Bitcoin Forum

Currently bitcoin volatility is still very high with price movements up and down in the $20k-22k price area.
In this high-voltage condition, the reactions of the respective market participants towards the purchase of bitcoins, especially the Whales and some large investors, can be seen.
A number of different holdings seem to have reacted differently in this condition of vitality. Not only whales, Bitcoin investors under 1BTC also make purchases regularly.

https://i.postimg.cc/yx1dC9Nr/Screenshot-16.jpg

From a data report made by Glassnode, which is one of the world's leading Crypto Analysis companies, small and small investors have recorded significant Bitcoin purchases in June 2022 and even the most aggressive purchases since March 2020.

It was noted that small investors on average made purchases of 36,750 BTC per month until June 2022 with a total ownership of 1.12 million BTC in small investors or about 5.33% of the total Bitcoin supply.

This indicates that retail investors who are generally considered small investors still seem to believe in the future of bitcoin.

While Whales according to Glassnode data make purchases of 140,000 BTC per month until June 2022, there is an estimate from On Chain data that whales currently own about 45.6% of the entire Bitcoin supply.

https://i.postimg.cc/PJSqXxpf/Screenshot-15.jpg

Also looking at IntoTheBlock Data, by looking at even bigger Wahles with 100,000 BTC holdings also made significant purchases.

It can be seen that whales who have Bitcoin above 100,000 Bitcoin experienced an increase in purchases of 17.16%.
And from the data it can be seen that the big wahles currently control around 779.550 BTC or about 4.08% of the total bitcoin in existence.

This proves that from small investors to big investors still believe in the future of bitcoin

source: https://app.intotheblock.com
           https://insights.glassnode.com/the-week-onchain-week-27-2022/
           https://twitter.com/glassnode/status/1544352880123170817

The convalescence of bitcoin over a decade has made its way, somehow into the minds of investors and the inquisitive public and has enormously corrected thier unconventional perception; to a point that dips rather makes them rush into acquiring btc in large quantities rather than crying ignorantly over thier somewhat losses, for they're not loosing, bitcoin falls and rise.
 But don't you think the volatility is made to operate on its amelioration only when the quantity reduces, quickens it's pace on the contrary? The whole world is yet to utilize this financial liberation but how?how bout its priotized limitations?
N/B objections from anyone is welcome but not without certainty; alot of ignorant minds are reading this.
voice of the people
Sandra :-*

Glassnode and other on-chain analysts have been pointing to this metric for many months, claiming it shows "bullish accumulation", yet the price continued dropping. This metric, as some Twitter commentators already pointed out, probably reflects a lack of trust in the exchange's solvency, rather than an actual demand for coins. The existence of whales, a difficult-to-measure group of buyers, certainly raises the price, but their weighting isn't made public.

If small investors still believe in Bitcoin, it sheds a signal that we don't get a bottom range yet. The psychological cycle of market is repeated and bear market only comesto the end if small investors give up and feel very anger.

I think Bitcoin is in accumulation, not side way for a good bounce in a few months. After that, we will see another dump to wash out most of small investors. After a wash out, the market will have a long side-way to wash out rest of small investors. It will be very long waiting time to see ending of this bear market.

To be more accurate, they believe they will still make money off of bitcoin. It's quite odd to say retail investors still believe in bitcoin's future. 'Belief' is usually associated with long term investors/holder and not these traders. They probably sold last year or when it was still at $40K to $60K range and decided to buy again at 20's or lower. It is just in their nature.

Or they're thinking it's an indication that BTC already reach the bottom or near it.

How does that lead to bitcoin purchases from exchanges? If I don't trust them, I would just remove my money there and not purchase anything.

I became less confident in Glassnode's data, for several months and their data continues to show that we are in a good position and more cash flow is coming, but the negative data is much more than the positive they are trying to distribute.
I am not saying that their data is wrong, but it is wrong to rely on them in taking investment steps.

"Still believe in bitcoin". Of course, they and all of us here should, if big companies and a country have the courage to invest bitcoin why not for smaller one if the whole point of investing is to get profit even in this current times Smaller ones just needs to learn that no need to hurry and avoid panicking when a sudden dump happens its part of the risk if so better to go traditional investments instead.

