90 Whales with 10,000 btc - Bullish

[JohnBitCo]

There are now 90 bitcoin addresses containing more than 10,000btc or more btc and this number is increasing lately. Whales are accumulating bitcoin while we are fearful and selling our holdings.

Food for thought. Don't sell your bitcoin as whales know something which we don't yet. 



https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

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[mk4]

Bear markets and price drops have always been just a transfer of money from the panicking weak hands to the true long-term bitcoin bulls. It's been like this since the start and it looks like it ain't changing any time soon, or ever.

[tranthidung]

Bear markets and price drops have always been just a transfer of money from the panicking weak hands to the true long-term bitcoin bulls. It's been like this since the start and it looks like it ain't changing any time soon, or ever.

You are correct. Short term holders have been decreasing and it could be a signal of accumulation time that in turn will be necessary for next bull run.

See the live chart there Bitcoin: Short Term Holder MVRV (24d Moving Average). Source

Short-term holders now under water, as STH-MVRV drops below the neutral line.

Key level.

The stats don't change much compares to the screenshot for Bitcoin Rich List, that I made in 19 March 2021. A minor changes from whales to superb whales (10,000 - 100,000 and 100,000 - 1,000,000 categories). Their total holding Bitcoin does not change significantly.
I believe the lower category (1,000 - 10,000) has more significant changes.

If you check it today, you will get 2172 addresses with 1,000⁺ BTC. A bit less than in March 2021.

Code:

https://blockchair.com/bitcoin/addresses?q=balance(100000000000..)#

[Karartma1]

These are the market windows where the holding dynamics change, a whale today couldn't be a whale tomorrow, the same as the whales of the past are long gone. The good thing of these days is that a whole new wave of bitcoin holders is forming which is good to me.

[xonar2]

Panickers sell their little $10-$100 holdings because they've invested what little they have (and can't afford to lose)
fully into BTC and they rather buy food or pay bills with it. They are losing sleep when their $100 investment temporarily turns into $85 and decide to cash out completely.

Whales with hundreds of millions worth of BTC have no better uses for fiat money, they already have enough stocks, bonds, apartments.
They keep buying out more and more small BTC investors.

Soon the BTC space will be no different from the 'real world' where a tiny group of people (possibly less than a hundred people) owns 90% of everything.

I don't mock small investors and I understand their concerns (most of them are impatient people from socioeconomically disadvantaged countries hoping to double or triple their money fast, and it just isn't going to happen).
But at the same time, they are fueling this development where a couple dozen people will soon own most of all bitcoins ever mined.

[kryptqnick]

Firstly, rich addresses accumulating money might mean that there are people putting money on exchanges, and exchanges are transferring it to their cold wallets. Secondly, I don't think that 'whales' have any insider info about Bitcoin or anything that can significantly affect the price. They might know something everyone knows but be willing to act on it. Namely, the fact that buying the dip is usually a good idea, and Bitcoin being around 40% down from its ATH point seems like a good buying point. I think that newbies without much money but in big quantities themselves often trigger waves of panic selling, whereas entities that have experience with finances are calmer and take the opportunity to buy low.

[tranthidung]

Namely, the fact that buying the dip is usually a good idea, and Bitcoin being around 40% down from its ATH point seems like a good buying point.

It is a very good dip to buy Bitcoin as at least it will rally to around $46,500 in next one month. More interestingly, it won't stop there in the next couple of months. Best has yet to come.

I think that newbies without much money but in big quantities themselves often trigger waves of panic selling, whereas entities that have experience with finances are calmer and take the opportunity to buy low.

Newbies with big or small capital are usually panic sell in crypto market because this market is different than stocks and other traditional financial markets. Newbies if they get rich and their fortune from financial investment can be different but if they get rich from other areas, I am sure they will be panic.

Does Bitcoin will have big upgrade in this year? The biggest since 2017 so stay calm, hold or accumulate more.

[passwordnow]

There's no secret that the whales have just as we don't know. We both know that bitcoin is one of the best assets that are fit for long term holding. And the number of people that are not going to sell at any price is also increasing. There's no need to panic at this stage, we keep seeing the same scenario a few years back that after this it could be another long bear market again. But it could be disrupted and change it ways the way we see how the market has grown a lot for just a few months.

[Nunoluck]

I think they are just smart people. It seems that they know the pattern of bitcoin market. I think when many people are complaining about bearish market, loss money or etc they take advantage by focus on increasing number of bitcoin they hold. I become a contrarian investors and maybe I little bit know about what they are doing. I think I sold my btc at correct time, now I will get more bitcoin if I buy it again, but I think at this time it is not reach the lowest level yet.

[iTradeChips]

So definitely now is the time that we need to buy more and more cryptocurrencies and be able to take advantage of the dip right now. We know more now that we have experienced many ATH from Bitcoin and the alts for so many years, that a single correction event will not make us fearful of our investments. If you have some money right now then do all the best you can to study the coins that are now at the top 20 and decide for yourself which is a good investment.

