are becoming wise and soon they will be like this whales who will take the front lines into manipulating the price.
Other markets are down and institutional investors might fall in crypto currencies instead of other commodities like gold.
Whales will be left with nothing if that happens. They will see a sudden bump in price that will make them doubt to buy or not. Then they will all be gone.

1. Should it be surprising that trading is lower on a holiday?

2. The volume is not that low, in fact it's higher than before.

3. Why are you assuming that the whales are making up the majority of the market? It's much more likely that a lot of professional/amateur traders took a day off to celebrate Christmas with their families.

4. We should really stop using whales as some universal explanation to every single price movement without any evidence.

Whales are just waiting for the new year night. I hope there would be an upward movement on 30 and 31 of December. You are right whole world is on vocations now a days. At the end they would have a plan to invest some money. 30 to 35 billion dollars would be enough to change the red trend of the market. It is around 120 billion dollar, it has to cross 150 billion dollar on New year eve.

Whenever the price falls we blame the whales, but we never present evidence that the fault is of the whales, I think we need to be realistic and we understand that this is a market, if there are many buyers the price will increase and if do not have buyers the price It will fall, simple as that. I imagine that the time of parties people prefer to spend parties and move away from the trade, so it is possible that due to the Christmas period and the new year the price falls, but of course this is a theory that I have no proof

It shouldn't. It's pretty obvious that traders, whales, etc, are taking some time off from the market during the holidays, they probably left some bots to excute their trades while they spend some quality time away from the crypto space.

There's nothing major going right now, just some usual fluctuation, imo things will keep going sideways even after the end of the year so I wouldn't change my plans for the short-term if I were you. However, I do recommend taking some time off and stop looking at the charts so often, we're in the holidays season, enjoy yourself and stop worrying about the market movements (:

This holiday season is not as wild as the one we had from last year so definitely we can relate it to the market being bearish right now that is why we aren't seeing any big trading volume as of lately. I mean last year we have seen the best jump for BTC's price but this year we have seen the complete opposite of it so obviously the whales won't be doing any big moves this December as what the volume suggest. One probability though is they might have finished stacking up their position during the drop around 3,000$-3,300$ that is why we have seen a lot of inactivity in the market as they are sitting it out.

Maybe a lot of them are institutions that have closed or people that were just forced to take at least one day off by their loved ones. While the crypto market never sleeps, the people within it do need to at some point.

all markets (including stocks and forex) are usually pretty dead during the holidays. it's not just the crypto markets. everyone is on vacation or visiting with family, and traders are also positioning themselves for taxes at year-end. this means less volume and less traders looking to enter new short term positions. everyone is waiting until after the new year.

Yes, the others users have right when they say that institutions was closed during Christmas and if bank was closed maybe they not have option to transfer money or they just take a break, and possible they withdraw money before Christmas.

We better keep quiet and keep an eye on market conditions, now we can only hope that the market conditions can recover faster. in the pump yesterday the price of bitcoin failed to break $ 5k, and that disappointed me.

This is what I've noticed too and yes mostly during holidays people/whales tend to withdraw some of their funds. It is either they were going for a holiday break or for vacation during holidays. Anyway, it is not that bad to have a break just to refresh your mind and relieve all the stress from this bearish market.

Failed to break $5000? Lol? The price wasn't even close to that level. It couldn't maintain it's position with the $4000-$4200 levels, which is a clear indication that we should remain conservative and not rehash idiotic TA youtubers and their predictions that we'll likely go up to $5000 or $6000 and from there straight back to $3000. ::)

I thought I have seen the worst during the bull run in terms of youtubers pretending to be a pro trader, but currently it's at another level. It surprises me that some of them still have pretty decent view rates per video after all their failed predictions. It could very well be that we're dealing with fools thinking that the next time will result in a different outcome, well, it could, the same applies to gambling.

4200 was a big area, it was a big area to look at in the summer for possible support in a big push.    Its big support and now its a big speedbump to any momentum upwards, its enough that short term borrowed money takes itself off the table with their profits and sees what happens next.    Natural profit taking on a move isnt by itself bearish, theres obviously speculators in the price pretty much always.

The smart people can judge what is a healthy pullback, but that isnt as simple as just calling 4200 and cashing out then which helps make it part of an obvious area

Its holiday in most part of the world so everyone will be thinking about being happy with their family since they are earning all these money throughout this year to spend on the special occasions like these,so its ibvious that the market slept quiet at these two days.

the activity of whales in this market consists of placing walls to control the price and keep it inside this current channel and then buying bitcoin with their fiat elsewhere like away from exchanges and over the counter so that their big purchases doesn't affect the market itself and doesn't disturb the balance that they have created.
so you can not say they are "inactive" specially when there is a huge volume going in bitcoin.

slow and steady wins the race. if the bounce happened any quicker i'd be confident it was just a quick short squeeze. a healthy intra-week pullback is great for recharging momentum for a larger leg up.

i think we're headed to the $5000s myself. failed monthly support and the 200 DMA are like magnets. plus, bitcoin is the king of volatility. once it chooses a direction, it moves hard.

