Whales or institutes do not stop their bitcoin buying

[Wexnident]

It isn't exactly odd that institutes are moving out their funds out of exchanges since most institutes/companies are using Bitcoin both as an investment and as a safe asset. Exchanges are in the end, only their means to an end to get Bitcoin. Additionally, I hardly doubt it would move the market that much since it technically is just a transfer of funds and not really a buy and sell trade by institutes. As for any changes when they sell it, well, it depends on the market. When they bought it, it didn't really have that much movement imo, and even without them, I think the market would've still continued on towards the current state it is right now.

[Wind_FURY]

This is my biggest worry whales don't miss any opportunity also they are the one who are very scary for BTC community, right now lot of big companies are pouring money so logically they won't invest at this time if the price drops at a certain stage whales will disaster the market as panic sell will be extremely high. Either institution or whales they are the strong contenders in BTCs pump and dump.

OR, they protect their investment by placing large bids, and buy walls. Michael Saylor has an average for his Bitcoin accumulation priced at about $15,000. I believe that price is as close as the lowest low that we can "buy the dip, HODL". We won't see Bitcoin below that anymore.

[CryptopreneurBrainboss]

Additionally, I hardly doubt it would move the market that much since it technically is just a transfer of funds and not really a buy and sell trade by institutes.

One transfer might not have any impact on the market but if this trends continue and it can be proven that they're institutional inventors moving funds off exchanges to secure wallet like cold/hardware wallet then it'll definitely have an impact since such development points toward a bullish trend for bitcoin as the supply of coins in circulation and demand is constantly increasing.

The incident been discussed here can't be verified although most likely its a transfer from one of the institution currently picking interested in bitcoin imo. Unless they make a public announcement our discussion and assumption won't come to an end so instead of debating on an issue we have no idea about let just end the discussion.

The most important thing here is, this is definitely a bullish movement, as a whale in person of an investor or institution is moving his, her or their bitcoin into a more secured storage.

[Leviathan.007]

This is actually a very good sign to see bitcoin whales still buying bitcoin even with the current price. If you read their mind, you will see they are buy at current price because they think bitcoin will see higher price levels soon and they right because even the covid pandemic and economic crisis couldn't make the price stop reaching higher levels. So, there is currently not any negative fundamental new to act like resistance and make the price to fall. If you are a holder, just hodl and enjoy.

[jrrsparkles]

You can't consider the moved amount is bought by the whale, just take a look at the price difference in the day you are analyzing clearly there is huge spike in the price per unit as well so why you don't consider this as people buying it instead of whales.

[Akiko]

You can't consider the moved amount is bought by the whale, just take a look at the price difference in the day you are analyzing clearly there is huge spike in the price per unit as well so why you don't consider this as people buying it instead of whales.

It's an obvious bulk buying so it's really a whales buying Bitcoin in that price you can even see it in trade history of different exchange not an ordinary person can buy 200 -500 Bitcoin in a single buy . The only question is how many whales is actually buying it, they will take it as advantage to sell it in higher price so they will continue doing that until they are satisfied in the price. I don't say that there is no small buyers but I just want to point out  that there are whales continue buying it in bulk.

[Nhor1011]

Although we can't say exactly if this bitcoin moved to a cold wallet, but this is a positive sign since the fund came from an exchange. Such as amount our from an exchange means the fund is storing in a safe place, most probably they would hold for a few time which would prevent bitcoin from a fall. All over the movement of whales and investors are pretty positive that pushing bitcoin uptrend.

Why would they stop if they continue to make a profit?

Who knows if they want to hold for a long time instead of trading. We don't know during trade they will lose or earn more. But a long hold would more profitable for them.

It's a good thing to know that whales are doing good for bitcoin market and don't let it fall. But I think they just hold back for a while because of holidays and to make sure that their bitcoin is in a safe place,  that's why we should be observant to the bitcoin market because we don't know anytime soon bitcoin will suddenly drop.

