BTC Dump: Pure Whale Manipulation

[jonathan6655321]

The BTC dump today was completely manufactured:

About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase.Link


About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: Link

40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: anchor

15 mins after that, a whale moved 10M USDT from one wallet to another: Link

If you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with.

Fuckers.

Edit: For all those saying that no one was complaining when a whale entering the market drove the price us. No shit, all boats rise in that situation. In the one we're talking about here, only one group of people benefit whereas the vast majority are negatively impacted. That's the difference.

Source for the original post

[CryptoBry]

I understand what you are trying to tell us and indeed this can be a little (or you can say it is actually very, very, very) disappointing. However, the reality is that there is nothing we can do about it. In the same way that we are helpless in the face of so many scams and failures associated (falsely or rightly) with this industry, so in this case the owner or the whale has all the freedom to do what he wants to accomplish be it manipulation or not. However, we should not worry that much because actually every dip is a great opportunity to buy bitcoin at a cheaper rate...look at this at the brighter side and if all of us will do that we are actually giving bitcoin a big boost.

[Ailmand]

We can't control the market as whales do because they have a huge advantage to manipulate the market. They could change the market situation through their actions. The best thing that we can do to deal with the changes is just to take advantage of every situation as well. We can't do anything against whales.

[Dapper]

One thing you can do is lower your expecations.   Be happy with a $2500 gain in a month.  It's a dream come true.    Be happy with a $500 gain in a day.   Sorry, you probably won't make $500k in a day (some will make more, most will make less).   Because you don't have that much invested, some people do... because that's life.   

[Genemind]

We can't deny the fact that whales are contributing an impact in the pump and dump of the market but we must know that there are also different factors which affects the market. We must not blame them because we also benefit whenever there's a big pump.

[jakelyson]

They are not whales for nothing. Either they were really rich and bought a lot of bitcoin before or they trusted this system well ahead of us when it was still pennies. Can we blame them if they make a move to make a profit now? No, we can't.

What we can do is anticipate their move (if we can) or react positively if they dump. We can still make profits on trades even if they dump the price if we play it right.

[AjithBtc]

I too believe it is a manipulation from big whales, now people will fear of making investment that takes the price further reaching $10000 which is an expected price barrier to be reached as it has crossed $9000 few days back. Now this gets used by the whales and will be made as an profiting. Most of the time whales try to keep the common people under their control.

[buwaytress]

Nobody calls them out for f*ckers when they do the same thing and then price spikes up the opposite direction of a dump, though, yeah? Was only a little over two months ago (remember April Fool's 2019?) when we shot up 15%, and then it was all traced supposedly by Chainalysis if I recall, to a single actor/entity who coordinated his buys across three different exchanges.

So we take the good with the bad, it's okay. Go buy BTC now while you can;)

[DdmrDdmr]

Crap, I just wrote about this on my local board, and in the spirit of having done so correctly, I presumed that the comments in the OP were original and not a copy/paste from the source (the "Fuckers" and the "Edit" led me to believe that it was the OP’s wording, and got me of my guard checking the OP vs the referenced link when meriting it). This is why I consider a copy/paste + link too damn close to plagiarism, and although it is not technically so on this Forum, it bloody well should be (unless the content is of dire need to be communicates as is).

Anyway, whales are around and we can only expect them to reproduce at a rate than is natural on par to the incorporation of institutional entities. That’s why I consider BTC no as a decentralized utopia, but rather more as a "concentrated" one, where specific concentrations of power exist enough to shift the market on one or multiple plains (code, mining, exchanges, price, legislation). Nothing new under the sun here, but simply not as decentralized as the original spirit meant it to be.

[bittraffic]

Aren't those guys who manipulate these market known to the exchanges the fact that they submitted KYC well assuming they submitted real IDs. How come these guys are not really alarmed?

Its no however illegal to accumulate but I hope to see them getting burned in the future  when whales clashes. Like if someone whale dumps and all he dumped were bought aggressively by the other whale.