[swogerino]

Those who do panic selling apparently do not believe in Bitcoin to keep holding it even when it loses in fiat value.I think the real users of Bitcoin are those who are holding from a long time now,some many years I would say is sufficient to show your true belief in the potential of Bitcoin.

We cannot do anything for these newbies who sell in panic and whales take profit from it.I think there are enough posts in this forum which points to keeping your Bitcoin even in difficult troubled times and anyone who wants to be informed can be informed.Users outside the forum are the most impacted from the panic selling but we cannot do anything for them also as they are outside this forum.

[pakhitheboss]

Nothing new

In 2018 when Bitcoin tanked at that time also there were a lot of panic sellers. They realised their mistake in 2021. Now again as Bitcoin tanked these weak hands are selling, they will realize their mistake in the future but, for now Whales are enjoying.

People just don't realize if they sell they will be in loss but if the hodl they will be in profit.

[aoluain]

Panickers sell their little $10-$100 holdings because they've invested what little they have (and can't afford to lose)
fully into BTC and they rather buy food or pay bills with it. They are losing sleep when their $100 investment temporarily turns into $85 and decide to cash out completely.

Whales with hundreds of millions worth of BTC have no better uses for fiat money, they already have enough stocks, bonds, apartments.
They keep buying out more and more small BTC investors.

Soon the BTC space will be no different from the 'real world' where a tiny group of people (possibly less than a hundred people) owns 90% of everything.

I don't mock small investors and I understand their concerns (most of them are impatient people from socioeconomically disadvantaged countries hoping to double or triple their money fast, and it just isn't going to happen).
But at the same time, they are fueling this development where a couple dozen people will soon own most of all bitcoins ever mined.

Yes, its the new people recently FOMO'ing into Bitcoin who cannot see past the now,
cannot look to the future or stop and consider what long term investors do in times
like this, i.e not panic.

The future could play out like you predict, the large scale investors will accumulate.

[electronicash]

Panickers sell their little $10-$100 holdings because they've invested what little they have (and can't afford to lose)
fully into BTC and they rather buy food or pay bills with it. They are losing sleep when their $100 investment temporarily turns into $85 and decide to cash out completely.

Whales with hundreds of millions worth of BTC have no better uses for fiat money, they already have enough stocks, bonds, apartments.
They keep buying out more and more small BTC investors.

Soon the BTC space will be no different from the 'real world' where a tiny group of people (possibly less than a hundred people) owns 90% of everything.

I don't mock small investors and I understand their concerns (most of them are impatient people from socioeconomically disadvantaged countries hoping to double or triple their money fast, and it just isn't going to happen).
But at the same time, they are fueling this development where a couple dozen people will soon own most of all bitcoins ever mined.

same old rich people in the real world are still going to be the rich people in the crypto sphere. From the landowners, politicians and bankers are grabbing the coins from the small investors who put their hopes of having a good future but panic when the market temporarily crashes because of the fud created also by these rich people.  they still find their way here beating the system.

so remember folks, 10,000 BTC was just worth two pizzas a decade ago.

[avikz]

That's definitely bullish! Also if we have seen the previous trend starting from 2017 bullish cycle, this dip is probably a great opportunity to make big money out of the crypto market. The next ATH can be safely assumed as 100k.

After ATH, every market goes through a correction and that's what is happening in crypto market right now. Once the correction will find a solid ground, the market will be back to bullish mode. Possibly is a cycle of around 3 - 4 years. Selling out is not an option.

[crwth]

What if those whales are just redistributing it to different Bitcoin wallets that they own as well? Making it an illusion that there are a lot of HODLers too? Anyway, there's no sense with that but in reality, it will always increase in price and I hope we are in the right position whether it is bullish or bearish.

Will wait till the end of the year.

[franky1]

it is not 90 whales
its a few dozen exchanges with multiple pockets of 10k coins

[pawanjain]

There are now 90 bitcoin addresses containing more than 10,000btc or more btc and this number is increasing lately. Whales are accumulating bitcoin while we are fearful and selling our holdings.

Food for thought. Don't sell your bitcoin as whales know something which we don't yet. 



https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

The whales are accumulating bitcoin because they know that bitcoin will recover this dump and will further spike up in the next bull run.
This is what the professionals do. Buy when the market is in fear and sell market is in a bull run.
Although not much but this time I have decided to the buy the dip as well and have accumulated some portion 
I am not fearful of a major dump because I am a believer and I know that sooner or later the bulls will come back.

[adamantasaurus]

theres nothing wrong with selling to avoid more loss of $$ especially if you think it's going to keep dipping/enter a bear market and you can possibly buy back in at a much better price.

[adamantasaurus]

There are now 90 bitcoin addresses containing more than 10,000btc or more btc and this number is increasing lately. Whales are accumulating bitcoin while we are fearful and selling our holdings.

Food for thought. Don't sell your bitcoin as whales know something which we don't yet. 



https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

What about satoshis wallet how come that wallet with 1mil btc doesnt show up on this list???