Bitcoin Whale Transactions Spike As $1,046,164,730 in BTC Leaves Crypto Exchange

[tokyohd]

Bitcoin (BTC) whales are making moves as over $1 billion in BTC has flowed out from crypto exchange platforms over the last 24 hours.

According to data from crypto insights firm Santiment, deep-pocketed BTC investors have been making over 4,000 transactions per day this week, each over at least $1 million, after hitting a low of around 2,300 transactions per day in early April.

More Details : https://dailyhodl.com/2022/04/16/bitcoin-whale-transactions-spike-as-1046164730-in-btc-leaves-crypto-exchanges-in-just-24-hours/

[GreatArkansas]

Common thoughts about this are we are thinking that these Bitcoin buyers starting to hold their Bitcoins off the exchange and probably hold them for the long term, but we cannot guarantee it. It could be used for some manipulation or some FUD/FOMO news.
But if you will take this as a fundamental analysis, it is really bullish for me, especially the supply of Bitcoin to exchanges is decreasing, it clearly shows that the pressure on selling is decreasing too.

[Tytanowy Janusz]

There is one thing that many people seams to not take into consideration. The fact that futures market is more and more popular. The fact that current daily volume on binance futures btc/usd trading pair is $5B while on spot $600M. You don't need transfer your BTC to exchange to sell it. For whale its easier to hedge it on leverage on binance futures using much bigger liquidity than transfer coins from cold wallet and sell it on less liquid market.

Such data can also be highly manipulated. People say that thanks to blockchain such data is possible to get and its super valuable. While BTC withdrawal from exchange cost 25$... so such manipulation is very cheap. Even exchange can tranfer founds form known cold wallet to unknown cold wallet to manipulate "coins on exchanges" chart.

[franky1]

and here is a boring statistic for you.

95% of these "WHALE ALERTS"  are actually just exchanging shifting funds from their cold to hot wallets or vise versa.. and not actually real whale investors depositing/withdrawing

these alerts are just a sign that those programming these alerts do not have the skills to analyse the blockchain properly to actually see the difference between a investor withdrawing vs a exchange sweeping its wallets to other wallet the exchange owns

[DapanasFruit]

Well, this is quite expected as the current dip has become a very attractive for whales to buy more Bitcoin from exchanges and send them somewhere for holding some time. Days ago when Bitcoin reached $45K, people were then thinking that it can go on towards $50K zone but it did not and then it went to below $40K which was the big signal that buying time and hoarding is here...expecting that soon the price can get back to $45K which can mean a very good profit machine for anyone who got the means to buy in bulk. I am now thinking of applying in the Whales Club so I can be rich and famous too - how I wish!

[jackg]

But if you will take this as a fundamental analysis, it is really bullish for me, especially the supply of Bitcoin to exchanges is decreasing, it clearly shows that the pressure on selling is decreasing too.

It feels bearish for actual statistics though - to me.

If $1bn leaving an exchange is special that it can be noticed, not much crypto is actually going in and out of exchanges as it's just over 1% of the market cap - large chunks leaving a crypto exchange could just be an otc purchase too which might be less bullish if those funds have just sat on the exchange waiting before now.

95% of these "WHALE ALERTS"  are actually just exchanging shifting funds from their cold to hot wallets or vise versa.. and not actually real whale investors depositing/withdrawing

A lot of them are also probably exchanges rebalancing how their funds are stored too or changing how they store them (even an exchange just wanting to change keys as an employee leaves that held/knew where to find a key to a multisig to keep their funds secure).

[sunsilk]

I don't think this is something new.

What can you expect with that? There will always be traders and holders that are transferring their assets from here and there.

So, I'd say that this is not new to most of us. I guess the alert that we've been following before has already been attached to the news whenever huge transactions, combined or not has been made.

[swogerino]

While personally I think that is very bullish for Bitcoin,history has shown that when this happened the last couple of times nothing has really happened to the price of Bitcoin,we haven't seen a true increase in price since October 2021 which I think was the last all time high.As much as I wish that this news can be bullish for Bitcoin in long term unfortunately history,recent history has proved the opposite,nothing happened.

[hatshepsut93]

People should stop caring about these whale transactions. They don't indicate where the price would move next. And short-term price movements are irrelevant, unless you are a day trader, which no one should be, because day trading is a losers game.

Crypto journalists have nothing useful to report, because not much things happen in crypto daily, so they resort to tracking useless metrics.

[dansus021]

if you following whales bot alert everyday there is large transaction leaving crypto exchange, and yes maybe this can become indicator to bullish but

and here is a boring statistic for you.