[roosbit]

It's the hard truth about how bitcoin and other cryptos work and in the absence of a central power whales actually run the show around here...guess in the crypto ecosystem you are either a passenger or the driver, choice is yours.

Besides this I really expected crypto to be getting new capital pumped in based on the current trade wars but seems this whole process is a slow one and we need to wait for this to happen.

[Haunebu]

Aren't those guys who manipulate these market known to the exchanges the fact that they submitted KYC well assuming they submitted real IDs. How come these guys are not really alarmed?

Because what they are doing is not against the laws strictly speaking. The thing that many people are forgetting here is that they are risking a ton of money here and they deserve the reward.

Its no however illegal to accumulate but I hope to see them getting burned in the future  when whales clashes. Like if someone whale dumps and all he dumped were bought aggressively by the other whale.

No one is stopping anyone from doing what this particular whale has done since this is a free market. Everyone are aware of the risks involved here. Its pointless trying to blame someone else who just wants to earn profit just like you or anyone else for that matter.

[klaaas]

It isnt changed in all the years that whales moving the prices, it work both ways.  On a counter it could attract more whales that want to join inn and push the price.

[Apes]

bad day for btc. Today's market is so bad I worry about seeing it like this. while people expect hype with a climbing market. whale actually worsens the market, they are market killers, I hope there are regulations that regulate whale do not arbitrarily sell btc and ruin the global market.

[Pipdips]

The BTC dump today was completely manufactured:

About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase.Link

About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: Link

40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: anchor

15 mins after that, a whale moved 10M USDT from one wallet to another: Link

If you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with.

That is truly some fancy footwork right there. It is a thing of beauty and I pretty much love it! If any whales are reading this, personal message me. I would like to work for a whale. Whales are the real winners in the game of cyrpto-currency!

[NeverSop]

The market will still be affected by smudges of manipulation.  This obviously exists.  it only rotates faster when the explosion starts and goes to the shore.  Only misconceptions and panic begin to move.  This is similar to most of the years.

[Felisk99]

It isnt changed in all the years that whales moving the prices, it work both ways.  On a counter it could attract more whales that want to join inn and push the price.

That's what i fear most, that such operations are going to show other wealthy people that making money on BTC can be ridiculously easy and if more whales are going to enter the game, such manipulations are going to happen more often. It may be sad, but that's how the world looks like. We can't be hypocrites saying that those people are scumbags when it comes to dump just to be okay with bears, which are also hugely influenced by such transactions. The market is still very volatile, but that's what makes a chance for people like us to invest and have some pie too.

[Nadziratel]

It's just an ordinary move that someone with a lot of money has to make more money. And unfortunately, the market is badly affected. There's nothing we can do for now. The psychological factors in the market allow it.

[electronicash]

The market will still be affected by smudges of manipulation.  This obviously exists.  it only rotates faster when the explosion starts and goes to the shore.  Only misconceptions and panic begin to move.  This is similar to most of the years.

it happens every time so there ain't nothing new anymore. the climb of the prices to the top will keep on going since all  the  we might see in the coming days are altcoins rising  more than 100%. kind of a new manipulation  i see is every time btc goes up, expect altcoins to be bought. marketcap doesn't change but altcoin price gooes  up.

[coin-investor]

The BTC dump today was completely manufactured:

About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase.Link


About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: Link

40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: anchor

15 mins after that, a whale moved 10M USDT from one wallet to another: Link

If you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with.

Fuckers.

Edit: For all those saying that no one was complaining when a whale entering the market drove the price us. No shit, all boats rise in that situation. In the one we're talking about here, only one group of people benefit whereas the vast majority are negatively impacted. That's the difference.

Source for the original post

Very well said it is a good analysis and the sad part is, they can do this over and over again, but what can we do it's an open market and this is always subject for manipulation, Bitcoin has a lot of whales around it, something should be done about this in the future.

[davis196]

If the btc price dump is manipulated by the whales,then this is kinda good news.I will consider it bad news,if there is a bearish trend coming.
The btc price might return to the bullish trend organically,without any push coming from some whales(if they stop with the mass selling,of course).

