Bitcoin Whale bought $150 million worth of Bitcoins during the dip.

[RILWAN]

This whale move to buy $150 million worth of Bitcoin made into the news and this is actually good for Bitcoin so it can start to rise again maybe going beyond the last ATH it achieved so far.

Considering that the dip occurred because of weak hands panic selling their bitcoins with an irrational decision, I have to tell you that it would take a lot more for them to stop their panic sell and stop market manipulators from shorting bitcoin and letting the price go back up this soon. A weak news about a large purchase is only going to entertain people for a day or two.

You are on point there, weak hands always push the market down as they always sell out at every given opportunity and the whales will always take advantage to buy and stock for the future profits.

[leea-1334]

Honestly even as a Bitcoin supporter I never see these buying actions as a high point,,, I mean whales buy and sell and move all the time, and if this thing is able to move the market,,, then it is actually bad news to us because it proves Bitcoin is not as decentralized or as resistant to centralized action as we all claim it to be.

So forgive me for not getting excited about whale moves

[Sterbens]

Well, you saw it didn't you? that's how whales make purchases. So meticulous, knowing when they had to get in and when they had to fly. Until now the tetsp whales have been consistent with taking advantage of this huge drop. So it would be funny to type in Bitcoin as a daily trade, because it can backfire for traders.

Meanwhile the whales are under panic sellers, to continue to collect lots of air boost. Keep trying to stay calm in the receding market conditions.

[tyz]

Dont belive anything whales now selling not buying.

Do you have any proof?
If many whales were to sell, then the bitcoin price would be much lower than it currently is. Rather, the dump is due to investors who speculated with too much leverage and small investors who bought at 60k+ and now got shot. This is a self-reinforcing process until a threshold is reached where more buy than sell again, and the buyers are mostly whales or large investors. And that threshold seemed to have been around 45-46k.

[Lucius]

Some big whales are buying the current dip as more individuals and companies are buying the Bitcoin market dip as all is set for another bull run, reading over the news I saw where a Bitcoin whale buying $150 million worth of bitcoins...

$150 million is a trifle compared to a daily turnover of tens of billions of $, and I don’t see that as significant news. El Salvador bought 150 BTC in the last dip, and MicroStrategy even bought 7000 BTC worth over $400 million. I know it's a lot of money for an ordinary person, but discussions on topics like this are completely pointless.

I believe that wallet is from one of the institutional investor like grayscale and microstrategy.

Maybe it's Grayscale, but MicroStrategy officially started investing in Bitcoin only in Q3 2020, which means it's not about them, because the amounts associated with the address do not match them.

https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ

[oHnK]

$150 million is a trifle compared to a daily turnover of tens of billions of $, and I don’t see that as significant news. El Salvador bought 150 BTC in the last dip, and MicroStrategy even bought 7000 BTC worth over $400 million. I know it's a lot of money for an ordinary person, but discussions on topics like this are completely pointless.

I agree that this news didnt influence significantly because per day there are a lot of transaction which is higher than that amount of BTC. Even the El Savador, MSTR and others company which have bought some BTC didnt give any positif effect to the market. The market cap is still around 2.292 B USD. Dont compare the amount of investment with our asset but on the market cap so you can take a concret conclusion.

[RapTarX]

$150 million is a trifle compared to a daily turnover of tens of billions of $, and I don’t see that as significant news. El Salvador bought 150 BTC in the last dip, and MicroStrategy even bought 7000 BTC worth over $400 million. I know it's a lot of money for an ordinary person, but discussions on topics like this are completely pointless.

You are right, indeed. The news isn’t somewhat significant as we are talking about whale but it's something when you are considering the fact for long term. These whales aren’t going to dump sooner; that means this amount of BTC are likely to going out of the circulation for some times and this will obviously have an affect in the long run. I guess OP was trying to mean this.

[stompix]

Some big whales are buying the current dip as more individuals and companies are buying the Bitcoin market dip as all is set for another bull run

yeah...and we know for sure that because of some transfers between adresses.

I wonder why nobody mentioned that this "whale" dropped 7500 bitcoins in one week when the price was 50-55k, so about twice and little more the sum, they've bought now in $, around 400 million.

704727   2021-10-13 02:44:27   -1,500.005 BTC (84,341,813.21 USD)   
704132   2021-10-09 00:23:15   -1,500.005 BTC (81,220,212.89 USD)   
704004   2021-10-08 00:14:01   -1,500.005 BTC (81,058,197.78 USD)   
703700   2021-10-05 19:54:45   -3,000.01 BTC (150,298,147.9 USD)

But let's try blowing things out of proportions because there is nothing else to do  

[airdata]

Dont belive anything whales now selling not buying.

Maybe you are correct but i think it is the best time to buying Bitcoin part by part for whale, becouse we see that Bitcoin is $20k down from his new all time high.   

[Victorik]

Yeah, while some whales are selling, some are obviously taking advantage of the dip to further increase their bags. That good. 150 million worth of Bitcoin is no child's play.

[DeathAngel]

It’s what the big guys do, they buy low & sell high. Whilst all the noobs are being pathetic & panic selling their future successes away, the whales are laughing & scooping up cheap coins.