95% of these "WHALE ALERTS"  are actually just exchanging shifting funds from their cold to hot wallets or vise versa.. and not actually real whale investors depositing/withdrawing

these alerts are just a sign that those programming these alerts do not have the skills to analyse the blockchain properly to actually see the difference between a investor withdrawing vs a exchange sweeping its wallets to other wallet the exchange owns

i also aggree with this and there is lot of exchange maybe that still not on the list maybe they move from one exchange to another exchange

[Xxmodded]

People should stop caring about these whale transactions. They don't indicate where the price would move next. And short-term price movements are irrelevant, unless you are a day trader, which no one should be, because day trading is a losers game.

Crypto journalists have nothing useful to report, because not much things happen in crypto daily, so they resort to tracking useless metrics.

Usually have effect with whale transactions because have indication for bitcoin will going up or dump, actually when have bitcoin transaction like sending from unknow wallet to binance or coinbase as indicating for bitcoin will going dump, but still not sure will effect 100% but still have possibility whales transaction make price dump, except with whale USDT transaction like sending USDT from unknow wallet to Binance or Coinbase and other exchange market will make price pump. But keep do your own research when have whales transaction, not all it true.

[Fundamentals Of]

But what are Bitcoin whales? Are they individual investors who have bought a lot of Bitcoin? Are they institutional investors? Or could they be crypto companies or its owners and CEOs who have control over their customer's funds? As others have already pointed out, this movement could simply be a crypto exchange moving its funds from one wallet to another. This is more than a billion in USD. It's hard to consider that somebody has actually made that huge purchase from an exchange before withdrawing it away.

[lornadane]

Common thoughts about this are we are thinking that these Bitcoin buyers starting to hold their Bitcoins off the exchange and probably hold them for the long term, but we cannot guarantee it. It could be used for some manipulation or some FUD/FOMO news.
But if you will take this as a fundamental analysis, it is really bullish for me, especially the supply of Bitcoin to exchanges is decreasing, it clearly shows that the pressure on selling is decreasing too.

Maybe there is some truth in what you say.
Even though bitcoin's situation is now starting to decline, I'm still very sure that bitcoin will be fine.
Maybe they just want to move bitcoin to the exchange to keep it safe from the price which is currently very low and they are trying to hold it in the long term as you said above.

[pooya87]

This types of "whale alerts" are so funny because they are always searching the chain for a big transaction and then interpret it however they like. For example this same transaction at any other time would have been interpreted as "whales moving coins to exchanges". Basically they have no proof of anything and these transactions are very common!

[avikz]

Whales moving their bitcoin supplies out of the exchanges means - supplies are drying up! If the demand remains robust, that could lead to a price rally shortly. But the reality is, we wouldn't know the actual reason behind such bitcoin movement. We can only speculate on the outcome of it.

But looking at the direction the market ia heading now, cutting supply is a good thing because the demand usually goes up when the price goes down.

[noormcs5]

Common thoughts about this are we are thinking that these Bitcoin buyers starting to hold their Bitcoins off the exchange and probably hold them for the long term, but we cannot guarantee it. It could be used for some manipulation or some FUD/FOMO news.
But if you will take this as a fundamental analysis, it is really bullish for me, especially the supply of Bitcoin to exchanges is decreasing, it clearly shows that the pressure on selling is decreasing too.

Yes, sometimes whales will remove the bitcoins out of exchanges but  this  does not mean that bitcoin will not dump. Everyone knows that the exchanges inflow and outflow data is being montiored by many traders and sometimes they can fool the retail traders by moving the funds out of exchanges, retail open long postions and they move the market in the opposite direction, thus liquidating the small and retail traders.

[davis196]

Why are you so sure that those transactions are made by crypto whales?
It could have been the crypto exchanges moving their own funds to their cold wallets.
This is yet another clickbait article trying to come up with a silly theory just by looking at some random data.
I don't mind crypto exchange platforms having less Bitcoins/crypto.Sooner or later,the crypto markets will become more decentralized and crypto exchanges will become obsolete.Unfortunately,the majority of crypto users aren't mature enough to dump the centralized custodial crypto trading platforms,because those platforms are still really convenient and user friendly(at least most of them are).

[buwaytress]

Whales moving their bitcoin supplies out of the exchanges means - supplies are drying up! If the demand remains robust, that could lead to a price rally shortly.

Except that the whale-btc-out-of-crypto-exchanges have not exactly moved markets for the past couple of years (and perhaps in the period before that it was merely a correlation someone noticed is all). Take today/yesterday for example then. Or the past week. If anything, this has only partnered with another break of the important $40k support.

Think about it: supply drying up for whom? Whales? They're clearly not buying so there's no demand. Retail? When was the last time you saw a "sold out" sign at an exchange?

[DeathAngel]

It’s no secret that whales start eating when the price is declining. That’s how these guys move, they do the exact opposite of what plebs do. When it goes down they buy, when it goes up & FOMO hits they sell. It’s the easiest tactic in the world if you have the balls & can time the market.