Small Investors and Whales Still Believe in Bitcoin, Big Purchases This Month

[taufik123]

Currently bitcoin volatility is still very high with price movements up and down in the $20k-22k price area.
In this high-voltage condition, the reactions of the respective market participants towards the purchase of bitcoins, especially the Whales and some large investors, can be seen.
A number of different holdings seem to have reacted differently in this condition of vitality. Not only whales, Bitcoin investors under 1BTC also make purchases regularly.



From a data report made by Glassnode, which is one of the world's leading Crypto Analysis companies, small and small investors have recorded significant Bitcoin purchases in June 2022 and even the most aggressive purchases since March 2020.

It was noted that small investors on average made purchases of 36,750 BTC per month until June 2022 with a total ownership of 1.12 million BTC in small investors or about 5.33% of the total Bitcoin supply.

This indicates that retail investors who are generally considered small investors still seem to believe in the future of bitcoin.

While Whales according to Glassnode data make purchases of 140,000 BTC per month until June 2022, there is an estimate from On Chain data that whales currently own about 45.6% of the entire Bitcoin supply.



Also looking at IntoTheBlock Data, by looking at even bigger Wahles with 100,000 BTC holdings also made significant purchases.

It can be seen that whales who have Bitcoin above 100,000 Bitcoin experienced an increase in purchases of 17.16%.
And from the data it can be seen that the big wahles currently control around 779.550 BTC or about 4.08% of the total bitcoin in existence.

This proves that from small investors to big investors still believe in the future of bitcoin

source: https://app.intotheblock.com
           https://insights.glassnode.com/the-week-onchain-week-27-2022/
           https://twitter.com/glassnode/status/1544352880123170817

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[Sandra_hakeem]

The convalescence of bitcoin over a decade has made its way, somehow into the minds of investors and the inquisitive public and has enormously corrected thier unconventional perception; to a point that dips rather makes them rush into acquiring btc in large quantities rather than crying ignorantly over thier somewhat losses, for they're not loosing, bitcoin falls and rise.
 But don't you think the volatility is made to operate on its amelioration only when the quantity reduces, quickens it's pace on the contrary? The whole world is yet to utilize this financial liberation but how?how bout its priotized limitations?
N/B objections from anyone is welcome but not without certainty; alot of ignorant minds are reading this.
voice of the people
Sandra 

[FatFork]

Glassnode and other on-chain analysts have been pointing to this metric for many months, claiming it shows "bullish accumulation", yet the price continued dropping. This metric, as some Twitter commentators already pointed out, probably reflects a lack of trust in the exchange's solvency, rather than an actual demand for coins. The existence of whales, a difficult-to-measure group of buyers, certainly raises the price, but their weighting isn't made public.

[hd49728]

If small investors still believe in Bitcoin, it sheds a signal that we don't get a bottom range yet. The psychological cycle of market is repeated and bear market only comesto the end if small investors give up and feel very anger.

I think Bitcoin is in accumulation, not side way for a good bounce in a few months. After that, we will see another dump to wash out most of small investors. After a wash out, the market will have a long side-way to wash out rest of small investors. It will be very long waiting time to see ending of this bear market.

[Bttzed03]

~ This indicates that retail investors who are generally considered small investors still seem to believe in the future of bitcoin.

To be more accurate, they believe they will still make money off of bitcoin. It's quite odd to say retail investors still believe in bitcoin's future. 'Belief' is usually associated with long term investors/holder and not these traders. They probably sold last year or when it was still at $40K to $60K range and decided to buy again at 20's or lower. It is just in their nature.

Glassnode and other on-chain analysts have been pointing to this metric for many months, claiming it shows "bullish accumulation", yet the price continued dropping.

Or they're thinking it's an indication that BTC already reach the bottom or near it.

This metric, as some Twitter commentators already pointed out, probably reflects a lack of trust in the exchange's solvency, rather than an actual demand for coins.

How does that lead to bitcoin purchases from exchanges? If I don't trust them, I would just remove my money there and not purchase anything.

[Husires]

I became less confident in Glassnode's data, for several months and their data continues to show that we are in a good position and more cash flow is coming, but the negative data is much more than the positive they are trying to distribute.
I am not saying that their data is wrong, but it is wrong to rely on them in taking investment steps.

[PX-Z]

"Still believe in bitcoin". Of course, they and all of us here should, if big companies and a country have the courage to invest bitcoin why not for smaller one if the whole point of investing is to get profit even in this current times Smaller ones just needs to learn that no need to hurry and avoid panicking when a sudden dump happens its part of the risk if so better to go traditional investments instead.

[taufik123]

~ This indicates that retail investors who are generally considered small investors still seem to believe in the future of bitcoin.