Trust is indeed associated with investors or long-term holders, and they are starting to hold bitcoins again today. On previous ATH as you said maybe they have sold it and bought again in the current price range. Those small investors believe to make more profit if buying in the current position. But it's different from Whales who have more Bitcoin up to more than 100,000 BTC.

Do not rely on any data, you only need to rely on your own mind to choose and sort out which information or data is really appropriate. More negative data will not be good, but more positive data will make bitcoin better.
The data presented is presented as is and there are many other crypto data analysis companies that you can compare. We have to be smarter and don't just rely on one data.

There is no question that investors continue to believe in Bitcoin as we know that things happening right now are just a repeat of what happened in the past...but I don't that confidence and excitement have already returned at a level where we can see a big rise of the coin's price movement. We already know that many developments affecting the economy especially in the USA are putting down possible price breakthroughs...in fact it is a big question why the real world inflation actually produced negatives on Bitcoin...which many expect should be the way around.

The war and consequent crisis are things Glassnode can not know. And on chain data shows a truth about what is happening on chain. It does not immediately lead to real big movement on market. Most of time, it will be delayed like fhe end of last bear market.

The pandemic occurs suddenly and a crash in March 2020 is insane. It blows minds of every model builders but after that event, Bitcoin moves back on track and a bull run begins.

On chain data in this crisis time must be used to combine with social, geopolitcial, army problems to make a guess on how Bitcoin will move in future of this bear market.

What makes me happiest is that Bitcoin is being taken off Exchanges.  I am so glad this is happening at All Time High rates.

Is it safe to say that many of us have learned our lesson and started to see how much we have lost in time by NOT investing in Bitcoin whenever we had the chance to.  All these 'Bitcoin is dying' articles have scared off enough people every time Bitcoin has dipped but anyone who thought Bitcoin was dying at $200 is now crying out loud after Bitcoin has died so hard it skyrocketed by over 30,000% ever since.  So it now looks like the 'Dollar Cost Average' strategy is doing wonders and those who know how Bitcoin's cycles work are now throwing money at it like Escobar was throwing at his furnace.

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Regards,
PrivacyG

I wish that's not true but sadly the fact is that the whales make the most of their money by manipulating the small investors.
I strongly feel that the current increase in price of bitcoin might also be a manipulation by the whales to trap the small investors and suck their money.
It would take a long time before see BTC going bullish this time.

Do people realize that such a way of storage is highly risky, or were they just scared of what happened to various companies that began to sink after more than obviously bad business practices fell on their heads? There's that old saying "every evil for a good", so if some have finally realized that the only right thing to do is to be their own bank, I wish them success in that.



If that were the case, the price would be a little different than today (in a positive sense), so I wouldn't really say that money is flowing into Bitcoin in such a volume. Maybe it just seems that way to me, but the increase in the cost of living has forced many to change their strategies when it comes to finances - in other words, inflation has taken away from many the part of the money they used for investments.

Base on my understanding about the volatility in bitcoin and its corresponding price prediction, it is believed that whenever there's a consistent drop in bitcoin price over a long period, its then a signal that bitcoin is about to pick up back on bullish move, the precise time amd duration of time this may take to occur is what we cannot be accurate of, bit all indications are giving a positive sign for a bull run sooner or later, while now is a preparatory time to gather momentum for the rise.

Isn't it the most sensible thing to do when bitcoin is available at a discounted price which we may never see again? I believe buying and accumulating is the most sensible thing anyone can do right now! There is an opportunity window ongoing. Either you take it and the opportunity window will be closed.


That's another great indicator. Because bitcoins are kept in the exchange to make it easier for people to sell. But when it is moving out, it usually means, it is going towards a long term storage somewhere safer than exchanges. The indicators are bullish so is the price!

Imagine you're a billionaire, you've got so much money that you invest a whole swath of it in company shares. Those company shares pay out a dividend of profit sometimes every three months, those dividends buy more shares so in 3 months time your dividend payout increases. So you have money making more and more money, what does it matter to you if you drop a few million into a risky asset class? No big deal if it goes to zero with all your other investments going strong. That's why the average user should not put too much faith in what the whales happen to be able to afford.

This has been a basic principle of investing, which is to take advantage of bad conditions that lead to low prices for reliable products.
Bitcoin seems to be going through its worst times, but it is really a golden opportunity because the price will not go down to these levels again. The most obvious example is El Salvador, which is still aspiring to buy more, despite losing more than twenty million dollars now compared to the price at which it bought its savings for the first time.

