Bitcoin whales are buying more aggressively since Christmas, data shows

[mamamu111]

Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC.It is nearly impossible to segregate institutional investors from individual investors through on-chain data. READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2020/12/29/bitcoin-whales-are-buying-more-aggressively-since-christmas-data-shows/

[masterrex]

Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC.It is nearly impossible to segregate institutional investors from individual investors through on-chain data. READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2020/12/29/bitcoin-whales-are-buying-more-aggressively-since-christmas-data-shows/

Well, thats good because they have the capacity to buy bitcoin in bulk, and thats good for the market too, But aside from those so-called whales institutional investors are also in buying spree mode and I believe that was the main reason why Bitcoin Market is booming. I hope this boom will continue till 1st quarter of 2021 so that the market will stay alive and attractive.

[newwest]

If the buying is happening in bulk this is good news as we will see the year ends with more highs and who knows we could be in 30k price range as well. Close to 3 days left now and we are 3k away from 30k range. Though quite possible that we may also see profits booking happening in last 2 days before the end too so need to be prepared for that as well.

[bill gator]

It sounds like the whales are doing what the rest of us should be doing, then - buying as much BTC as possible has always been the plan, even if some of us fell off the train multiple times.

Personally I'm not too worried about profit-booking in the final days of the year, because IIRC that normally happens prior to Christmas. Besides, a simple HODL for a while and you'd be past any kind of "correction" or profit-booking.

[Obi theo]

Well from my point of view, it really great to hear whales are buying in bulk, it really goes a long way to show what bitcoin  has done and how attractive it had become, my only fear is with the high purchase of BTC by the whales, it might trigger the mindset of BTC is now for the rich, because the higher it pumps the more difficult it becomes for individual to buy in large.

[bassbity]

Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC.

For large investors, this is certainly not difficult. because their wealth is sufficient, they can easily supply the amount of bitcoin according to their desired target. until market demand increases dramatically until the beginning of the year. now it can no longer be stopped, the improvement is continuous and leaves a very far mark.

[Reatim]

Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC.It is nearly impossible to segregate institutional investors from individual investors through on-chain data. READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2020/12/29/bitcoin-whales-are-buying-more-aggressively-since-christmas-data-shows/

This must be the reason why as the year close to end Bitcoin price is continuing to uptrend Not like in 2017 when the closer the days gone is the lower bitcoin become.

This is really Incomparable to What 2017 bull and this 2020 run, There is no threat and the Weak hands  already their Sell off and the remaining Bitcoins now are from those who can carry the Holding and not pretending to be one.

I might say that even correction follows soon yet the Strong value will maintain close, and no Dumping to be expected anytime soon.

[Bitstar_coin]

It sounds like the whales are doing what the rest of us should be doing, then - buying as much BTC as possible has always been the plan, even if some of us fell off the train multiple times.

Personally I'm not too worried about profit-booking in the final days of the year, because IIRC that normally happens prior to Christmas. Besides, a simple HODL for a while and you'd be past any kind of "correction" or profit-booking.

That is why they are being referred to as the whales, because they can go the extra miles, take risk where many are not willing to take, at this current price i will be afraid to get in because i will be thinking the price good start going down and i will be caught up buying from the top, but the whales don't seem to care about this things at all, they are determine to buy more btc for hold and that's what they are doing.

[Karma24]

Bitcoin price does increase during Christmas and new year period, but it ends up dropping afterwards (for whatever reason)

[ice18]

Some says that many institutional investors and whales are waiting for another dip to take an opportunity to buy bitcoin at 20k levels I dont know if btc will have that huge pull back but many are waiting to this level Im sure about that thats why after some big dip it can possibly go parabolic again up to atleast 50k level.  

[NeuroticFish]

Well, thats good because they have the capacity to buy bitcoin in bulk, and thats good for the market too

Actually it is not certain to be good.
Whales are buying massively when the trend is up, but they'll probably also sell when the trend will reverse.
It has happened before, it will happen in the future too.
The only unknown part imho are the institutional whales - how will they behave when the market will turn bad (which hopefully won't be too soon).

[hd49728]

Actually it is not certain to be good.
Whales are buying massively when the trend is up, but they'll probably also sell when the trend will reverse.
It has happened before, it will happen in the future too.
The only unknown part imho are the institutional whales - how will they behave when the market will turn bad (which hopefully won't be too soon).

True that. The trend is a friend and whales are smart enough to enjoy the trend with profits. Though the bullish market and positive mood of investors, nothing can last forever and spend capital without any understanding on price actions can cause panic sells. In a bullish market, hold will help you earn profit but panic sell will cause loss. It is the market and I would not surprise to see greed buyers do panic sells.

People pay attention on and are directed by inflow, outflow and some big transactions that they believe whales are buying or selling. I don't think all of the free signals are true and they are tools to manipulate the market.

[eucalyptus]

Thr most important things is that I hope they will not dump Bitcoin massively later. Many companies invested in Bitcoin also and we can say they are whales also. And they made a huge profit. So what if they exit market? And also we know that Bitcoin needs correction. Maybe after correction we can see overbought on Bitcoin.

[avikz]

I didn't visit the article because my Crome browser is showin the content as malicious! Don't know why! But let's assume what the article or you are saying,  is true!

We all have to remember that this year's bull run is very different than the previous one! Institutional investors are now sitting up on billions of dollars worth of bitcoin and there is no sign for panic selling reported. When a company invests into something, they have to go through a lot of researches and hard facts before they can actually invest into something. Also companies invest for long term with two goals - capital protection and sustainable long growth!

So this year's bull run is quite different and the numbers are echoing the same! It's no wonder people and institutions are buying more, even at this price!