Crypto Whales May Be Behind The Current Bitcoin Surge

[JessicaVL]

Figures from wallet transactions on the Bitcoin blockchain suggest that a few crypto whales may be behind the current Bitcoin surge. For the first time since August 2018, the world’s pioneer cryptocurrency made its way past the $7,000 price point. Read More here: https://www.cryptofish.com/blog/crypto-whales-may-be-behind-the-current-bitcoin-surge/

[BrewMaster]

bitcoin surge happens when fiat moves to exchanges and if whales were behind it then you had to look at their bank accounts where they trasfer fiat to buy bitcoin increasing its price, not the bitcoin blockchain!!!

ps. we had 4 huge news today leading to this rise. 5 if you count the price rise and the FOMO itself:
1. Microsoft launching a tool on bitcoin blockchain
2. eBay supposedly planning to accept bitcoin
3. BAKKT announced futures
4. Starbucks, Nordstrom, whole foods now accept bitcoin payments

p.ps. the drop below $6k was whale manipulation months ago. this is just market going back to normal after that manipulation was over.

[||bit]

bitcoin surge happens when fiat moves to exchanges and if whales were behind it then you had to look at their bank accounts where they trasfer fiat to buy bitcoin increasing its price, not the bitcoin blockchain!!!

ps. we had 4 huge news today leading to this rise. 5 if you count the price rise and the FOMO itself:
1. Microsoft launching a tool on bitcoin blockchain
2. eBay supposedly planning to accept bitcoin
3. BAKKT announced futures
4. Starbucks, Nordstrom, whole foods now accept bitcoin payments

p.ps. the drop below $6k was whale manipulation months ago. this is just market going back to normal after that manipulation was over.

That news was there for months but bitcoin continued to losing value.

Btc is actully has a better shape than when it was 20k $. And that was just manipulation. Because it is very cheap (compared to regular markets) to speculate bitcoin market, they are playing with the market. They made it cheap while it was valuable and make lots of people to sell their bitcoins. It seems they think it is time to fly now.

[Adriano2010]

Yes i also think that, i only think when they will stop and what will happen when they will start sell and the question is how much they want and if this will somehow drop again the price or they want to go to a new ATH.

[pushups44]

Figures from wallet transactions on the Bitcoin blockchain suggest that a few crypto whales may be behind the current Bitcoin surge. For the first time since August 2018, the world’s pioneer cryptocurrency made its way past the $7,000 price point. Read More here: https://www.cryptofish.com/blog/crypto-whales-may-be-behind-the-current-bitcoin-surge/

Yes, some analysts have called this the accumulation phase of the bull market, and Anthony Pompliano has speculated that a sovereign nation may be behind this spike. I have a suspicion that a country could be playing a role in this strange market.

[NeuroticFish]

ps. we had 4 huge news today leading to this rise.
[~snip~]
p.ps. the drop below $6k was whale manipulation months ago. this is just market going back to normal after that manipulation was over.

Indeed the last months of Bitcoin price going down was manipulation. But that doesn't mean that this sudden rise cannot be also some manipulation. Many are sucker for good news and many others can use the opportunity for a little pump and dump "game".

Thanks for the list of good news. I've missed half of them.

[squatter]

Starbucks, Nordstrom, whole foods now accept bitcoin payments

Interesting, I hadn't seen that headline yet. I had no idea Gemini were getting into the payment processing business. I hope they know what they're getting into regarding payment volumes because these are some pretty big names:

Companies now officially accepting these cryptocurrencies, according to Flexa, are Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Crate and Barrel, Express, GameStop, Jamba Juice, Lowe’s, Nordstrom, Office Depot & OfficeMax, Petco, Regal Cinemas, Ulta Beauty and Amazon-owned Whole Foods Market. And of course, there's Starbucks, in spite of not being part of the official launch. In total, nearly 100 stores are expected to start accepting bitcoin and the other cryptocurrencies via the Spedn app by the end of this year.

[Flight-87]

bitcoin surge happens when fiat moves to exchanges and if whales were behind it then you had to look at their bank accounts where they trasfer fiat to buy bitcoin increasing its price, not the bitcoin blockchain!!!

ps. we had 4 huge news today leading to this rise. 5 if you count the price rise and the FOMO itself:
1. Microsoft launching a tool on bitcoin blockchain
2. eBay supposedly planning to accept bitcoin
3. BAKKT announced futures
4. Starbucks, Nordstrom, whole foods now accept bitcoin payments

p.ps. the drop below $6k was whale manipulation months ago. this is just market going back to normal after that manipulation was over.

That news was there for months but bitcoin continued to losing value.

Well said bit, just the right answer to stop the brag of BrewMaster.
What I see and believe is Every big move is a manipulation in BTC game. MS, Bakkt, eBay or any big names accepting BTC? Even that news is a part of this game too.

