whales are accumulating Bitcoin millions from binance and bittrex as well

[samuraijin]

What signs these things are showing What your views

There are two transactions worth of billions happened yesterday but we can't say this is whales accumulaction,who knows maybe the transfer from exchanges cold wallet to another.But if whales accumulating means we are about to see some bullish trend on the prices.Only time will reveal what will happen exactly.

I saw that on the whale alert some time ago, not a few news about the whales moving their bitcoin from wallet A to wallet B, did they hold and buy some cheap bitcoin since yesterday and collect it at one point of the wallet, if it is true it will follow a bullish trend it would be better, I'm still waiting for this month to end quickly and see it soon

[barota]

people get panic on every high transaction bitcoin;  the accumulating of bitcoin in sites exchange are normal and i dont think that prices to drop . but this is can be a sign for increase volume of trade in thos two sites exchange bittrex and binance

[Slow death]

What signs these things are showing What your views

I have a question:

I suppose the whales are buying a lot of bitcoins to accumulate like you said, so the price should go up a lot, right?

I suppose these whales that you are saying must have millions of dollars to buy a lot of bitcoins, so why the price is not increasing much? when the price drops a lot  always blame the whales. someone needs to show proof of these statements

[posi]

What signs these things are showing What your views

I have a question:

I suppose the whales are buying a lot of bitcoins to accumulate like you said, so the price should go up a lot, right?

I suppose these whales that you are saying must have millions of dollars to buy a lot of bitcoins, so why the price is not increasing much? when the price drops a lot  always blame the whales. someone needs to show proof of these statements

Never mind the OP at first he didn't provide an evidence to back up his claim and there's no signs in the market that the whales are indeed accumulating more coins as he said.
With the experience i had about the crypto market this month is the season of whales market manipulation not accumulation.

[coin-investor]

What signs these things are showing What your views

It's said in many places that we're in an accumulation phase. Whoever has money to invest, they accumulate, no matter it's from Binance, Bittrex or other exchanges, no matter they're whales or small fish.

It's not only whales, anyone who knows what's store after the halving is in a hurry to accumulate Bitcoin and other coins in the market, but coins also go up and down, people should not mistake that there's not going to be a massive pump, there's really going to be and  you don't want to be the one crying and blaming yourself for not taking the situation seriously.

[pamsugas]

yeah right, we are now in the accumulation of bitcoin just as in Tuur Demeester said that bitcoin is now in the accumulation zone. in the TA the accumulation zone is just before halving bitcoin. some whales will bought bitcoin and sell it when halving will occur

[ethereumhunter]

People who have a lot of money still buying bitcoin, especially if the bitcoin price is down deeper. They like to buy more and more bitcoin because they want to have much bitcoin before the price increase higher. Maybe that is what the OP sees from those exchanges, binance, and bittrex, so he can say that the whales are accumulating bitcoins before it increases. But I think that is not whales who are accumulating bitcoin, but people are doing the same as the whales.

[jets567]

I would think they'd find a way to buy large amounts of bitcoin without using a crypto exchange and avoid the risks inherent with them. 

You are correct because recently I've seen a lot of post about P2P transaction (fiat-to-bitcoin) in this forum, these people wants to buy a huge amount of Bitcoin without using exchanges. I don't know if this is good or bad but if they acquire a lot Bitcoin on their wallets then it may do some bad effect in Bitcoin's market in the future.

[Gotumoot]

There are many ways to get bitcoin for whales, And I think one here is to buy hundreds of bitcoin through P2P.

This is the easiest way for investors to avoid regulation, taxation and even their own safety. So let's not be surprised at the fast pace of bitcoin now and in the years ahead.

[BitHodler]

But I think that is not whales who are accumulating bitcoin, but people are doing the same as the whales.

It doesn't matter how deep people's pockets are, they are accumulating regardless because they consider it a good enough moment to buy and sell higher later, or they simply dollar cost average to get their buying price to drop further.

Nowadays whales are doing the best they can to not appear to be a whale, and so they no longer hold a few addresses with thousands of coins in them, but dozens of addresses where their thousands of coins are distributed. Quite smart right?

