12 Months of Onchain Data Shows Bitcoin Whales ...

[Actor_Tom_Truong_]

12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small Fish

https://news.bitcoin.com/12-months-of-onchain-data-bitcoin-whales-hundreds-of-btc-from-small-fish/

[1713993154]

1713993154

[elda34b]

Always going to be that way. They prolly made it at the top, save the profits, and buyback again. Which means most of them believe that Bitcoin is going to come back stronger. Some whales on other coins that I know of also do that. While plebs only focus on short-term gain.

[bitsurfer2014]

Of course! Any Bitcoin holder with significant stash would naturally want to accumulate more especifically on capitalizing on previous month's bearish trends which means they could also accumulate more cheaper BTC as much as possible.

Now I hope that on chain data would also show a rise on new adopters / wallet holders which could be a good news to every Bitcoin enthusiasts out there!

[BrewMaster]

in other words for the past year (which i would say past 2 years is more accurate statement starting from the actual bottom) the wise investors have been accumulating bitcoin while the price of it was very low, even lower than its realistic value.

this is what "wise investors" always do, that is how they increase their wealth. they buy bitcoin while everyone else is crying about why price isn't rising.

it is like end of 2016 and start of 2017 all over again when price was between $700 and $1100 and was starting to rise and all "whale talks" started complaining about why some people were wiser than them and bought when price was something like $200.

and as we move forward on each "cycle" (when price shoots up to a gigantic bubble and then bursts) we will continue seeing a much larger scale accumulation take place by a lot bigger number of so called "whales".

[jpnl0006]

12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small Fish

https://news.bitcoin.com/12-months-of-onchain-data-bitcoin-whales-hundreds-of-btc-from-small-fish/

the whales have bags of coins and also, most of them have skills of trippling their bags and even more and then get to milk the small fishes holding unto the very little they had and later exposing them to these whales. a clear case of the rich getting richer and the poor getting poorer.

[amishmanish]

in other words for the past year (which i would say past 2 years is more accurate statement starting from the actual bottom) the wise investors have been accumulating bitcoin while the price of it was very low, even lower than its realistic value.

this is what "wise investors" always do, that is how they increase their wealth. they buy bitcoin while everyone else is crying about why price isn't rising.

I dont think you can generalize anything of this sorts from this study. It talks about people who have 1000+ BTC. By all estimates, these are people who have already acquired wealth by being HODLers from an older era. Majority of these people are those who chanced upon BTC not as investors but as technical experts, developers or even traders. These people were not "investing" into BTC as a commodity like the "smaller investors" that the article contrasts them with.

Those with 1000+ BTC would have made enough Fiat profits during the ATH as well as selling at target values. They pretty much understand that their future fortunes are inextricably linked with bitcoin. They have the liberty to keep accumulating because they acquired at single/ double digit USD prices,or even for free. If Nick had 10,000 BTC to spare for Pizza, how much must all the intial GPU miners/ ASIC miners have.

So this is a false comparison that basically makes fun of the recent users. A host of whom have been involved with bitcoin not just for the money but also for the promise of it. They are now simply being taken for a ride as the whales hardly care about anything else than using their stash to manipulate the markets and churn the last bit of fiat profits. For them, it is money at work. I wouldn't even consider these people believers anymore in bitcoin. They are pretty much entrenched in the elite class while their BTC stashes help them maintain a constant stream of fiat profits. Comapring those greedy motherfuckers with the 0.1,1,10 BTC poor working class people is foolish

[dothebeats]

It's not just the whales honestly but also those believing that bitcoin is going to be in its bullish form again since a bull run is already overdue. While the current events do not necessarily constitute a possible bull run, it's a good start that we were able to break from the magical $10500 barrier that has been hindering upward movements for far too long. Though in all fairness, whales are the ones who put this coin to a move and now the naysayers are following the hype as well. The only thing I worry about is the momentum and how long will it be able to hold. It's one of those things that usually deplete very easily on these sudden movements in the market.