[Nivia1st]

bitcoin surge happens when fiat moves to exchanges and if whales were behind it then you had to look at their bank accounts where they trasfer fiat to buy bitcoin increasing its price, not the bitcoin blockchain!!!

ps. we had 4 huge news today leading to this rise. 5 if you count the price rise and the FOMO itself:
1. Microsoft launching a tool on bitcoin blockchain
2. eBay supposedly planning to accept bitcoin
3. BAKKT announced futures
4. Starbucks, Nordstrom, whole foods now accept bitcoin payments

p.ps. the drop below $6k was whale manipulation months ago. this is just market going back to normal after that manipulation was over.

I already knew about this rumor from yesterday, but in reality it did not affect the price. the decline continues, prices fall to very deep. so this is definitely whales manipulation. manipulation occurs when prices fall and when prices rise. this is not a strange thing in crypto. even though I hate it, but I'm still happy when that happens.

[CryptoBry]

People like me don't actually care too much if this spike is because whales are manipulating the market...the most important thing is that it is rising and would soon be breaching the $10,000 level. Now, if whales will suddenly sell their Bitcoin and the price will drop dramatically then I would also be happy because that can be an opportunity to buy low. Whales or not, we are all part of this market and anything we do or don't do with our Bitcoin can affect its price. Now, I am wondering, what should we do then since we know that whales are doing it?

[Beerwizzard]

bitcoin surge happens when fiat moves to exchanges and if whales were behind it then you had to look at their bank accounts where they trasfer fiat to buy bitcoin increasing its price, not the bitcoin blockchain!!!

It is not necessary for some whales to use their banks. For example if they had their funds already on exchanges. This might be a typical behaviour for some asian traders.
But if recent pump happened because of whales then they either they are carefully hiding their transactions or it is just a good market conditions for growth. There could be no point in hiding your purchase of you were an established company.

[Ailmand]

Figures from wallet transactions on the Bitcoin blockchain suggest that a few crypto whales may be behind the current Bitcoin surge. For the first time since August 2018, the world’s pioneer cryptocurrency made its way past the $7,000 price point. Read More here: https://www.cryptofish.com/blog/crypto-whales-may-be-behind-the-current-bitcoin-surge/

Yes, some analysts have called this the accumulation phase of the bull market, and Anthony Pompliano has speculated that a sovereign nation may be behind this spike. I have a suspicion that a country could be playing a role in this strange market.

Who knows? We might think that some countries are banning or trying to avoid Bitcoin but they have their hidden agenda to pursue which affects that market. That's just another speculation and I'm just thinking of the possibilities. The market and everything behind it is unpredictable though.

[sheenshane]

That word "may" is really something. Because technically, in the blockchain technology, once a whale went in the value will be affected. Once the whale goes out, it also has the same result. So using the word "may" is a quitely questionable as it really seems to be obvious that Bitcoin whales are behind the surge. Whales and tycoons in all of the industries could make anything their way. They have enough influence, power and wealth to run the things they liked. So I don't really see this article as a new. Its always getting like this.

[RodeoX]

Global trade wars, stock market overvalued, sanction regimes everywhere. Whales have nothing to do with it. The flight to bitcoin is completely logical.

[Genemind]

I believe yes, they are powerful since they got their resources and they could manipulate the prices easily. It isn't questionable because they're holding the bigger part of the market. So as smaller investors, we must just deal with the changes and take profit if there's an opportunity.

[Bardman]

Pretty stupid remark, aren't whales responsible for all the big moves anyways? At least they are the ones who spark them. Whales were responsible for the first bull run and will be responsible for the next, then FOMO will settle in and normal people will be the ones who push the price higher and we will eventually crash again aaand repeat.

[BUK2016]

~~~whales may be behind the current Bitcoin surge.~~~

Baling looking at the current price of Bitcoin in the few weeks ago make one think of the possibility of the whales getten involve in the currently price surge. Although good news could be traced to the progress but a careful looks tells more of the whales buying for the bull run.

[Slow death]

Figures from wallet transactions on the Bitcoin blockchain suggest that a few crypto whales may be behind the current Bitcoin surge. For the first time since August 2018, the world’s pioneer cryptocurrency made its way past the $7,000 price point. Read More here: https://www.cryptofish.com/blog/crypto-whales-may-be-behind-the-current-bitcoin-surge/

why do people always blame the supposed whales when the price falls a lot or when the price goes up a lot? Is not possible that the price can rise because of the demand? I think the price is rising because of a lot of demand and not for manipulations of supposed whales

[XinXan]

Global trade wars, stock market overvalued, sanction regimes everywhere. Whales have nothing to do with it. The flight to bitcoin is completely logical.

Well, if you think an asset that has 20-30% gains or losses in one day is something completely logical to invest in as a large investor to secure your money you are illogical. It's a great investment for normal investors, traders, etc but not for super large investors who want some sort of security and a low volatility.

[muratsink]

behind bullish BTC today is not only the pope, but also many companies that adopt BTC payments such as Ebay and Samsung and others.  BTC has passed the $ 7,000. this is a safe point.  the next point is $ 10000.  I think, BTC will be slow to reach $ 10K.