[figmentofmyass]

I've seen a lot of post about P2P transaction (fiat-to-bitcoin) in this forum, these people wants to buy a huge amount of Bitcoin without using exchanges.

i've seen examples of the opposite too: I'm selling 2131 Bitcoins, I'm in Hong Kong

you can't take stuff like that too seriously. with OTC trading, we have no idea what's really happening---like how much volume is changing hands, if any. when the OTC market has excess supply and demand, it's reflected in spot market prices. so i focus on the spot market.

[Kasabus]

They can accumulate in any sites and whales can hide the amount they want to accumulate, not only in centralized exchange but they are also doing that in p2p. It's not new to us, they have been accumulating and dumping if they find a good timing, that's their game and they are making money out of it.

Them accumulating doesn't mean they will hold that longer, whales normally plays game in short term as a small movement would already give a decent profit due to their big holdings.

[ecnalubma]

What signs these things are showing What your views

Well you should be happy with that because they are buying your Bitcoin. Its normal in nature that whales accumulate during this type of season while everything is still low and people should also think like whales where taking advantage while there is an opportunity.

[1Referee]

Its normal in nature that whales accumulate during this type of season while everything is still low and people should also think like whales where taking advantage while there is an opportunity.

People do not. Be greedy when others are fearful and fearful when others are greedy doesn't apply to retailers. In a way people who like pumps should be happy with that because the retailers generally help inflating bubbles well beyond the tops "experts" keep calling but are wrong about almost every single time. If everyone thought like a whale the market would be fucked up, lol.

With the block halving being so close the bleeding won't last much longer than January. I expect a rally to commence around that time and people as always will create threads asking whether or not they are too late to buy at x/y/z level. Don't be one of those suckers. Make sure you have bought at today's levels and make sure you have enough fiat aside to buy a bit lower if needed.

[Wexlike]

With the block halving being so close the bleeding won't last much longer than January. I expect a rally to commence around that time and people as always will create threads asking whether or not they are too late to buy at x/y/z level. Don't be one of those suckers. Make sure you have bought at today's levels and make sure you have enough fiat aside to buy a bit lower if needed.

Great advice, feels like 2015 all over again.

[buwaytress]

Actually it really does feel like 2015 all over again doesn't it? I know I only practically bought my first bitcoin in 2016, when literally stuck in bed for weeks with nothing to do but read and learn but I do recall some of the conversations from 2015. There was far less noise then, too, so easy to hear the voices that mattered.

I don't think halving will have the direct impact it has had before but long term effects tend to bite in big ways down the line. The scarcity argument is much stronger, not that it ever needed more help!

Not sure about whales chipping away at binance though. Aurely they got minions doing otc for them already?

[vintages]

I just see this as another news that is aimed at making people to panic.
Anyway, you didn't bring up a chart or link to back up your claims. And moreover, does it ever occur to you that traders and investors might just be buying Bitcoin, prepares for 2020 and not for any apocalypse events as most people might claim. Let's be mild on how we spread certain news.

[ReiMomo]

I just see this as another news that is aimed at making people to panic.
Anyway, you didn't bring up a chart or link to back up your claims. And moreover, does it ever occur to you that traders and investors might just be buying Bitcoin, prepares for 2020 and not for any apocalypse events as most people might claim. Let's be mild on how we spread certain news.

Good point, probably this could be a trap and people to have panic once heard this certain news. Whales, the owner of exchange or not let's hold as long as we can. If whales accumulating, let's accumulate too and ride those whales' plan. The reason for continues dropping because of this holidays, people need money maybe other's cashout their crypto asset to fiat for the daily needs.

[Lucius]

I think an even better question would be: "when the whales accumulate most coins"? If the question is put in the context of this year, then the answer is quite clear, in the first few months of the year when the price was between $3000 and $4000. But given the big jump that has taken place since then, and the profits they have made, there is no doubt that they are accumulating even today.

Although there are doubts that Bitcoin will follow the usual pattern and that a new big pump will follow after the next halving, personally I see no reason for this not to happen. Considering the past halving and the one before it, it is realistic to expect a price increase of at least 10 times, which is again half less than what happened in 2017.

If we think about it, then the only logic is to accumulate as much now as possible and to accept that everything under $10 000 is a bargain.

[Apened]

What signs these things are showing What your views

There's a lot of incomplete information but then i saw some charts on the reply so i assume that bittrex and binance are not the only exchange that is about to use them to get in or collect and accumulate bitcoins. Maybe its a sign or not and yet every singke big amount transfers there is an effect in the total market along with that place.