Whales or institutes do not stop their bitcoin buying

[btcsmlcmnr]

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 They are very bullish in bitcoin as they withdrawn and stored their bitcoin in likely cold wallets, not in custody wallets on exchanges.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

[arrowlove]

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/

[TravelMug]

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.

[davis196]

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/

It's Christmas so most of the traders probably aren't active.They won't be that active during the holidays,I guess.
Anyways,moving more BTC to cold wallets is a good sign,unless the US government decides to ban cold wallets(or creates some kind of KYC for cold wallet owners),which is very unlikely to happen.
I'm not sure about Coinbase letting lots of people and companies buy BTC using their platforms and moving that BTC outside the Coinbase wallets.I assume that Coinbase makes money from the buying fees,but they are greedy,so they might impose new rules to force their users to keep more BTC inside their Coinbase wallets.

[Lorence.xD]

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.

[passwordnow]

IMHO, this is not new. Before we get to see the bullish run, there will always be news like this that sums of bitcoins are coming in and out from exchanges. Be it from whales, institutions or just an individual playing his own transfer to make it out on the news and sort of move the market. Just like us, these whales want to have their bitcoins on their own custody rather than let it on the exchanges where the exchanges are the ones that will take control of their holdings. But needless to say, this still brings a good vibes with the market that we have but we don't know how long they'll be holding. They can move it from time to time and then there will be a batch of articles and tweets publishing it.

[cryptomaniac_xxx]

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.

With the way the price is moving currently, there's no better way but to keep holding and wait for the next bubble to form and burst. So I'm sure smart investors know this and it's really hard to short bitcoin as you might get REKT today.

So I'm not seeing any more incoming dumps and there are a lot of money pouring in pushing the price to $25k-$20k early next quarter.

[Wind_FURY]

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/

Dropped "ALOT" Today? It's Christmas/Christmas Eve. Day-traders/active traders, whalecumulators, and other types of investors have families/need to relax too, like us plebs. Hahaha.

Merry Christmas! Let's HODL to 6 digits!

[irixo10]

Actually when I had the sense that institutional investors and whales are not giving up on buying much Bitcoin was before Bitcoin hit its ATH, that is, during that time, once Bitcoin dump it won't be long for it to pick up the pace and start growing again, this was entirely different from previous bull run when a dump will lead to further dump, but this time around a dump was followed by a pump. Also, this is an indication that Bitcoin has come to remain with us while disrupting the world systems, it is also an indication that the value will keep increasing since it's obvious the big players are seriously holding and not selling anytime soon. Lastly, keeping their Bitcoin out from the reach of exchanges is the best move, this will keep them as anonymous as possible and will remove them from unnecessary prying eyes.

[torrantz]

It looks like that related to the grayscale who has been buying more than 12k bitcoin

https://www.financemagnates.com/cryptocurrency/news/grayscale-accumulates-12319-bitcoin-in-24-hours/
Grayscale is actively adding more and more bitcoin into his portfolios. This company was always buying hundreds of million dollars worth of bitcoin quarterly. It looks like the amount is the same as how much bought by grayscale.

[hugeblack]

Let us analyze this amount, suppose that the current price is $ 24,000 and the market capacity is 455284185910, so this amount represents less than 1% of the total current market capacity and thus will not affect the price, up or down.

The higher the price, the more difficult it becomes to move the price up or down, and it requires a lot of market capacity to do so.


You can bet that this amount will change the price of many alternative currencies and cause their price to rise by more than 100%, not bitcoin.

[Coinsfera]

This is good news. This time around, crypto investors have no desire to back down. Really good support for the bull market. Investors are determined to push the price forward this time. For the moment, nobody is content oneself with the $ 20,000 level. For them, this is just the beginning. For now, the only danger may be that the whales suddenly sell, bringing with them short-term investors, lowering the price.

[dothebeats]

It seems like they are still actively acquiring more and more bitcoin by the day, which is good though at the same time quite worrying since the supply is getting centralized to a few people/organizations. Grayscale being the leading entity in acquiring these coins are strengthening their position with more and more bitcoin purchases, and seems to be storing them in cold storages, therefore subtracting their coins from the active market supply. If every big companies who recently bought bitcoins did this, then a crash wouldn't be so much of an issue since there isn't much coins to work with. Plus them being in the public eyes who braved to buy bitcoin will be used as a form of 'assurance' by newbie and unknowing buyers to make their first purchase. If these lads could buy tons of bitcoin despite the on-going criticism of investment experts on the coin, why can't I buy even just one?

[The Cryptovator]

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.

[hatshepsut93]

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.

How can you say that they don't plan to take profits anytime soon with certainty, if all you have is just a fact that they withdraw their coins to their wallets. Cold wallet doesn't mean that it's hard to access, even with self-made setup it takes 10 minutes to transfer coins. Different traders have different levels of greed, some are satisfied with 20% profits or 50% profits, which is why corrections occur - someone exits because they already got enough profits. Bull market is not only about hodlers refusing to sell, you also need new buyers.

[ololajulo]

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/

It's Christmas so most of the traders probably aren't active.They won't be that active during the holidays,I guess.
Anyways,moving more BTC to cold wallets is a good sign,unless the US government decides to ban cold wallets(or creates some kind of KYC for cold wallet owners),which is very unlikely to happen.
I'm not sure about Coinbase letting lots of people and companies buy BTC using their platforms and moving that BTC outside the Coinbase wallets.I assume that Coinbase makes money from the buying fees,but they are greedy,so they might impose new rules to force their users to keep more BTC inside their Coinbase wallets.

The opinion formed of a quiet market seem not to be the same, Bitcoin made a new ATH today, when I compare the most part of the year, nothing looks different from the present holiday, this is internet, things cant be too quiet because of holiday any more. What is Coinbase etc benefit from restricting withdrawal after they got their transaction fee?

[aesma]

It's just me putting my coins in cold storage for the holidays, don't mind it.



Just kidding.

I also think it's partly because of Christmas, at least the quietness.

Also, for people wanting to cash some fiat in, doing it at the end of the year means you will pay taxes on capital gains, so some planning is needed, by now it must be done, no need to keep coins on an exchange.

[verita1]

Also in these tweets the author Ki Young Ju mentions about:

"And Grayscale bought 12,000 BTC on 22nd.

It might be a coincidence but looks interesting.

Source: @bybt_com
 https://twitter.com/ki_young_ju/status/1341733000481034240?s=19

Lately my mind is coming up that any investor in Grayscale is buying Bitcoin.

[kentrolla]

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.

[Reatim]

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

and they want assurance to Hold ,This is one good move so if there are more Holders who will do the same then meaning that the Bitcoin supporters are ready for the Next year and won't use their Bitcoin to trade again.

Well if we can only check most of small holders ?sure they are doing the same thing as mine ,after selling all my XRP ,i move them all to Bitcoin and a Bit for Ethereum.

Don't care about the correction because Holding leaves me no stress and no time spending ,i can make use of my time enjoying the Holiday not like when my coins is still in Exchange.