[Wysi]

Are we going to witness war between whales where one group is trying dump the Bitcoin price by selling in parts while other wants to take advantage of it and accumulating Bitcoins to keep the market steady and setting it up for one more bullrun? IMO Bitcoin should cross the mark of $55k again in order to consider as the beginning of next bullrun, in past two days Bitcoin tried to cross $52k but failed multiple times. Let's see if these buys make any impact on current price which is currently impacted negatively.

[Oilacris]

Honestly even as a Bitcoin supporter I never see these buying actions as a high point,,, I mean whales buy and sell and move all the time, and if this thing is able to move the market,,, then it is actually bad news to us because it proves Bitcoin is not as decentralized or as resistant to centralized action as we all claim it to be.

So forgive me for not getting excited about whale moves

There's always that inequality no matter what market you've been dealing into as long there are people who do have those finances where this one involves multi millions then they would always be having the advantage.

Buying opportunity would be always there and only to those who do see opportunity will really made out steps which they know that
they could take advantage.

[arwin100]

It’s what the big guys do, they buy low & sell high. Whilst all the noobs are being pathetic & panic selling their future successes away, the whales are laughing & scooping up cheap coins.

This is what whales normally do and they always do the right action towards the current market condition since they always look at the dip as the opportunity to buy. They somewhat like when peoples panicking to sell since this is the perfect time for them to do some action and next to that is hyping that's why we see the market stabilize after the storm. Also if we want to earn then this is good indicator to enter since for sure this is good also good time to ride with them.

[dothebeats]

At this point in time, now that bitcoin has proven itself it would be easy to persuade people to buy into bitcoin during such dips. Also, since the wallet holder already owned a huge amount of bitcoins prior to the recent acquisition, you best believe that they are already extremely knowledgeable about the ins and outs of the market, and that they know what risks they are taking by buying in to the market with that amount during the red season.

Also, moves like this are pretty common during bear seasons. Totally not surprised by this anymore tbh.

[Rengga Jati]

It’s what the big guys do, they buy low & sell high. Whilst all the noobs are being pathetic & panic selling their future successes away, the whales are laughing & scooping up cheap coins.

And they will exactly utilize some FUD to make the price drop, make people especially small investors panic and then sell the coins in the low  rates. And then, whales will buy those BTC. After this, they will  probably manipulate or make some good news again, make the price rise up, and sell the BTC in higher price. And, it will be again continuing such as  cycle.
Market may be difficult to manipulate, but whales know how to do it and utilize it to make themselves get more and more profits. 

Now, Bitcoin price is really crashing, by decreasing more than -15% during 7 days and still at the rate of $48k. Only one thing that I can say right now for me myself, be patient and close the market for a while, enjoy the weekend and take a sleep 

[TimeTeller]

At this point in time, now that bitcoin has proven itself it would be easy to persuade people to buy into bitcoin during such dips. Also, since the wallet holder already owned a huge amount of bitcoins prior to the recent acquisition, you best believe that they are already extremely knowledgeable about the ins and outs of the market, and that they know what risks they are taking by buying in to the market with that amount during the red season.

Also, moves like this are pretty common during bear seasons. Totally not surprised by this anymore tbh.

I don't think that's a single individual. The wallet may be owned by financial organization or company.
Because some of these companies with strong affinity to btc market, they will find a way how to accumulate more especially when btc is down.
This is like golden opportunity for them to get more, whereas, most small traders or holders are in panic mode.
If they are buying this huge amount, it means, they have strong conviction about crypto market.
I don't think they will stake that tons of money for nothing that they don't believe of.

[aoluain]

Please update the title of the thread. There is a big difference between $150 and $150 million.

The whale/corporate who had purchased this huge amount of bitcoins, clearly understands one simple math. There are 7.3 billion people in this world but only 21 millions of bitcoin can ever exist. So it's a accumulation game and the whale want to play it correctly. As simple as that!

and actually less than 21,000,000 will be useable in time. It is definitely an accumulation
game, there are some who have vast resources who can see into the future and are buying
1000's of Bitcoin at a time. They know in the not so distant future there will be a scramble
to own it but there will only be very limited amounts available on the market.

[HodlerKing101]

Michael Saylor and MicroStrategy also bought a bunch of BTC, this is a big signal for us sardines to DCA. And bag up some altcoins with good fundamentals just like URUS, CHAIN and $ANRX

[Reatim]

Some big whales are buying the current dip as more individuals and companies are buying the Bitcoin market dip as all is set for another bull run, reading over the news I saw where a Bitcoin whale buying $150 million worth of bitcoins, this Anonymous whale wallet saw its first activities in 2019and the wallet is said to hold about $5.9 billions worth of Bitcoin and the third wallet holding the highest bitcoins.
https://markets.businessinsider.com/news/currencies/bitcoin-whale-150-million-recent-price-crash-cryptocurrency-wallet-2021-12?utm_campaign=sf-bi-finance&utm_source=facebook.com&utm_medium=social

If they will continue acting like this for the next 2 weeks then Yes we will see more great movement for the market and also from the whales .
but if just this? then nothing will bring good because look at the market now, there are no growth instead the price stabling at 47-49k and cannot even take 59k again.