[Tstar]

volume on major exchanges drop ALOT today.  Curious what people think is the reason.....

https://nomics.com/exchanges/bitmex#highlights




Also you are right institutions are buying .......seems hodl s are selling though

https://blockcast.cc/news/what-you-should-know-about-bitcoins-growing-1000-club/

We all have families and now are holidays. For example, I'm not trading at all these days (2 days completely off), just lurking around for a few news or so while resting. I guess many other people are doing the same.
The volume will raise after another week or two in laziness.

[Altcoinsintel]

Perhaps the OTC market the grayscale BTC shares are traded should be counted in the total exchange inflow/outflows. I don't know the volumes it produces though and haven't seen the order books. The prices there are higher usually for unproven reasons yet. Maybe we should be adding these too, as it is trade and I'm not sure if this is called derivatives. The assets are in the custodial accounts and are not used in other way so it can't be derivatives.

[Ratash]

Yes its good to hear that, its a positive action they took large investors buying big amounts of bitcoin and storing it in cold wallets mean that the circulating supply will drop and the demand on bitcoin will increase and with the drop in the number of sellers the prise will go up even more.

[wxa7115]

Actually this is a good sign, very bullish since people and institution are taking out their bitcoin to exchanges like Coinbase because it's obvious that they are going to be a HODL.

And with Coinbase notoriously being down when the price of bitcoin is going up, I wouldn't surprised by this move. "Not your keys, not your coins", Be your own bank" attitude for experience investors here.

I like this, you never know when an exchange is going to be hit by the SEC with a lawsuit or a hack happens or one of the many scenarios in which you cannot withdraw your coins from exchanges, institutional investors seems like they are finally getting it, the advantages that bitcoin has over fiat and even gold cannot be underestimated.

And as government keep printing money thinking the economy and the people are going to keep taking it institutional investors are basically doing what they have always done which is to protect themselves with the best possible asset they have available and right now that asset is bitcoin.

[ChrisPop]

Yeah, I think we're assisting at a full on accumulation phase. Taking into account the shallow liquidity and thin order, in other words the low supply and the high demand coming from institutions a rapid climb to $100k is not excluded.

Wondering what will happen nations will start buying for their reserves. 

[btcsmlcmnr]

Michael Saylor has an average for his Bitcoin accumulation priced at about $15,000. I believe that price is as close as the lowest low that we can "buy the dip, HODL". We won't see Bitcoin below that anymore.

People talked a lot about 30% correction and the $15,000 equals to 34% of fall from $26,000. It is close to 30% correction. Bitcoin dominates the market and its dominance reached 70%. I agree with you that the 30% correction is big and people are waiting for cheap bitcoin price will must feel very happy if the correction actually occurs. It won't happen every month and with the bullish investment sentiment from institutes and coming retailers, bitcoin will not retouch the price again (after any correction is close to $15,000).

Any big correction of bitcoin will create a massive change of capital and altcoins will see a capital switch from bitcoin.

[Wind_FURY]

Michael Saylor has an average for his Bitcoin accumulation priced at about $15,000. I believe that price is as close as the lowest low that we can "buy the dip, HODL". We won't see Bitcoin below that anymore.

People talked a lot about 30% correction and the $15,000 equals to 34% of fall from $26,000. It is close to 30% correction. Bitcoin dominates the market and its dominance reached 70%. I agree with you that the 30% correction is big and people are waiting for cheap bitcoin price will must feel very happy if the correction actually occurs. It won't happen every month and with the bullish investment sentiment from institutes and coming retailers, bitcoin will not retouch the price again (after any correction is close to $15,000).

Plus Bitcoin has become a more attractive investment priced at $27,000, than priced at $10,000. No one would be stupid to sell their coins on a "correction", when we know that $30,000 is a mere 10% away.

Any big correction of bitcoin will create a massive change of capital and altcoins will see a capital switch from bitcoin.

There will be some coins joining Bitcoin, but it won't be like the craziness we saw during 2017. The institutionals are HODLing the Bitcoins now, not plebs.