To be more accurate, they believe they will still make money off of bitcoin. It's quite odd to say retail investors still believe in bitcoin's future. 'Belief' is usually associated with long term investors/holder and not these traders. They probably sold last year or when it was still at $40K to $60K range and decided to buy again at 20's or lower. It is just in their nature.

Trust is indeed associated with investors or long-term holders, and they are starting to hold bitcoins again today. On previous ATH as you said maybe they have sold it and bought again in the current price range. Those small investors believe to make more profit if buying in the current position. But it's different from Whales who have more Bitcoin up to more than 100,000 BTC.

I became less confident in Glassnode's data, for several months and their data continues to show that we are in a good position and more cash flow is coming, but the negative data is much more than the positive they are trying to distribute.
I am not saying that their data is wrong, but it is wrong to rely on them in taking investment steps.

Do not rely on any data, you only need to rely on your own mind to choose and sort out which information or data is really appropriate. More negative data will not be good, but more positive data will make bitcoin better.
The data presented is presented as is and there are many other crypto data analysis companies that you can compare. We have to be smarter and don't just rely on one data.

[DapanasFruit]

There is no question that investors continue to believe in Bitcoin as we know that things happening right now are just a repeat of what happened in the past...but I don't that confidence and excitement have already returned at a level where we can see a big rise of the coin's price movement. We already know that many developments affecting the economy especially in the USA are putting down possible price breakthroughs...in fact it is a big question why the real world inflation actually produced negatives on Bitcoin...which many expect should be the way around.

[hd49728]

I became less confident in Glassnode's data, for several months and their data continues to show that we are in a good position and more cash flow is coming, but the negative data is much more than the positive they are trying to distribute.
I am not saying that their data is wrong, but it is wrong to rely on them in taking investment steps.

The war and consequent crisis are things Glassnode can not know. And on chain data shows a truth about what is happening on chain. It does not immediately lead to real big movement on market. Most of time, it will be delayed like fhe end of last bear market.

The pandemic occurs suddenly and a crash in March 2020 is insane. It blows minds of every model builders but after that event, Bitcoin moves back on track and a bull run begins.

On chain data in this crisis time must be used to combine with social, geopolitcial, army problems to make a guess on how Bitcoin will move in future of this bear market.

[PrivacyG]

What makes me happiest is that Bitcoin is being taken off Exchanges.  I am so glad this is happening at All Time High rates.

Is it safe to say that many of us have learned our lesson and started to see how much we have lost in time by NOT investing in Bitcoin whenever we had the chance to.  All these 'Bitcoin is dying' articles have scared off enough people every time Bitcoin has dipped but anyone who thought Bitcoin was dying at $200 is now crying out loud after Bitcoin has died so hard it skyrocketed by over 30,000% ever since.  So it now looks like the 'Dollar Cost Average' strategy is doing wonders and those who know how Bitcoin's cycles work are now throwing money at it like Escobar was throwing at his furnace.

-
Regards,
PrivacyG

[pawanjain]

If small investors still believe in Bitcoin, it sheds a signal that we don't get a bottom range yet. The psychological cycle of market is repeated and bear market only comesto the end if small investors give up and feel very anger.

I think Bitcoin is in accumulation, not side way for a good bounce in a few months. After that, we will see another dump to wash out most of small investors. After a wash out, the market will have a long side-way to wash out rest of small investors. It will be very long waiting time to see ending of this bear market.

I wish that's not true but sadly the fact is that the whales make the most of their money by manipulating the small investors.
I strongly feel that the current increase in price of bitcoin might also be a manipulation by the whales to trap the small investors and suck their money.
It would take a long time before see BTC going bullish this time.

[Lucius]

What makes me happiest is that Bitcoin is being taken off Exchanges.  I am so glad this is happening at All Time High rates.

Do people realize that such a way of storage is highly risky, or were they just scared of what happened to various companies that began to sink after more than obviously bad business practices fell on their heads? There's that old saying "every evil for a good", so if some have finally realized that the only right thing to do is to be their own bank, I wish them success in that.

Is it safe to say that many of us have learned our lesson and started to see how much we have lost in time by NOT investing in Bitcoin whenever we had the chance to.  All these 'Bitcoin is dying' articles have scared off enough people every time Bitcoin has dipped but anyone who thought Bitcoin was dying at $200 is now crying out loud after Bitcoin has died so hard it skyrocketed by over 30,000% ever since.  So it now looks like the 'Dollar Cost Average' strategy is doing wonders and those who know how Bitcoin's cycles work are now throwing money at it like Escobar was throwing at his furnace.

If that were the case, the price would be a little different than today (in a positive sense), so I wouldn't really say that money is flowing into Bitcoin in such a volume. Maybe it just seems that way to me, but the increase in the cost of living has forced many to change their strategies when it comes to finances - in other words, inflation has taken away from many the part of the money they used for investments.

