Newchanka (OP)
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November 14, 2021, 02:17:24 PM |
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Just Think it, I'll Write it
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DeathAngel
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November 14, 2021, 03:47:46 PM |
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There’s no way of knowing who those entities are. It could be exchanges moving funds, it could even be OTC sales, without context it’s an impossible, wild goose chase.
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amishmanish
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November 14, 2021, 04:15:01 PM |
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I don't know what that "BTC tokens transferred Mean" actually means coz the website was asking for registration. Given that it is talking about the number of BTC being moved, this could as well be coming from an increase in the number of transactions.
To be honest though, all these crypto quants kind of people are supposed to be wizards who combine the knowledge of mathematical analysis with the fundamentals of markets to come up with predictions based on analysis of all sorts of data. Its a pretty esoteric world which i frankly don't understand. They have made up metrics like "Active sender addresses", "active receiver addresses". Its all up in the air that what could it all mean. One thing for sure is that there are people far smarter than us bunch working to profit from bitcoin and the overall crypto market. So, just take your profits when you can and pray that the whale moves are favorable to you.
I would give props and more to anybody who can actually explain this stuff in a way that it makes sense.
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DaveF
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November 14, 2021, 11:01:09 PM |
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When I saw the line most big transactions didn't come from exchanges I stopped reading. We don't know all the exchange addresses. We don't know most of their cold storage addresses. So to make a blanket statement like that just shows the lack of knowledge of the person who tweeted it. -Dave
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sunsilk
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November 14, 2021, 11:38:46 PM |
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It's always a hype whenever there are records of huge funds being transferred. Just as said, there's the interest that everyone is putting on if it's about huge funds but you can never know where they are up to and who owns them. And you should stop putting that much attention to random tweets that are showing charts and with a few text without any verified source. "Not from exchanges". So, from whom? individual whales? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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BitMaxz
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November 14, 2021, 11:49:24 PM |
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I don't know what that "BTC tokens transferred Mean" actually means coz the website was asking for registration.
According to cryptoquant that chart is "The mean amount of BTC transferred per transaction." As you can see on the chart there are big fluctuations those are transactions with a huge amount of BTC that is why they called it whales who are moving or transferring BTC to another wallet or might be deposited to exchanges. There is no way to know unless if you use some advanced tools.
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romero121
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November 14, 2021, 11:50:46 PM |
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There is no price drop with bitcoin by the time, if now this could've been connected as the reason for the drop in the price of bitcoin. As bitcoin is speculative by its features, whales at times try to make disturbance in the market. This is the past, now things have changed and people doesn't react to it.
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TimeTeller
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November 14, 2021, 11:54:33 PM |
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There is no price drop with bitcoin by the time, if now this could've been connected as the reason for the drop in the price of bitcoin. As bitcoin is speculative by its features, whales at times try to make disturbance in the market. This is the past, now things have changed and people doesn't react to it.
They don't react anymore because speculating them as whales is baseless. We can never be sure of these movements, so you're just wasting your time chasing after these "whales". So instead of checking them, you can always take care of your own portfolio and mind your own business. Nothing will be gained by criticizing every movement of these possible whales.
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Yamifoud
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November 14, 2021, 11:58:07 PM |
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Whales are transferring their funds into the exchange to buy more before the next ATH hits again, that's what I think. This is a little alarming but nothing to worry about but this gives an insight that there is a possible surprising thing to happen in the market a few days from now. We have to still calm down and have to prepare for what happens in the coming days. For now, it was a need to monitor the progress of this movement since we don't know where it comes from and what is the real purpose of that.
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joniboini
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November 15, 2021, 12:27:47 AM |
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It's almost impossible to find the reason if you only has this much data to work on with. Should've spend more time on analyzing the chart instead. Who knows what the 'whales' are doing, doesn't matter if it doesn't translate to retail activity. It can also means that they're moving their coins around to pay their debt, who knows.
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Fundamentals Of
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November 15, 2021, 12:57:48 AM |
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The only fact here is that there are large amounts of Bitcoin moved from one wallet to another. That's just it.
The rest are purely speculations that may or may not have any basis at all. So if this is an indirect way of saying there must be large dumping soon, then it does not have the proof. If this is meant that people are moving their funds into safer wallets, it is good. But again there is no way we could tell.
There is no answer as to why the funds are moved. Any answer is simply a guess.
