How to read whale alerts?

[lichig]

Hello guys,

When I see a Whale Alert on twitter, the replies following a given alert looks like going on the opposite direction of what I am interpreting on that alert.

For example, I see an alert like:

"🚨 500 BTC transferred from unknown wallet to Coinbase"

My interpretation of this, is that this whale is expecting the price to go up, so its moving a part of their BTC into an exchange to start trading leveraging that capital.

But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.

How do you guys read the Whale Alert tweets?

Thanks!

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[Charles-Tim]

" 500 BTC transferred from unknown wallet to Coinbase"

My interpretation of this, is that this whale is expecting the price to go up, so its moving a part of their BTC into an exchange to start trading leveraging that capital.

But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.

How do you guys read the Whale Alert tweets?

Whales use wallets to hold, noncustodial wallets preferably,  hardware and other offline wallets most preferably, while moving bitcoin from wallet to exchanges is indicating a bear market because the whales are moving bitcoin to exchanges to sell.

But, if whales are moving bitcoin from exchanges into wallet, it means they want to hold, and a sign bull market will soon begin.

[Theb]

My advice is don't follow the noise of even based your trade because of it as it can be interpreted in a lot of ways. 500 Bitcoin transferred to Coinbase can mean a lot of ways not only through selling, also I doubt whales do their major sale on a cryptocurrency exchange but most of them will most likely use OTC desk as it is more secure for them to have a matching order on the price they want. Flooding the market with their sell orders would just force them to also sell down as well. So if I were you I would not look into these kinds of information as the influence it can give is sometimes coming from who are interpreting it.

[nelson4lov]

~Snipped

My interpretation of this, is that this whale is expecting the price to go up, so its moving a part of their BTC into an exchange to start trading leveraging that capital.

But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.

How do you guys read the Whale Alert tweets?

Thanks!

Whenever funds are moved from a non-custodial wallet to an exchange (similar to the one you posted), then it usually signifies that a whale has moved their funds to an exchange to trade it aka sell it off which might move the market downward depend on the volume he/she is offloading. It's also called an inflow. Then when it's the other way round - whales withdrawing funds from exchange accounts to personal wallets, signifies an outflow which further means that they've accumulated the much they can and are now holding their stash.

I'd like to point out that you shouldn't rely too much on those whale alerts as they're often not accurate so it's best to just use them for information purposes only and not let them contribute to your trade bias.

[rhomelmabini]

I always consider it as a double-edged sword and that's there is no perfect representation of what it can be in both scenarios. I often not follow such kinds of alerts as that will just keep you skeptical and doubtful on your trading journey. This moving of crypto balance will never and always be that accurate in terms if it will be pumped or not.

[Oilacris]

~

Whales use wallets to hold, noncustodial wallets preferably,  hardware and other offline wallets most preferably, while moving bitcoin from wallet to exchanges is indicating a bear market because the whales are moving bitcoin to exchanges to sell.

But, if whales are moving bitcoin from exchanges into wallet, it means they want to hold, and a sign bull market will soon begin.

One of the common indication or signs where most people been eyeing off when it comes to those pulling and putting big funds on the market.It can really be spotted out and thats why

some would really be finding out this indication towards their trading analysis on the market but doesnt mean that it is precise for them to follow it out because its neither those whales
are just making those casual transfers but not actually selling or holding.

but what as Charles-tim said then this is the way on reading up those whale alerts.

[Bitcoin_Arena]

Put yourself in a whale's shoes. Why else would you move funds from a wallet address to an exchange if not to sell off/cash out?

Even if the Bitcoins were just moved to an exchange for trading purposes. A 500 or 1000 BTC sell order would cause a mini crash in the market which could trigger stop losses set by other traders leading to further price drops. So it would be sensible enough to expect a price drop whenever a whale moves funds from an unknown address to an exchange.

[Scripture]

They are moving funds for some reason and if there’s a huge money coming into a specific project then you can expect a big pump, but you also have to remember that a whales come into that project, any time they can sell as well so its too risky to just depend on this signal. Usually, i don’t focus on this kind of signal I just need to see the price movement, and that’s my basis of buying.

[livingfree]

But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.

Don't be affected by most comments. It's everywhere to see such comments that's saying those sentiments.

I just don't care anymore whenever there are big moves of whales if they're transferring it from their long-time wallet to an exchange. It doesn't matter much for holders.

But for traders, this matters a lot because such news is always making the market affected with a glance.

[sheenshane]

I guess comments was meant to mislead, or people who were not able to totally understand why whales did what they did.

It's simple, that whale for sure doesn’t only have Bitcoin as their investment.  Besides, they might also need funds at any moment and they can always get chunks of their Bitcoins and doesn’t always mean that they are trying to make a move. But mostly, if they did transfer to the unknown wallet, most probably they would sell. In opposite, they’d like to keep.

Don't bother yourself thinking those whales alert, it might just a trick of them, just focus on the news of Bitcoin acceptance and adoption, they might have an effect on the bull trend.

[btcsmlcmnr]

For example, I see an alert like:

"🚨 500 BTC transferred from unknown wallet to Coinbase"

What do you get from this alert?

It is a big transaction on bitcoin network. How that 500 BTC will be used in the future (near or far)? Sell on Coinbase? Or to move back to unknown wallet not on Coinbase or any exchanges? Or it is simply a transaction for news?

A same 500 BTC transaction can give you different thoughts in different market. When the market is falling, you will think it is a transaction to cut off loss or to dump price of  BTC. When the market is rising, you will think it is a transaction to take profit. Price can be stable or rise higher.