Cryptocurrencies were created with the intention of sharing wealth in the digital world for all participants without greed or exclusiveness, we are currently witnessing greed and exclusivity throughout the entire crypto space, and without a comprehensive yet affordable solution to the enormous wealth gaps that exist globally, the wealthy will acquire more wealth in a few hands which will eventually create absolute hatred of both governments and the wealthy.

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We don't need actually a deep research, Bitcoin is still cheap. This accumulating zone for everyone. Whales and institutional investors still Accumulating more Bitcoin to reduce their average purchase price. You don't have to think far, just imagine what was the ATH and what is the current price. History will repeat anytime.

Don't trust anyone, believe only in your own research and existing data, Purchase whales only as an alarm that bitcoin is currently having a significant increase.

Research is too deep with too many calculations will also burden the mind and psychology, This is still a long way for bitcoin, Buyers continue to collect Bitcoins to sell at new ATH. We just need to buy it.

Very simple thinking, without the need to care about anyone, buy and sell on ATH. Even if targeting new ATH as a selling price is fine, it's a decision on its own to hold bitcoin for the long term. So, enjoy what you decide for yourself.

It indicates that small investors believe it is the time to buy Bitcoin at the cheap price. They may think Q2 of this year is probably the lowest price of Bitcoin during this year. It makes sense since Bitcoin price already dropped significantly from $68k to below $20k. This shows us that small investors have a good confident about Bitcoin future and they don't doubt about the huge drop on Bitcoin price during the besris season. It is surely a positive sign for Bitcoin future.

Rather than small investors it is the institutional investors and the corporate networks buying more. Small investors always have an additional fear than the other form of investors. Because, they'll try to manipulate the market. This could shatter the investment causing panic. Sometimes this even cause people to sell at the bottom price. So, I find institutions are much into buying at the ongoing market situation.

Thanks for the information from the Glassnode but it's not the only source point to this I saw many others are saying people with huge investments are currently buying bitcoins and that's because of the bitcoin price situation they usually buy the bitcoin when there is blood in the market and everyone is worry about the price so they can buy bitcoins with some discount they can get from the market due to this situation, and that's nothing new about the bitcoin whales on the market to buy bitcoin when the price is bearish.

I view it differently, Since only small retail traders is only buying and some whales that trying to purchase more without any effect in the market, I think the current price sentiment is telling us what’s the real answer which is only small players only trust buying Bitcoin right now while a lot of institutional investors already have a big bag of Bitcoin in there position and many defi company is in the brink of bankruptcy that threatening to sell there crypto assets to liquidate funds.

I dunno exactly what will be the future sentiment but I’m happy slowly accumulating on the current price or further dip.

People are still going with the knowlage gained through 2 / 3 previous cycles that showed us that the market goes down for a period of a year or so and than it goes back up. And that's not a wrong assumption. Will it happen like that rhis time, that's hard to tell, but if we have some data to go by, then we should trust it untill it proves wrong.

First I would like to express my great admiration for the greatness of Bitcoin and Blockchain!!! What I love about such reports is complete transparency with complete privacy!!! You can see any transactions that happen on the blockchain without any breach of privacy, this is a great example of what the future should look like.
Returning to the report, I can say that this is expected to happen in such cases, when prices fall, many hunters will rush to get bitcoin at the cheapest prices, it is not necessary that all of these believe in the future of bitcoin, but they believe that this is a great opportunity that they should take advantage of as much as they can, Regardless of the real reasons behind what is happening this will have a positive impact in the long run.

i think if you have noticed something that is strange to platform you will point out your observation and your aggressive will subdued. If some people get confidence through a negative way and negative Data you will on your own know that what they have is not good and if you making reference try to direct it well without fear and put exactly your observations. Because if you do nobody will penalized you because it is your personal suggestion

Small investors can not manipulate the market well, will not even cause panic in investment. Those who have an important role in the movement of bitcoin are big investors, although not completely.
All investors have the same contribution, the only difference is the amount of money or their assets.
Institutions are also active investors, it's just that institutions are joint ownership, not individuals.

They ( Whales ) buy when the others are already panicking. Massive purchases are the moment they have been waiting for. The more assets they have, the better. it's a discounted price they won't waste. The bloodier it was, the more they would get. When the bulls arrive they will take it all out.

