[2020-11-03]Bitcoin whales tread water and hodl despite recent BTC price drop

[Karartma1]

Two key on-chain indicators show that whales and retail investors, in general, are not actively selling Bitcoin. First, the BTC estimated leverage ratio shows that trades in the derivatives market are not decreasing. This shows that investors are not proactively closing their positions or trades amid the uncertainty around the U.S. presidential election.
However, after the election results come out, the high BTC estimated leverage ratio poses a risk of increased volatility. Ki Young Ju, CEO of CryptoQuant, told Cointelegraph: “The BTC Estimated Leverage Ratio on derivative exchanges is increasing till the election day. It might cause high volatility on BTC price due to cascade liquidations.”
Ju explained: “Whales in US spot exchanges are not active for now. Spot Exchanges’ Inflow Mean is the average amount of bitcoin deposited on the spot exchanges, including US exchanges such as Coinbase Pro, Gemini, Bittrex, and others. It’s helpful to see the short-term dumping risk of whales.”

More here https://cointelegraph.com/news/bitcoin-whales-tread-water-and-hodl-despite-recent-btc-price-drop

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1714764626

[cr1776]

Two key on-chain indicators show that whales and retail investors, in general, are not actively selling Bitcoin. First, the BTC estimated leverage ratio shows that trades in the derivatives market are not decreasing. This shows that investors are not proactively closing their positions or trades amid the uncertainty around the U.S. presidential election.
However, after the election results come out, the high BTC estimated leverage ratio poses a risk of increased volatility. Ki Young Ju, CEO of CryptoQuant, told Cointelegraph: “The BTC Estimated Leverage Ratio on derivative exchanges is increasing till the election day. It might cause high volatility on BTC price due to cascade liquidations.”
Ju explained: “Whales in US spot exchanges are not active for now. Spot Exchanges’ Inflow Mean is the average amount of bitcoin deposited on the spot exchanges, including US exchanges such as Coinbase Pro, Gemini, Bittrex, and others. It’s helpful to see the short-term dumping risk of whales.”

More here https://cointelegraph.com/news/bitcoin-whales-tread-water-and-hodl-despite-recent-btc-price-drop

I think the smart investors are using it as a hedge for possible inflation under Biden (assuming his lead holds) and as security for their assets assuming he wins and if in 2 years his party was to take the Senate.  Smart people are preparing for any authoritarian takeover in the US - or elsewhere like Hong Kong etc. :-)

[blurryeyed]

Wait....what BTC price drop?  WTF are CT talking about?

Bitcoin doesn't care about elections, especially joke style US ones - Bitcoin does actually exist outside of the US, you know? The world is a much bigger market than the US alone. All this talk of "leverage ratio, derivatives market, cascade liquidations, whales & shit" just sounds like a 10 year old wannabe bankster who isn't.

Smart investors my ass - what a load of bollocks.

[bbc.reporter]

@blurryeyed. This is normally how the bitcoin news media make their money hehe. Once you read enough clickbaits and sensationalized news, you begin to question their journalistic integrity. Sometimes the news is the advertisment itself but making it appear as news.

[Karartma1]

Don't stop at the headline: I posted this article because it was interesting to notice that there is a low inflow of Bitcoin into exchanges and this means the selling pressure is not that high. We have been noticing this inflow decrease for a while now and that tells us something.
I agree that they could have given another headline to the article.