[DoubleEdgeEX]

Pretty similar to the stock market. Blackrock holds millions of shares of every major company in the world, but you as a averge human can at least buy a few dozens to a hundred, depending on the price. I think it´s good news that Bitcoin resembles the stock market in this regard, it shows a mature distribution and the trust of big wallets can´t be bad for the reputation either

[bitsurfer2014]

and as we move forward on each "cycle" (when price shoots up to a gigantic bubble and then bursts) we will continue seeing a much larger scale accumulation take place by a lot bigger number of so called "whales".

This scenario will more likely manifest as we have observed it from the past cycles which I'm afraid will have repercussions because as whales grow richer, the more leverage they have to control or dictate the market price according to their will.

This in turn could have negative side effects to the overall growth and welfare of Bitcoin ecosystem itself. Imho.

I dont think you can generalize anything of this sorts from this study. It talks about people who have 1000+ BTC. By all estimates, these are people who have already acquired wealth by being HODLers from an older era. Majority of these people are those who chanced upon BTC not as investors but as technical experts, developers or even traders. These people were not "investing" into BTC as a commodity like the "smaller investors" that the article contrasts them with.

You have a valid point but we cannot also make assumptions on the profiles of these current BTC whales least we know them personally, I mean who would ever know if some of these whales were newcomers  interested on investing on emerging technologies or if they were early BTC adopters who had capitalize on 2017 ATH. Imho.

[pixie85]

Pretty similar to the stock market. Blackrock holds millions of shares of every major company in the world, but you as a averge human can at least buy a few dozens to a hundred, depending on the price. I think it´s good news that Bitcoin resembles the stock market in this regard, it shows a mature distribution and the trust of big wallets can´t be bad for the reputation either

Buying many different shares is also not that great because the more you have the more time you need to spend managing it.

Even if you had enough money to buy a few shares of eevry company from top 100 you'd be making life harder for yourself. For the average trader it's better to have a portfolio of a fee investments that you know and have time to read about every day.

For this reason my focus was and still is on BTC. I don't know much about stocks and following altcoins is too much of a hassle for me. Maybe having some ETH is not a bad idea but most other coins are not worth your time.

[Sadlife]

So these whales were just waiting for the moment that Bitcoin was in a cheap price to buy and when the market capitulated.
Well it's not all bad for the small fish because some of them bought at a low price and this shows how quickly Bitcoin can surge with having a scarce supply.

[Wind_FURY]

Always going to be that way. They prolly made it at the top, save the profits, and buyback again. Which means most of them believe that Bitcoin is going to come back stronger. Some whales on other coins that I know of also do that. While plebs only focus on short-term gain.

Then there's the tested, and powerful "Buy the dip, and HODL".

I debated about it in Globbo's topic, but no one would believe, or accept, that there is a large probability that we are part of the 90% losers.

[Kelvinid]

So these whales were just waiting for the moment that Bitcoin was in a cheap price to buy and when the market capitulated.
Well it's not all bad for the small fish because some of them bought at a low price and this shows how quickly Bitcoin can surge with having a scarce supply.

We are not sure but it might and we know that they think differently from those small fish/investors.

Whales are very influential in the market, they act smarter than in small players and quite they are simply looking for a big opportunity at the time when the market prices are still low. If this current surge is just hype, I was worried about how these small investors will gain profit instead of losing possibility.

It looks like it is impossible to be in the bullish market again if there is a huge market manipulation happen in the market. People will still get worried for the dumps right after the pumps as usually, we've experience.

[Pffrt]

Interesting read. It's good on one side that whales are evening growing means they are holding for long time, it will at some point put a huge price increase if they continue to do so. On the other hand, they have the power to manipulate the market too. Bitcoin holders of around 100 BTC have been decreased. That's a sign that whales are accumulating BTC from small investors, may be by manipulating the market. It would be pretty good to have an analysis of how much people are holding BTC in between 1 and 100.