[fishbonez11]

This only mean that there is no panic selling, Hodlers are really decided to reserve their coins. Since companies and institutions are starting to attract more people to bitcoin, holders are seeing the potential of Bitcoin for long term. Bitcoin price might have correction but there will be for sure a recovery after drop. Bitcoin have reach a really grrat milestone, there will be a bright future for sure.

[0t3p0t]

More than 12.2k BTC moved out of Coinbase to cold wallets (likely) and that is a very good support for bitcoin bull market. Overall, the fall of reserve on crypto exchanges stop its fall as whales began to deposit and maybe they take profit but as outflow chart shows there are more investment from whales, institutes. They are very bullish in bitcoin as they withdrawn and stored their bitcoin in likely cold wallets, not in custody wallets on exchanges.

They don't want to lose their bitcoin from any exchange compromise or government lawsuits and don't have plan to take profit too soon.

https://twitter.com/ki_young_ju/status/1341688251195609089
https://twitter.com/ki_young_ju/status/1342050669746913280

Moving Bitcoins to cold wallets means whales and institutions are preparing for the future. I know this is just the beginning of whales and institutions keeping their Bitcoins in a safe place because maybe other investors are waiting for a short dip to buy some.

[Latviand]

Actually this is a good sign, very bullish since people and institution are taking out their bitcoin to exchanges like Coinbase because it's obvious that they are going to be a HODL.

And with Coinbase notoriously being down when the price of bitcoin is going up, I wouldn't surprised by this move. "Not your keys, not your coins", Be your own bank" attitude for experience investors here.

Hopefully this hodl will be a long term type for these whales because anytime they can dump all this coins back into the market and drive the prices down. The good news about this is that the prices will go up and it will only be a matter of time before the coins starts pouring in.

Whales can really manipulate the market, just like those big investors or businesses that hold a huge amount of bitcoin.

Just wish that whales will not dump some of their assets in the market so the bitcoin's price will not go down when we don't do any transactions yet.

I still hold and hold whenever I can so that I can have a much higher profits where I will not have any regrets.

[Lucius]

Plus Bitcoin has become a more attractive investment priced at $27,000, than priced at $10,000. No one would be stupid to sell their coins on a "correction", when we know that $30,000 is a mere 10% away.

This is really one thing worth discussing, because the rules of the game have changed in favor of the big players, and to the detriment of the small ones. While BTC was relatively cheap it didn’t interest most of those interested today, but it didn’t really interest the average Joe too much. Now there is interest from everyone, only the average Joe looks at the price of BTC with great wonder, and it has become too expensive for him - while wealthy investors have no problem paying 1 BTC more than $30k if we look at the premium prices happening at Grayscale.

The higher the price goes up, the more interest the big fish will show - because big fish are attracted to big bait.

[OcTradism]

This is really one thing worth discussing, because the rules of the game have changed in favor of the big players, and to the detriment of the small ones. While BTC was relatively cheap it didn’t interest most of those interested today, but it didn’t really interest the average Joe too much. Now there is interest from everyone, only the average Joe looks at the price of BTC with great wonder, and it has become too expensive for him - while wealthy investors have no problem paying 1 BTC more than $30k if we look at the premium prices happening at Grayscale.

The higher the price goes up, the more interest the big fish will show - because big fish are attracted to big bait.

How the Ripple lawsuit and appeal ends will be very interesting for crypto market. If Ripple fails with their appeal (I think so) the capital in Ripple will switch to bitcoin and a few top altcoins. More than $13,2 million will be available on the market. This capital is more than two-thirds of Grayscale investment in bitcoin.

Ripple: 487409 BTC (that will change with Ripple appeal result)
Grayscale's total holding: 607274 BTC. https://bitcointalk.org/index.php?topic=5256529.msg55932167#msg55932167

[lifeforcepools]

Of course, there will be more and more whales. Look at the price of bitcoin and you will understand everything.