[Doan9269]

Glassnode and other on-chain analysts have been pointing to this metric for many months, claiming it shows "bullish accumulation", yet the price continued dropping.

Base on my understanding about the volatility in bitcoin and its corresponding price prediction, it is believed that whenever there's a consistent drop in bitcoin price over a long period, its then a signal that bitcoin is about to pick up back on bullish move, the precise time amd duration of time this may take to occur is what we cannot be accurate of, bit all indications are giving a positive sign for a bull run sooner or later, while now is a preparatory time to gather momentum for the rise.

[avikz]

Isn't it the most sensible thing to do when bitcoin is available at a discounted price which we may never see again? I believe buying and accumulating is the most sensible thing anyone can do right now! There is an opportunity window ongoing. Either you take it and the opportunity window will be closed.

What makes me happiest is that Bitcoin is being taken off Exchanges.  I am so glad this is happening at All Time High rates.

That's another great indicator. Because bitcoins are kept in the exchange to make it easier for people to sell. But when it is moving out, it usually means, it is going towards a long term storage somewhere safer than exchanges. The indicators are bullish so is the price!

[Fortify]

Currently bitcoin volatility is still very high with price movements up and down in the $20k-22k price area.
In this high-voltage condition, the reactions of the respective market participants towards the purchase of bitcoins, especially the Whales and some large investors, can be seen.
A number of different holdings seem to have reacted differently in this condition of vitality. Not only whales, Bitcoin investors under 1BTC also make purchases regularly.

From a data report made by Glassnode, which is one of the world's leading Crypto Analysis companies, small and small investors have recorded significant Bitcoin purchases in June 2022 and even the most aggressive purchases since March 2020.

It was noted that small investors on average made purchases of 36,750 BTC per month until June 2022 with a total ownership of 1.12 million BTC in small investors or about 5.33% of the total Bitcoin supply.

This indicates that retail investors who are generally considered small investors still seem to believe in the future of bitcoin.

While Whales according to Glassnode data make purchases of 140,000 BTC per month until June 2022, there is an estimate from On Chain data that whales currently own about 45.6% of the entire Bitcoin supply.

Also looking at IntoTheBlock Data, by looking at even bigger Wahles with 100,000 BTC holdings also made significant purchases.

It can be seen that whales who have Bitcoin above 100,000 Bitcoin experienced an increase in purchases of 17.16%.
And from the data it can be seen that the big wahles currently control around 779.550 BTC or about 4.08% of the total bitcoin in existence.

This proves that from small investors to big investors still believe in the future of bitcoin

Imagine you're a billionaire, you've got so much money that you invest a whole swath of it in company shares. Those company shares pay out a dividend of profit sometimes every three months, those dividends buy more shares so in 3 months time your dividend payout increases. So you have money making more and more money, what does it matter to you if you drop a few million into a risky asset class? No big deal if it goes to zero with all your other investments going strong. That's why the average user should not put too much faith in what the whales happen to be able to afford.

[coupable]

This has been a basic principle of investing, which is to take advantage of bad conditions that lead to low prices for reliable products.
Bitcoin seems to be going through its worst times, but it is really a golden opportunity because the price will not go down to these levels again. The most obvious example is El Salvador, which is still aspiring to buy more, despite losing more than twenty million dollars now compared to the price at which it bought its savings for the first time.

[platinum02]

Cryptocurrencies were created with the intention of sharing wealth in the digital world for all participants without greed or exclusiveness, we are currently witnessing greed and exclusivity throughout the entire crypto space, and without a comprehensive yet affordable solution to the enormous wealth gaps that exist globally, the wealthy will acquire more wealth in a few hands which will eventually create absolute hatred of both governments and the wealthy.

[platinumo2.gitbook.io/docs/

[The Cryptovator]

We don't need actually a deep research, Bitcoin is still cheap. This accumulating zone for everyone. Whales and institutional investors still Accumulating more Bitcoin to reduce their average purchase price. You don't have to think far, just imagine what was the ATH and what is the current price. History will repeat anytime.

[taufik123]

-snip- That's why the average user should not put too much faith in what the whales happen to be able to afford.

Don't trust anyone, believe only in your own research and existing data, Purchase whales only as an alarm that bitcoin is currently having a significant increase.

We don't need actually a deep research, Bitcoin is still cheap. This accumulating zone for everyone. Whales and institutional investors still Accumulating more Bitcoin to reduce their average purchase price. You don't have to think far, just imagine what was the ATH and what is the current price. History will repeat anytime.

Research is too deep with too many calculations will also burden the mind and psychology, This is still a long way for bitcoin, Buyers continue to collect Bitcoins to sell at new ATH. We just need to buy it.

Very simple thinking, without the need to care about anyone, buy and sell on ATH. Even if targeting new ATH as a selling price is fine, it's a decision on its own to hold bitcoin for the long term. So, enjoy what you decide for yourself.