Not only whales are off for a while during this holiday, but other entities that make up the cryptospace may decided to take few moments off just to enjoy life outside crypto. Project Admins, projects team, group moderators and customer services may also respond slowly or not at all to issues during this holiday. Just to say they are taking a break as well. However, the crypto market is on 24/7, and when it seems there is little going on now, one should be watchful as major movement can spring up anytime.

There is a lot of complications in the market, BTC should reach atleast till 6k in upcoming year to see a reasonable recovery. Yes a lot of them are in vacations and once they come back they might plan to buy coins. Let's wait and see how it goes ahead.

On contrary to the popular belief, whales are human too. They do have Christmas parties and they do have vacations and breaks from the finance world as well. I know you think of wall street guys as the 7/24 ruthless money makers but they do go back home every single night, they have regular problems like we have as well, their wives or husbands tell them they don't interact enough too, they too forget to pay the electricity bill or pick up the laundry on the way back home.

You can't just assume they are some sort of money making machines like automated trading bots we have here. Its Christmas time and they are just sitting at home drinking some eggnog or something and relaxing not caring about bitcoin price at all. We are the weird ones who keep talking about crypto even on Christmas breaks.

I think most larger accounts these days are using trading algorithms (bots) to enter and exit positions. They use algos like time-weighted average price or automated iceberg orders to accumulate or distribute positions over time. That doesn't require anyone to sit in front of a computer (assuming a given algo is written well with fail-safes in place).

Holidays are prone to whipsaws and slippage because of lower liquidity. That's a good enough reason to turn bots off.

We do not really know what it is happening but if the whales really took some time off then it is completely understandable, even if they are very powerful they are like every other person, they need some time to relax and to do something else instead of concentrating in the market and what it is doing every single day, so it could be a good thing if we could do the same.

it has nothing to do with whales but with the whole market. there is less activity in the market so the whales can not earn as much profit as they wish to so they aren't active as much as they should be but they ARE still active and are accumulating which is clearly visible in the market from the volume and the actions that you can see are being taken there.
the accumulation of bitcoin at the bottom is not something you stop  just because it is holiday season!

You are right but the holiday season has an impact also on the market making buying and selling less trending. We will see how things will go next week  ;)

This has been a real confusion for everyone in this forum, if Christmas arrives big whales plan to invest in cryptocurrency but this year the market looks dry BTC should reach atleast 5k till the end of this year.

But its not going to happen since there is only two days for new year,nothing is permanent everything will be changing from time to time that is why whales are changing their tactics to confuse the investor to bag profits just be ready for everything guys,

The recent market is totally undervalued so no one is expected this much result in crypto market. So most of the whales are stay away in christmas holidays, But most of the time market is little green again it will move to red tag so 5k is impossible in next days.  I think next year also same value is possible because again Chinese new year will come in first quarter so market is simultaneously fluctuating.

Indeed, the bear market and powerful financial institutions will restart. but based on other objective factors. for example, taxing the transfer of money from banks from one country to another as Trump did with Mexico. That is an objective reason and there are many other factors that push the whale's entry, not only Xmas.

Everyone likes to take breaks from time to time and believe it or not, even rich whales have family to visit during xmas holidays, so they aren't going to be fucking around in exchanges placing fake walls to manipulate the price down and keep accumulating cheap coins.

Whale or not, everyone should take a vacation these days, in fact I shouldn't have been posting here or looking at a computer screen at all but I still did.

not all cultures/countries celebrate Christmas though. and not all whales are from those countries that do. but since many of them are and the markets are generally less active during this holiday season things grow duller around this time.

my holiday comes in spring with the new year being in spring but even i took some time off :D

in anyways happy new year everyone. hope you all enjoy your vacations and come back to a bitcoin rally.

The 'whales' are also considering the impact of Xmas holidays to the price of bitcoin, they might have known that there will be a lot of exchanging to fiat by many hodlers during the Yuletides periods thus playing around or manipulation of the price could also have a great impact on their own side thus have to retract their actions.

perhaps the market is dominated now by small fishes who have gathered to push a bull.  it cannot totally depend on the whales.

The strong market movement was not always the whale's fault there are other stuff that is making the market so volatile and the indicator if the market of cryptocurrency is at a pump doesn't necessarily the only thing that whales does, if the market is at the downfall we can still consider that the whales are behind it too, And you are right that the demand of many people can have a certain thing with the volatility of a cryptocurrency.

whales can make a significant increase in a short time, but the price increase does not last long and the price will soon fall back. small fish that gather can create a more stable price increase.

Whales are very clever they know what to do when, yes they have the capability of Increase the value of BTC by Investing loads of money also they know how to manipulate when time occurs, When it comes to Crypto trading we need to be very careful while Investing and selling.

The holiday is over and people have resume trading.  As we lose that $18billion you should also note that since two days now some values has been add also.  Trading is good when the holidays are over.  There is no more distractions now and we are hoping that another bullish trend will commence very soon.
The whales are always the driving force behind any serious assets movements and we can only know when there are investing by following the volume that is indicating in the market.  Remember that the whales also do manipulating the market and knowing they mind is far important to you as a trader.