[CryptopreneurBrainboss]

Put yourself in a whale's shoes. Why else would you move funds from a wallet address to an exchange if not to sell off/cash out?

Let assume I'm a whale (which hopefully I'll be someday) Since I know my wallet or all large transaction are been closely monitored, there could be various reasons why I'll move such large amount of funds. Just to clear the air, the alert didn't indicate where the funds was moving to so could be I'm just changing wallet knowing this could be interpreted as a move by whales to sell before then I already have my buy order in price to buy the coins off anyone would will fud and sell to minimize the potential loss they'll be expecting from a market crash.

They're many reason large amount of funds are moved, could be just for attention, or for more security reasons and something just to play with the market. I don't think whales on purpose will crash a market they instead selling instead they'll manipulate the market to buy the dip and probably sell OTC where the market won't react negatively giving them lesser equivalent funds.

[TheUltraElite]

Important unsaid rule in crypto trading - You dont read alert tweets, you ignore them.

Whales or "so-called" whales often post such tweets, but their intent in to generate panic in the market. Always remember that nobody on the internet does anything for free or for goodwill gestures, there is some motive behind it.

In crypto this is very specific because a market movement as to liquidation of assets from a "hidden" wallet means that market will crash so that people buy the currency - that is the mistake the people running this manipulation want you to commit, so they can sell their holding and profit from your loss.

In general if you ignore these type of tweets, you will be safe. Try to use the currency movement in the market to advantage, not the stuff posted on shill breeding grounds like twitter and reddit<these social media are the online cancers.

[trigger1975]

Hello guys,

When I see a Whale Alert on twitter, the replies following a given alert looks like going on the opposite direction of what I am interpreting on that alert.

For example, I see an alert like:

"🚨 500 BTC transferred from unknown wallet to Coinbase"

My interpretation of this, is that this whale is expecting the price to go up, so its moving a part of their BTC into an exchange to start trading leveraging that capital.

But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.

How do you guys read the Whale Alert tweets?

Thanks!

The more whales move coins to exchanges, the more I consider this a sign of a coming bear market.  When price climbs the highest, the first will cash out and typically it's these guys who are long in and have the highest profit.  They are selling to the people coming late to the party and if less and less people coming in, price will decline.

[pooya87]

For example, I see an alert like:
"🚨 500 BTC transferred from unknown wallet to Coinbase"
My interpretation of this, is that this whale is expecting the price to go up, so its moving a part of their BTC into an exchange to start trading leveraging that capital.

Your interpretation is wrong because for starters you have no way of knowing that it was a "whale" that transferred those coins to Coinbase. It may have been Coinbase itself that moved coins from one address to another address. Not to mention that most of the times what these shitty "alert" sites call "moved to Coinbase" is baseless claims, they just see a big transaction and that's all. It may not even be to an exchange, it may be from some random address to another random address.
They call it "whale" because they are desperate for followers.

But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.

Those are FUDs and trolls and some shitcoin advertisers that are desperate since their shitcoin bags have been losing value for the past 4 years.

How do you guys read the Whale Alert tweets?

You shouldn't waste your time because it is worthless information as I explained above.

[xSkylarx]

I don't really rely on these signals on twitter or telegram. It is just scaring you to panic sell your holdings. If you have proper risk management, you won't be afraid of this. Don't go all in buying a particular crypto, leave some stablecoins so you can do dollar-cost-averaging when the price dumps. Those whale alerts won't help you to gain profit in trading. Learning technical and fundamental analysis is still better to learn if you want to be good at trading.

[Wexnident]

Just don't believe anything, even if some wallets were to start moving a lot of coins to another wallet/exchange. They just mostly notify you of big transactions, but that's it. A big transaction does not equate to a huge movement of the market, it's just like any other transaction out there. It isn't really something necessary when reading the market, I'd rather read the candles and see how I can short trade for a few hours. Imo, it'd probably be a lot better to just react to the market movement the instant it does something, you may be late, but not that much, compared to believing in a "whale alert" which could probably make you lose your entire portfolio.

[Insanerman]

Hello guys,

When I see a Whale Alert on twitter, the replies following a given alert looks like going on the opposite direction of what I am interpreting on that alert.

For example, I see an alert like:

"🚨 500 BTC transferred from unknown wallet to Coinbase"

My interpretation of this, is that this whale is expecting the price to go up, so its moving a part of their BTC into an exchange to start trading leveraging that capital.

But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.

How do you guys read the Whale Alert tweets?

Thanks!

The logic is simple (based on my own experience).

BULLISH ALERTS
If whales transferred any coin from either unknown wallet or exchanges onto wallet.
If whales transferred huge USDT to exchanges

BEARISH ALERTS
If whales transferred any coin from wallet to exchanges

Those were just my speculation and I don't really end up getting 100% right on my predictions yet it is definitely worth to note.

[lichig]

Thank you guys, I have a more clear idea now.
Anyways, I can't imagine a real whale transferring to an exchange 1000 BTC. I guess whales will always use OTC for moving funds to and from Exchanges.

[The Cryptovator]

If you are going to trade based on whale alerts then most likely your portfolio will reduce. Any whales would move funds for any reason. Moving a big amount of funds doesn't mean they will invest in specific coins. Who knows if the exchange themselves move the funds? Honestly, I have seen a few such as whales alerts but don't see any influence on the market based on it. You have to learn how you may take profits from the market. The most important thing in trading is experience, so grow your experience and research the market.