Bitcoin Whale bought $150 million worth of Bitcoins during the dip.

[savetheFORUM]

Some big whales are buying the current dip as more individuals and companies are buying the Bitcoin market dip as all is set for another bull run, reading over the news I saw where a Bitcoin whale buying $150 million worth of bitcoins, this Anonymous whale wallet saw its first activities in 2019and the wallet is said to hold about $5.9 billions worth of Bitcoin and the third wallet holding the highest bitcoins.

I’m quite happy about the fact that I had enough bitcoin and I never sold all when the market got to the top,. I just sold a part of my coins and left the rest in my wallet and even received a lot of payment in bitcoin when the market was down. When the covid-19 took place, I felt that there might no longer be any bull run again, so I planned to hold my coins for four to five years before I start selling, but it later happened that we saw a bull run, so that’s why I decided to just sell part ; first one when it got to $40k, the next one around $50k, and the last one around $60k. Then the remaining coins will stay till I see bitcoin hit another major bull run.

[RILWAN]

Some big whales are buying the current dip as more individuals and companies are buying the Bitcoin market dip as all is set for another bull run, reading over the news I saw where a Bitcoin whale buying $150 million worth of bitcoins, this Anonymous whale wallet saw its first activities in 2019and the wallet is said to hold about $5.9 billions worth of Bitcoin and the third wallet holding the highest bitcoins.

I’m quite happy about the fact that I had enough bitcoin and I never sold it all when the market got to the top, I just sold a part of my coins and left the rest in my wallet and even received a lot of payment in bitcoin when the market was down. When the covid-19 took place, I felt that there might no longer be any bull run again, so I planned to hold my coins for four to five years before I start selling, but it later happened that we saw a bull run, so that’s why I decided to just sell part; the first one when it got to $40k, the next one around $50k, and the last one around $60k. Then the remaining coins will stay till I see bitcoin hit another major bull run.

Covid-19 only affected the price of bitcoin positively because it was during covid that most people adopted Bitcoin since the was a need for social distance and banks were closed for some time, in the early days of the virus it affected the market negatively but as time went on it recovered and we were able to have an all-time high.

[leea-1334]

Honestly even as a Bitcoin supporter I never see these buying actions as a high point,,, I mean whales buy and sell and move all the time, and if this thing is able to move the market,,, then it is actually bad news to us because it proves Bitcoin is not as decentralized or as resistant to centralized action as we all claim it to be.

So forgive me for not getting excited about whale moves

There's always that inequality no matter what market you've been dealing into as long there are people who do have those finances where this one involves multi millions then they would always be having the advantage.

Buying opportunity would be always there and only to those who do see opportunity will really made out steps which they know that
they could take advantage.

Having an advantage is a little bit different from having the power to move the market,,, I guess what I was commenting on earlier was not so much of the advantage of whales and the rich. The rich will always have an advantage in money matters. This is the definition exemplified,,, you have money, you have advantage. More money more advantage.

But I was talking about decentralization, the resistance of Bitcoin to manipulation. If whales can sell and buy AND cause markets to crash or rally,,, it is bad news. So I am glad it is not something Bitcoin worries about. Hence why this news is irrelevant

[Lucius]

The market cap is still around 2.292 B USD. Dont compare the amount of investment with our asset but on the market cap so you can take a concret conclusion.

This is a total market cap that should not impress anyone too much because it is known that this number is something that results from obvious manipulations with coins/tokens supply times their price - and currently we had nearly 15 500 coins on the market. The BTC market cap is just under $900 billion, and for comparison, the US military budget for 2021 is about $750 billion.

I wonder why nobody mentioned that this "whale" dropped 7500 bitcoins in one week when the price was 50-55k, so about twice and little more the sum, they've bought now in $, around 400 million.

At least I posted a link to the address in question, but I didn't scroll down enough to see what you noticed. These are usually 1500 BTC, but at the end of January 2021, they sold almost 10 000 BTC, and another 3000 in early February.

2021-02-08 20:21:06  -1,500.005 BTC (66,159,971.81 USD)   
2021-02-04 19:19:22   -1,500.005 BTC (55,785,714.94 USD)   
2021-01-29 23:24:43   -3,000.01 BTC (102,306,406.77 USD)   
2021-01-29 19:06:10   -6,000.005 BTC (208,323,712.23 USD)   
2021-01-29 15:29:27   -700.002 BTC (26,124,563.47 USD)

[Darker45]

That's what whales do. Every time they smell fear in the Bitcoin market, they invest. Every time they detect that spaghetti hands are dumping, they are quick to release cash and purchase cheap Bitcoins in huge amounts. Whether they are institutions or individual investors, they are really taking advantage of the discounted Bitcoin. Most often, the retail investors are the ones who offer these whales Bitcoin at a bargain price.

[pawanjain]

Wow, that feels so mesmerizing. I sometimes feel jealous of those whales buying bitcoins in bulk and here I am not even holding 1 whole bitcoin.
I am still proud to be a bitcoin holder though since I do hold in decimals but who would not like to hold 1 bitcoin.
I think it will only get more harder every year to accumulate more in bitcoins which is why the whales are accumulating more in every dip.

[Leviathan.007]

During the time when the price reached 42K price level, many investors have placed buy orders and some orders were executed. We saw the price recover a huge part of the price fall just in a few minutes and it shows many people were placing orders and waiting for such price and the chance to buy bitcoins at cheaper prices, Since the price movement was really sharp it was hard to buy at dip for the people who didn't place any order, however, the main question can be where this whale is going to sell the bitcoins to take profit, because from what I can see these whales usually hold for years.