Bitcoin Forum

at binance from March, 12 up to now (April, 11) someone bought bitcoin and spent 600 mln usd to keep bitcoin at price from 7,200  up to current 6,800

all people there sell bitcoin, and someone bought all this btc, total cost of purchases are about 600 mln usd 
Delta  between btc that was sold  and was bought - about 100 000 btc

any ideas - who, why?

source - data gathered from binance public API. they give info about trades, amounts.

just get this data and make simple calculations
delta = (amount of btc that was sold on exchange) -  (amount of btc that was bought on exchange)
this delta for this period = about 100 000 btc

but price at this time period was moved from 7300 down to 3900 and later up to 6800
so result price move is only about $500 per btc

so some groups of people take these btc and payed about 600 mln usd for them, and at result keep prices
I am very curious - what groups  could make this and why

Why do you think that it was "someone"? Maybe those groups of people are normal investors who aren't teamed up in any way.

There's more rich people in the world than you might think. People that can throw away a million dollars here and there to buy a nice car for a lover or an apartment in a place they visit once a year.

If 100 thousand people bought bitcoins worth 600 million dollars is this such a big deal?

You should rather focus on another question. Who supplied them with so many bitcoins? Are long term holders selling at these low prices?
Who could afford to sell this much for 6000 dollars when the price was at 10 thousand since January? Are so many investors selling at a loss?

there are charts at link:

https://ibb.co/rbdNQxH



1st chart - pricing, 1 bar - 1 hour

2nd chart:
- green - total btc that was bought from start of period of chart
- red - total btc that was sold from start of period of chart

3rd chart:
delta = total bought - total sold -  from start of period of chart

up to now amount that is sold is bigger than amount that is bought

but some groups are taking these btc and just keep price, they move price up
from March 13 and are keeping long ago, from March, 20

if they are smart rich guys - why they bought btc when price is just keeping at place from at 6600 from March, 20 for example?

they just place limit orders and take all that is sold

as i see from charts - yes, many investors are selling

but if i  am smart rich guy and want to buy btc - i can buy btc at 4000 and buy it there by small amount by limit orders without moving price up
they are placing limit orders, not market.

but they are placing limit orders to keep price, and market orders to move price up

i see picture - delta is negative, but market move up and keep price

There are several reasons that I could think of:
1. They don't want BTC to drop for whatever reason, maybe die-hard fans.
2. They want to liquidate the short on the margin market so they got profits as the majority are trying to short.
3. They don't really think about TA and stuff like that and just need to buy a lot of bitcoin.

Your who question is impossible to answer unless you ask Binance.

I don't think "someone" is buying this much of bitcoin. It is probably a group of deep-pocket investors who are overtly bullish about the bitcoin's future, are buying! However, I am still not able to find any credible source of your information. If someone had bought it, that would have become a news in crypto news websites, but apparently no one took notice! Most probably it is a group of investors who bought bitcoin but it seems like there are also sellers who sold this amount of bitcoins at the current price level. Big reason to worry?

So what's the point? He or they can buy with their big money, and you will not know who are they. If you see an order for $600 mln, that doesn't mean that order comes from one person, it might come from many traders who want to buy bitcoin at that price. I won't be shocked as I know that Binance is one of the biggest crypto markets so that the order amount will be big than the other exchange. We don't have to feel confused and guessing who they are because it is difficult to know them, and we should trade and make a profit. That is the important thing that we should do now.

Does it matter!!

Why do you want to know who did it?

It might be a group of some individual who has a lot of money in his/her or their pocket. They can do whatever they want to with their money why are so much interested in knowing about them?

Why would you like to know who bought this high amount of bitcoins. Remember the whales (Group of people who have large amount of BTC and USD), often buy or sell more than usual to keep the manipulation and move the market according to their plans. This is nothing new and you will never be able to find out those individuals or group of people.

In my opinion, this is not something extraordinary. Rich people have their own ideas about the rationality of spending, so it is possible that one or more very wealthy people bought a pack of BTCs for their needs.

as i see from actions of these buys :
- these actions take all btc that is sold
- and important - these actions are keeping price at some level

so, as i understand, they want mostly to keep price, but for this they should also get all additional  btc that is sold

what group of people is interested in this?
i roughly understand what they do, but i dont understand - who are they as group of people.


there is chart at link with sample how price is moved up after dropping down by sold volume
https://ibb.co/Kh22CY2

1 bar - 1 minute
time is - gmt + 3
to move price from 6770 to 6880 - was bought about 300 btc, that costs about $2 000 000

so some group for 30 minutes moved price up by $100 - by firing 2 mln usd for this.
Why they were fired - because when all are selling - they bought and move price up,
If they want just buy btc - they can buy btc that is sold - and dont move price up
so as i see  - main goal of them - keep price.

what group of people want to keep price and have 600 mln usd per month for this?

of course, could be more groups of people
- first group move price up when all sold
- second group bought all btc that is sold

than question - what group have so $$$  that they can move price up and fire so $$ for this?

Source of that information?
Why asking us who? You are the one who make this statement without providing us proof that its really happening. Not even pointing out where did you hear that news.


If you see daily volume increase in the exchange it doesnt mean he is single persons accumulating Bitcoin.

Its normal for trader's individual traders to buy when there's a blood on the street.


There is a fomous qoute for trader's .

and thats is the only reasons why the price increase.

Why would anyone planning to accumulate a huge amount of bitcoin send money to an exchange and then purchase the coins, not sure from where you got these information but if anyone is spending huge amounts of money to accumulate the coin they will use the over the counter services which would be much easier of any large whale rather than waiting to purchase from an exchange.

There is no reliable source quoted, if persons have been buying bitcoin, it's good for them because bitcoin is very profitable when long.