[proTECH77]

The only powers that controls Bitcoin price are the whales and nothing more. Even before this, there was an incident that happened, when a whale dumped more Bitcoins and bought them back with a huge profits at the end thereby affecting the masses who hold little of these coins. The whales control the market, and nothing we holders c an do period.

[rdluffy]

We always blame whales for market crashes and etc
But if you have something like millions in BTC, you'll probably do the same, they are gaining money

[Juggy777]

The BTC dump today was completely manufactured:

About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase.Link


About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: Link

40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: anchor

15 mins after that, a whale moved 10M USDT from one wallet to another: Link

If you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with.

Fuckers.

Edit: For all those saying that no one was complaining when a whale entering the market drove the price us. No shit, all boats rise in that situation. In the one we're talking about here, only one group of people benefit whereas the vast majority are negatively impacted. That's the difference.

Source for the original post

I didn’t realise this was the scenario until you pointed it out with those transactions, yes now I too believe that it were the whales who manipulated today’s dump. While I understand your frustrations with them, I do not feel they did anything wrong cause it’s smart trading where they made quick returns and got their capital back. This kind of transactions happen in stock markets too, one who has the power to do it will do it there’s nothing we can do about it.

[proTECH77]

We always blame whales for market crashes and etc
But if you have something like millions in BTC, you'll probably do the same, they are gaining money

That's true mate but we the holders are just be jealous of these whales. Most of these  whales even act as Binary Traders, they hold some of these   huge coins from people who entrust them with their coins and they need profits for them tool. We shouldn't blame these whales becasue if it were us, we will do likewise.

[rdluffy]

We always blame whales for market crashes and etc
But if you have something like millions in BTC, you'll probably do the same, they are gaining money

That's true mate but we the holders are just be jealous of these whales. Most of these  whales even act as Binary Traders, they hold some of these   huge coins from people who entrust them with their coins and they need profits for them tool. We shouldn't blame these whales becasue if it were us, we will do likewise.

Yes
If we need to "fight" against whales, we need to hold our coins and not sell in a moment of weakness, thinking about a crash
I already lose some money in the early days but I learn to hold and follow my plans
Today we lose almost 1k, but tomorrow BTC could worth 10k...

[fabiorem]

Exchanges should have some mechanism to suppress this kind of manipulation, like not having it go lower than 5% of the most recent price. But if only one exchange do this, it will go bankrupt, as the bot users would migrate to the others. They need to unite and place some rules over trading, because the manipulation is showing up and people might get tired of it, and its better to have a consortium putting some rules than some government.

You cant trust bitcoin as a store of value when it drops $800 in just one day, when the bear market had already ended and the price had a organic growth recently. Myself was only going to start selling when it reaches 30k (holding since 2015), now Im thinking about dropping some on 10k, because this last manipulation was very cheeky, the way it happened yesterday.

[cabron]

We always blame whales for market crashes and etc
But if you have something like millions in BTC, you'll probably do the same, they are gaining money

Nothing bad about it but if you manipulate the market and  be the reason why people lose their money, its soomething that gives reason why they kill themselves. I have followed a woman in our town who killed herself for spending his husbands money to BTC last 2017. She hanged herself  leaving 2 kids.

[tornadouk]

I think it is probably going to stabilize around $7200, at the moment people are still dumping some big amounts. I was looking forward to seeing $10,000+ and it was heading in the right direction, but my feeling is it could go sub $6000 within a few days if we get anymore whales dumping massive amounts like that.

[BitFinnese]

That strategy can go against them too.  Shorting BTC in a bull run have a greater risk.  Lucky for them the market favors their action.  If BTC continues to go up before their buy order is filled, they will be buying on the higher price, thus leaving them with less BTC.

[IPVPIRL]

I am not sure that the same whales rebought at 8k. This dump if followed in the next 1-2 days will turn the market to bear again.
Also it is possible they didn't dump all their Bitcoin's yet. They are probably builting the order books with the strategy they have in mind.