Transparent real-time data that can be accessed by anyone makes crypto superior, there is no manipulation that can be censored or removed, all data will be recorded. This is a decentralized, unregulated and non-centralized world. transparency without invasion of privacy, that's great.
This is hunting season, when many people distrust and throw away their bitcoins, more and more will buy them, a good opportunity to buy gradually. It's a journey that keeps on repeating but gets more and more high reaches a new peak (ATH).

Scattered investment and kept for a long time. This is also why I like it more when the news is about more people buying Bitcoin and not just 1 whale or a group of them. Sure, they can tremble the market but long-term it will be the average buyer that will try and survive any dump.
Whales will sell to save themselves but small investors have hopes that it will be their savings that will also save them in the future.
I am a part of that, and I don't even have the slightest thought of selling. There's not even a stain of panic.

Yes, you are right because what happened some years ago is about to happen in crypto market for those that prepared well to experience massive pumping of Bitcoin price in the market. I think many people has bought a lot of bitcoins in this bearish season because they knew that the price will definitely increase higher some day for them to smile with their incomes. This is not the time to be panicking about the low price of Bitcoin because is an opportunity for some people who missed the opportunity few months ago to make use of this period to buy and hold for a bright future.

I've seen this earlier today and still think that it's complete crap, yet I'm still buying if price is sub-$20k because I believe that that is a good price. A lot of traders and analysts disagree with this report, and have concluded that it could have been just a very brief trade from a lot of players hoping to make a quick buck. Lots of things still not aligning, and the world economy is still shit. Not a lot of confidence going into crypto just yet because a lot of people don't want to be burned even further.

This is the real state of things in cryptocurrency presently, bitcoin is getting more buy from its investors for the benefits of the future, when we look back on the past record in previous years, we could see how the volatility has been a constant thing with less concern to worries, then why should there be a continuous panic now as the adoption increases, the more the adoption the more the investors because bitcoin have the ability to stand the test of time.

Gush@ very apt, was thinking that people who bought at $50k and above has no business of buying bitcoin again. What they really need to do is wait patiently. But of recent I saw I was wrong as people that bought at top including El Salvador are buying more. I saw the reason here, to reduce their average purchase price. That's a good one.

According to you, there are no much calculations to do, just we have known the ATH, let's keep the hope alive, it must get there again.

Of course they/we do as this is a good price point for this cycle before the next bull market kicks in- still a ways away, like a couple/few years.  IMHO buying the dips during these times will prove themselves to be a very wise choice, and when the bull runs kicks in again, you will see the FOMO in full gear again.

Yes I do agree with this one, if a whale or small investors buy according to the data why does the bitcoin price keeps dropping,which mean there also data that whales and retail investor including miner sell off their bitcoin right?

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I also hear about the bitcoin outflow from exchange but I also hear the news about Miner sell of their bitcoin

Fact is people hope to revert time and blocks to have cheaper price or get more rewards from mining. But they capituate and stop mining in bear market when with same hashrates, they can mine and receive more Bitcoin. They will join mining again in next bull run, after next halving when they will receive less mining rewards.

When they hope and see cheap price as they hoped, they feel fearful and reject to buy dips. Fear and uncertainty (at least they feel uncertain about future of Bitcoin in negative sentimental bearish market), their hope will no longer exist.

It is no shock that we could still see some big purchases here and there. It's of course not shocking that when the price is so low, there will of course be a lot of people who would love to buy some bitcoins. This is going to not change anything about crypto or bitcoin, it is just a small information that is fun to know but that's it.

This isn't related to market enough to make a huge difference about it, of course it matters but that doesn't mean that we have to believe it will stay the same neither. Just realize that accumulation phase has already started and we are in there right now, which would be the key point in all of this because if we accumulate, we will go up too.

I agree that when the price is low, there are more "people" who are willing to buy, but not the amount. Think about it this way, when the price is 50k, then there will be 100 people who buy 1 billion worth, but when it is 20k there will be 1000 people buying 100 million worth. In one case, it is more people but less money, in the other case it is less people but more money.

I believe that when we are down like this, there are more people who can see how much it should worth, but since the amount is lower, the price is lower as well, hence why it’s not going up. But when it’s higher, there are less people who can afford it, and feel like there is a good case to be made about whales buying more as well, even nations and also big corporations.