The Richest Bitcoin Whale in Existence Now Has Over $2,763,000,000 in BTC After Massive Series of Transactions
The world’s largest non-exchange Bitcoin whale now holds over $2 billion worth of BTC after a string of massive transactions earlier this month.
[...] According to crypto data platform BitInfoCharts, [...]
[...] According to crypto analytics firm Santiment, [...]
There is no way to know this for certain. “News” sources which carry such headlines do not know how Bitcoin works. Either that, or they have a bridge to sell you: “Crypto data”, “crypto analytics” (an evil business that should not exist), etc. The same as for stats from Glassnode,
et al. about how many coins are “short-term” versus “long-term” holdings. They are pulling those numbers out of their arse.
I know that if I had a large amount of BTC, my holding would be split between numerous wallets, in ways that “crypto analytics” (i.e.,
spying) would be unable to link. I would want to fly under the radar—
not to show up on “rich lists”. Are all Bitcoin whales are too dumb to do that?
How many whales are
ghostwhales? (To coin a new term here.) The question cannot be answered. Ghostwhales are invisible; that is the point.
I also know damn well that when I held coins for years, some of my coins tended to show up in the “short-term holder” category. For privacy reasons, I sometimes moved my own coins between my own wallets in ways which would look very much like a transfer of ownership. I don’t mean simple sweep/send, which analytics will see as staying within the same wallet. I mean intentionally breaking the heuristics used by blockchain spies to assign coins to “wallets”.
Many Bitcoiners who have much larger holdings are concerned about privacy. Some of them probably have similar practices. Accordingly, “LTH” must be always undercounted by a proportion which cannot even be guessed. People who proclaim certain knowledge of “STH” versus “LTH” amounts
do not know how Bitcoin works.(This is a long-time pet peeve of mine—why I tend to ignore people who obsess over STH/LTH stats. Last week, I saw o_e_l_e_o mention this point in a development thread; I realized I should be more outspoken about it.)You're busy selling and they are busy buying your BTC.
Follow the activities of the smart money guys.
Be wise the Storm is gonna be over one day.
About a week ago, when Bitcoin was struggling around $18k–$19k, I showed my posts here to the shark who told me to deleverage at $35k. (Who also freaking told me not to rely on 200 WMA as a bottom—LOL.) He took a glance through WO, and told me to stop wasting my time hanging out with the weak hands here. “Why are people so scared? This is fine. The price is fine. The market is fine. Bitcoin is fine. Stop worrying.”
Some people will never sell in bear markets.
Poll