Seriously though don't always hate the whales. They have the same plan as always. To make you sell really cheap to them. They profit from panicking and they sell at points like this one. When market is 300% up in 2 months time. Also they most certainly have inside information from exchanges which we don't.

The markets give many hints. I am not that good trader to understand from the charts when it is time to buy, but still when you read news about Tether printing 300m USDT it is most certainly a buy.

[Gaff]

The BTC dump today was completely manufactured:

About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase.Link


About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: Link

40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: anchor

15 mins after that, a whale moved 10M USDT from one wallet to another: Link

If you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with.

Fuckers.

Edit: For all those saying that no one was complaining when a whale entering the market drove the price us. No shit, all boats rise in that situation. In the one we're talking about here, only one group of people benefit whereas the vast majority are negatively impacted. That's the difference.

Source for the original post

Very well said it is a good analysis and the sad part is, they can do this over and over again, but what can we do it's an open market and this is always subject for manipulation, Bitcoin has a lot of whales around it, something should be done about this in the future.

Then we must be prepared all the time, and if you think manipulation was still the hindrance of bitcoin price increase I guess you'll have to ride on it. Yeah lots of whales made this situation became so hard to recover, but I do believe eventually we will overcome this matter soon. We should stay positive and don't ever lose grip until the last breath that you have.

[dothebeats]

The dumping is still happeningnup until now, and I'm oretty sure that it will continue to do so within the next few hours. Aside from market manipulation, correction has long been overdue for bitcoin, and I think it is now catching up to us in a rather uninvited manner. As for the whales, if someone bought first what these guys dumped, whoever did the manipulation would surely lose some big numbers as everything happens. They have stimulated the market so well that it's time for them to at least book profits, and it's not nice.

[rdluffy]

We always blame whales for market crashes and etc
But if you have something like millions in BTC, you'll probably do the same, they are gaining money

Nothing bad about it but if you manipulate the market and  be the reason why people lose their money, its soomething that gives reason why they kill themselves. I have followed a woman in our town who killed herself for spending his husbands money to BTC last 2017. She hanged herself  leaving 2 kids.

I'm not saying I agree with whales
What's the real difference between traders and "whales"? Only the amount of money they have

Is not illegal to dump all BTC you have and buy again. As I said, the solution is simple, don't sell your coins at low

And about the woman you said, it's very sad man, real sad, people need to be careful with money and only put in risk investments the amount they are willing to lose

[hulla]

We can blame the whales for what they did recently to cause some dump in the price of the bitcoin market and what we can do to play along with whatever they do to seize the opportunity. However, the whales in the subject are pretty smart and I respect him for that because he manipulated the market when he knows Islam is having a holiday which is why I usually advise people to be updated with a public holiday and stock news cause the whales use it sometimes to manipulate crypto market.

[malekbaba]

It is called correction. Price will always go up, How? No way. Price goes both ways. Whenever someone sales, other one is buying. Price will never go up, unless it goes down. Mate, dont get upset. Crypto faces manipulation every now and then. Sometimes, price goes up without important news and sometimes price goes down even after significant or major announcement. Crypto is volatile and with times, it will be stabilize. People will think about profit. There are tons of factors but Whales are worth mentioning.

[Pipdips]

Bitcoin has had a $1,000 price drop in the past 24 hours. Ouch, because I purchased some up there.

It's all cool because I am on the whales side!  Up top.  I am living the dream with them!

I just bought more at $7,550. A sweet deal, for I am surfing on top of the whales and I am loving it!

[MonsterV]

However, we should not worry that much because actually every dip is a great opportunity to buy bitcoin at a cheaper rate...look at this at the brighter side and if all of us will do that we are actually giving bitcoin a big boost.

That's right, indeed we are all disappointed with this, but if we continue to dissolve in disappointment we will not make a profit. So use a moment like this to start buying, because we know bitcoin will continue to grow and I'm not worried about this decline.
Indeed we cannot do anything, but if we continue to support bitcoin together, it will make a new suggestion that bitcoin will really survive and rise.