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pooya87
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November 15, 2021, 05:03:31 AM |
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Saw this on Twitter and wonder what it portends
It "portends" that price has started going up again and some people have a hard time accepting they made a mistake so they keep coming up with nonsense and post it on the internet. Large amounts of bitcoin moving is a more common thing than you'd think if you checked the blockchain at any time. The difference is that people put it under magnifying glass each time they want to spread FUD.
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crwth
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November 15, 2021, 05:30:15 AM |
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Is it safe to assume that the next part that would happen is another price increase, just like what happened around in 2017? Is the report from 2017 the same as what the whales are doing? Like moving assets? It's most likely speculation that it's whales and not exchanges because there could be other exchanges that are just moving balances between the same wallets or something like that.
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witcher_sense
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November 15, 2021, 05:40:29 AM |
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Saw this on Twitter and wonder what it portends
Given that the CEO of Cryptoquant references the metric posted on his own website, which is hidden behind the signup button, it portends the potential increase in the number of registered users of Cryptoquant. Other than that, nothing unusual has happened. Some users, knowing that there is no force exist to prevent them from transacting in the Bitcoin network, made their transactions and, apparently, were happy with the result since all the transactions had been successfully confirmed. If some people making their transactions affect your emotional state, your trading strategy, or simply make you panic sell, that's only your problem. Is it safe to assume that the next part that would happen is another price increase, just like what happened around in 2017?
Assuming that the price of bitcoin will increase is just laboring the obvious.
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slaman29
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November 15, 2021, 07:05:01 AM |
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Sometimes I wish I was a whale, just so I could randomly move things across different wallets at different times, just to see the news. I could even drop some hints to newspapers and get paid as an informant (not that I need money) and reporters will look up to me like I'm a whale guru.
Even better, send 1 satoshi fees during peaks and let it get stuck in mempool for everyone to wonder.
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Mpamaegbu
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November 15, 2021, 07:15:28 AM |
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It "portends" that price has started going up again and some people have a hard time accepting they made a mistake so they keep coming up with nonsense and post it on the internet.
I like this angle of thought. It's common practice for weak hands to whine like babies once their dump expectations aren't meant. I was once misled by social media comment (Twitter, to be precise) on a particular project. I panicked and sold early, only to see that project blossom a few weeks later. Since then I have learnt to always do my research before I dump any crypto I'm hodling. Besides, I concur with you that these transactions shouldn't be anything out of place. They happen now and then. It's just that people pay more attention to them whenever Bitcoin is on the spotlight because of price rally.
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cheezcarls
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November 15, 2021, 10:52:02 AM |
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The problem is that we don’t know their intentions whether to just simply move it or selling them for good. But mostly because of BTC’s surge into new heights, it made them decide to move their funds to another wallet or exchange.
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Little Mouse
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November 15, 2021, 11:22:16 AM |
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Where's the proof that whales are moving their BTC? It says tx has been increased which is more likely to be true because BTC adoption has also increased. It is also possible that the addresses belong to some custodial services, or it also possible that someone is selling OTC but OTC won't make a difference I think.
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dimonstration
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November 15, 2021, 11:36:18 AM |
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Where's the proof that whales are moving their BTC? It says tx has been increased which is more likely to be true because BTC adoption has also increased. It is also possible that the addresses belong to some custodial services, or it also possible that someone is selling OTC but OTC won't make a difference I think.
The chart itself is the proof. It's the mean amount of BTC transfered per transaction so it means that there's a lot of big Bitcoin transactions happening off-exchange. I don't know exactly how interpret because it's just like watching other people online bank account transactions publicly since there's no description on each tx, It's very hard to understand what will be the effect on the market. Only one thing is for sure, There will be a huge volatility happening on the market soon since this untap Bitcoin is now moving and actively changing hands. It's either on upside or downside so we must trade safe.
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Yaunfitda
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November 15, 2021, 11:43:53 AM |
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Whales are transferring their funds into the exchange to buy more before the next ATH hits again, that's what I think.
I doubt that a 'real whale' will do that, because it attracts so much attention, would rather do OTC. If there's one thing that the whale should do, it should be the opposite, not putting all their big btc in an exchange. This is a little alarming but nothing to worry about but this gives an insight that there is a possible surprising thing to happen in the market a few days from now. We have to still calm down and have to prepare for what happens in the coming days. For now, it was a need to monitor the progress of this movement since we don't know where it comes from and what is the real purpose of that.
We are still not sure about it, as others have pointed out, there's not way to pinpoint whether it's really a whales or an exchange or maybe some crpyto bookies moving their stash somewhere safe. So I doubt that there's something big gonna happen in the market in the next coming days. If there is, then it's just coincidence.
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