[BrewMaster]

So this is a false comparison that basically makes fun of the recent users. A host of whom have been involved with bitcoin not just for the money but also for the promise of it. They are now simply being taken for a ride as the whales hardly care about anything else than using their stash to manipulate the markets and churn the last bit of fiat profits. For them, it is money at work. I wouldn't even consider these people believers anymore in bitcoin. They are pretty much entrenched in the elite class while their BTC stashes help them maintain a constant stream of fiat profits. Comapring those greedy motherfuckers with the 0.1,1,10 BTC poor working class people is foolish

you are exaggerating the power of the whales and what they are doing. not to mention that most of the cases where an address or group of addresses is being counted as "a whale" is just an exchange or big service which these blockchain analyzers mess up and include in their counts to increase their report. in any case if whales had such powers of manipulating the bitcoin price as you think then bitcoin charts should have looked like any other pump and dump shitcoin in the altcoin market.

[AakZaki]

Even Whales bitcoin increased by 2% after halving occurred on 11 May. The increase in bitcoin Whales certainly shows investor confidence in the currency of bitcoin. According to data provided by the blockchain analytics company Glassnode, the number of Whales is increasing with the calculation of unique entities holding at least 1000 BTC with a total of around 1,840 Whales. this increased by 2% because previously only 1,811 at the beginning of May 2020.

Whales has a big influence on the price of Bitcoin. Whales can manipulate the market to their liking and get the most profit. then as small players we also need to have thoughts like Whales.

[amishmanish]

So this is a false comparison that basically makes fun of the recent users. A host of whom have been involved with bitcoin not just for the money but also for the promise of it. They are now simply being taken for a ride as the whales hardly care about anything else than using their stash to manipulate the markets and churn the last bit of fiat profits. For them, it is money at work. I wouldn't even consider these people believers anymore in bitcoin. They are pretty much entrenched in the elite class while their BTC stashes help them maintain a constant stream of fiat profits. Comapring those greedy motherfuckers with the 0.1,1,10 BTC poor working class people is foolish

you are exaggerating the power of the whales and what they are doing. not to mention that most of the cases where an address or group of addresses is being counted as "a whale" is just an exchange or big service which these blockchain analyzers mess up and include in their counts to increase their report. in any case if whales had such powers of manipulating the bitcoin price as you think then bitcoin charts should have looked like any other pump and dump shitcoin in the altcoin market.

Brew I did not say that they "manipulate" the market. You are right that the blockchain analyzers may even be creating confusion. The point of my post was that the whales, if they exist, aren't doing enough for the crypto ecosystem except benefiting from being the rich land-owning class.
I started a topic on this but everyone assumes that i am salty that "whales" are rich. What i am saying is that if they are there, and if they are accumulating like this report purports, then they should also be doing more for the bitcoin ecosystem than just letting their BTC do the grind on exchanges and loan services. Though now i understand that much of this thought is also conjecture as we have no way of knowing that what exactly are they doing, or not doing.

[Jating]

So these whales were just waiting for the moment that Bitcoin was in a cheap price to buy and when the market capitulated.
Well it's not all bad for the small fish because some of them bought at a low price and this shows how quickly Bitcoin can surge with having a scarce supply.

And because they are bullish, that's why they more likely bought in 2018 when the market is in capitulation and continue to do so, and then we have the pandemic scare that makes them very happy accumulating as well.

Interesting read. It's good on one side that whales are evening growing means they are holding for long time, it will at some point put a huge price increase if they continue to do so. On the other hand, they have the power to manipulate the market too. Bitcoin holders of around 100 BTC have been decreased. That's a sign that whales are accumulating BTC from small investors, may be by manipulating the market. It would be pretty good to have an analysis of how much people are holding BTC in between 1 and 100.

And if you notice, negative news no longer affecting the market as compare to recent years. And whales do sometime affect the price, but it will be very difficult though, you really need to work with other whales to move the market to your advantage. They buy at a certain point, until short positions are force out.

[jademaxsuy]

These whales are relatively good in their strategy of earning money. Anyway, if we can adapt on the things how they make their money so does the small time investors. Usually whales do not hold bitcoin short term for they can lose their money if they do also the trading. So they had to hold it for a period of time. Actually they are very confident of the bitcoin market like buying bitcoins during the market dip. So any moment from now if one of these whales will sale and  everything else will follow then it will make another market crash for bitcoins and other altcoins.