[Slow death]

The BTC dump today was completely manufactured:

Whenever the price drops a lot people blame the whales, I really do not know if are those whales that make the price fall a lot, but what I can say is that the market is still very small so it is possible to be manipulated something very annoying. But we have to be patient and move forward because over time the market will be very large and it will not be easy to be manipulated

[Reid]

What can you do to equal them?

Hoard more.
Ain't that what we are doing by now?
Thank them for bringing the price to a lower amount. Now we can buy more and then maybe make them pay for what they did now.
Next time they will be the one losing its value and they will regret they sell at the wrong time.

But after all, they did a good timing in doing it.
What if another whale is doing the same job? It will be a large dump and both will have problems after 1 already bought a large amount since the price will be fluctuating up in an instant.

[akamit]

Whales will do large trades because they have the money power, it's nothing wrong imo. What should we expect - whales should not trade when they have large amounts?
If I have large amounts and I'm a crypto trader then why not I should trade to earn money from money?

Yes, crypto market has manipulation ability because of large hodlers and it will get vanished when crypto market will have trillion dollar marketcap in future...

[jossiel]

A shrimp like me has no power to control the market and this is the reality, we'll just go along with the flow of the market base on where it's going. Keep on accumulating people and don't be discourage with what you to the market now.

The BTC dump today was completely manufactured:

Whenever the price drops a lot people blame the whales

And whenever the market goes on high, nobody blames the whales because it was just the 'institutional money' coming in.

[Payme21]

I think its okay because that is why most people own crypto..to make profit. That been said, whales will always have power in the setup because they have what it takes

[DoublerHunter]

This is not our big lose, we can also ride the whales and also have a profit if you don't want to hold for a longer time. Grab the opportunity now to buy bitcoin as much as you can while it is very cheap in the market. When whales start to bags their pocket it will grow again and be ready at that moment, you should watch the market what is possible it takes. Whales will make tired once they can't hold longer time the market.

[traderethereum]

Whales can do whatever they want.
With a large amount of bitcoin, they can easily move the amount from one exchange to another exchange, and that is easy for them.
They don't think about the fee, and they don't think about the market because they can move the market to anywhere they want.
But I am sure that everything will be back to the current price and will reach a higher price again.
This time, we have other opportunities to buy bitcoin at a low price, and if you have money, don't forget to rebuy it.

[tippytoes]

I think its okay because that is why most people own crypto..to make profit. That been said, whales will always have power in the setup because they have what it takes

Unfortunately, they are the ones gaining from it big time. $15M is pretty huge amount of money for most of us. But that's how market plays. We do need them to make the crypto market interesting. This will create news, hype, fud, etc. which I think is good for crypto exposure.

[Bes19]

I understand your sentiments but it is normal that they are taking out profits. We need whales so the market would be alive. You can actually go with the flow by doing short trading and not holding much and enjoy the time that bitcoin price fell down buy more!

[danipay]

You will not loose any thing if you hold your asset until you sell it.
You can only follow the whales if you want take advantage of this situation.

[bhabygrim]

It is just how it goes everyone has been doing it,
The whales are also investors and traders so they could also do what we so (quick trade).
And for sure you also done it before the only difference is the amount that we are playing.

[Aldrinx00]

It's pure whale manipulation i think this whale bought bitcoin at a $1 then just liquidating profits right now. Well we can also profit from this because we can buy bitcoin at a lower price then sell it at a higher price or just hold it for long-term.

[pooya87]

the biggest problem with your referees such as whale alert is that they rely on something very unreliable called chain analysis so you can't really use their data for anything because the rate of mistakes is so high that the report is completely unreliable.

in this case you can not rely on whether these coins are moved to  where it is said they moved to.
that is why whale-alret.io is damaging to the market since IF the market were to actually follow their false reports THAT can cause drops or rises. not to mention that IF they were big they could manipulate the market by falsifying reports.

[LogitechMouse]

I'm not surprised with this movement of Bitcoin since we know already that Bitcoin is highly manipulated by various institutions and rich people.

We can't do anything about it but to ride the train especially if you are a trader but if you are a long term holder of Bitcoin then this recent movements of it is just nothing. I think its not just the whales who took profit already but some of the investors who want to take profit too. They sold their Bitcoin to gain to gain profit.

[Al-e_x]

Yes indeed in the crypto market it will always be like this, there will always be popes who manipulate prices, and now they make BTC prices down by almost 10%

[killat]

Crypto market is rather new and price manipulation is likely to happen.

However, we won't be seeing 3k-4k prices this year. We're in a bull market now.

[figmentofmyass]

The BTC dump today was completely manufactured:

About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase.Link

that's not coinbase. it's xapo, a hosted wallet. these coins weren't dumped.
https://www.walletexplorer.com/wallet/Xapo.com?from_address=3D9Gi4JsBaFRfyyDHiC3QM4o3zreV6oD4G

About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: Link

the 14k BTC (from xapo, not coinbase!) was moved to an unknown wallet, where it never moved again. if they were sent to an exchange hot wallet, they would have been swept. these coins weren't dumped. it rather looks like a xapo cold storage transaction.

40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: anchor

this looks like another xapo cold storage transaction. the coins came from xapo's hot wallet and never moved again.

https://www.walletexplorer.com/wallet/Xapo.com?from_address=3Nw96PpfFoiM863pEvWXyKpee9TFdCEV5G
https://www.blockchain.com/btc/address/1Hm9vfrEX7Gyjz2Nhi3McQ34PryLDHGrCq

who is running whale-alert.io and where are they getting all this inaccurate exchange wallet data?

[pooya87]

who is running whale-alert.io and where are they getting all this inaccurate exchange wallet data?

some idiot who is looking to make money by selling random useless data he finds on the blockchain after adding some imaginary stuff on top of it saying X amount of Y moved to exchange Z.
if i am not mistaken it started during the time when drama about MtGox selling bitcoin and being the reason why price dropped from $20k was the heated but stupid argument on the internet. and people wanted to know when these "whales" move their coins to sell so they could panic sell before them

[Leonardo7]

The whales were wise, and I believe they could have been a group of trading whales. The good thing is that they will always try to repeat this in the future, and just as this was going on, money was been made and a wealth transfer been experienced. Volatility provides a good opportunity for money to be made. One of my students just bought some bitcoin, she is waiting for a possible further dump, she is a holder.

[pushups44]

The BTC dump today was completely manufactured:

About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase.Link


About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: Link

40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: anchor

15 mins after that, a whale moved 10M USDT from one wallet to another: Link

If you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with.

Fuckers.

Edit: For all those saying that no one was complaining when a whale entering the market drove the price us. No shit, all boats rise in that situation. In the one we're talking about here, only one group of people benefit whereas the vast majority are negatively impacted. That's the difference.

Source for the original post

The above may be true, but we had a bearish rising wedge pattern with consolidation recently, and the parabolic rise was bound to run out of steam. So hopefully, whether or not manufactured by whales, this breather in the market will allow the bulls to recharge and buy in at a slight discount.

[Dapper]

Shrimp/Krill/Minnow: "I hate whales because they don't allow the price to rise high enough for me to do the EXACT SAME THING."

 

[Ridwan Fauzi]

The whales will always hold a rein, bitcoin price is pure about supply and demand which mean if there is someone or a group who has lots of bitcoin on their wallet then they are selling and buying all bitcoin they have and its price will move. Especially for this situation, when everyone has a thought that bitcoin has had a good market because its price has been increasing from a few days ago then to wheedle  them is so easy, they will consider its price up was caused by the real factor and assumed its price will goes up. But it is not happen, the price just increase for a while and then down again. This is the umpteenth time risk when someone has an investment in bitcoin and possibly in cryptocurrencies as a whole.