The whales stirred. What should we expect?

[Johnyz]

Whales are dealing with a lot of financial opportunities so there’s a higher chance for them to leave the market and spend it somewhere else, but its hard to tell.

They might want to trade their BTC into altcoins or will use that funds to support their own projects. See, there’s a lot of possibilities here and remember when one whale leaves the market, the other whale will catch the market at a cheaper price and will take advantage of it.

[panganib999]

The whales stirred. What should we expect?

Judging by the information coming in, a lot of ancient "crypto whale" wallets that have not created any movement with Bitcoin, for many years, have recently "come to life". Recently, assets have started to be transferred from these wallets to the exchanges. The withdrawal to the exchanges, kind of hints that these amounts are being withdrawn to sell Bitcoin. Question to the esteemed public ! What is this ?
- the end of the short era of cryptocurrencies ? Owners are actively moving into fiat
- the end of the Bitcoin era ? Are they selling it to change cryptoasset for storage ? And what is this crypto asset?
- regulators have "gotten their way", cryptocurrency is losing support and interest ?
- your version ?

Sales of large amounts of bitcoin doesn't necessarily mean that its value is going to plummet right then and there. There's multiple factors affecting the price of bitcoin and sale movement is just one of them. Plus for all we know, with the right process the act thereof of selling and trading bitcoin for other cryptocurrencies is a good thing too as it helps with improving the trade volume of bitcoin, which in itself is an important factor to its price. At the end of the day it's not like something as simple as this could topple bitcoin from its position or even worse kill the whole cryptocurrency world. Keep that in mind and stop getting FUD from people who don't know better of what's really going on within this industry.

[Asuspawer09]

The whales stirred. What should we expect?

Judging by the information coming in, a lot of ancient "crypto whale" wallets that have not created any movement with Bitcoin, for many years, have recently "come to life". Recently, assets have started to be transferred from these wallets to the exchanges. The withdrawal to the exchanges, kind of hints that these amounts are being withdrawn to sell Bitcoin. Question to the esteemed public ! What is this ?
- the end of the short era of cryptocurrencies ? Owners are actively moving into fiat
- the end of the Bitcoin era ? Are they selling it to change cryptoasset for storage ? And what is this crypto asset?
- regulators have "gotten their way", cryptocurrency is losing support and interest ?
- your version ?

I mean the still the main goal of these whales is to earn a profit, I mean for sure most of the investor's goals are just to earn a profit, and the time will come that they will sell their bitcoin on the market that for sure, But this wasn't actually a bad thing since they are still investors and traders having whales have good and bad things as well, One of the things that they affect is they can probably affect the market movement because they own a huge volume of cryptocurrency or bitcoin, think about it if a group of whales plans to buy or sell a cryptocurrency or bitcoin if they start buying a huge amount of bitcoin at the same time that could easily pump the market, meaning they could easily manipulate it, if market price other investors is going to buy as well thinking that the price is starting to skyrocket but then when whales think that it is a good opportunity to profit already they will sell and drop there holding at the same time. I mean we all wanted fiat because that is what we can use to buy, but that doesn't mean that they are completely moving to fiat, because cryptocurrency is a form of investment so if there is a huge opportunity again they will continue to buy cryptocurrency again.

[BenCodie]

The whales stirred. What should we expect?

Judging by the information coming in, a lot of ancient "crypto whale" wallets that have not created any movement with Bitcoin, for many years, have recently "come to life". Recently, assets have started to be transferred from these wallets to the exchanges. The withdrawal to the exchanges, kind of hints that these amounts are being withdrawn to sell Bitcoin. Question to the esteemed public ! What is this ?

You should post references before you make conclusions that "ancient crypto wallets are coming to life". A lot of old wallets that have been recently posted have already been exposed...mostly relating to Mt. Gox, some relating to criminal cases, others are just small (relative to how much they actually effect the market) long-term holders coming back to claim their riches.

Nothing major has been discovered that has not already been publicized.

- the end of the short era of cryptocurrencies ? Owners are actively moving into fiat

Actively moving to fiat? Not true either. Or at least, not provable. The only reason we are at $30k and why sentiment is pessimistic, is because of LUNA and FTX, and the chaos that followed. Otherwise, Bitcoin is healthier year on year. Otherwise, year on year growth and short term metrics only show more moving to Bitcoin, not the other way around.

- the end of the Bitcoin era ? Are they selling it to change cryptoasset for storage ? And what is this crypto asset?

Please. The end of the Bitcoin era? We are sitting on $30k, volume is higher year on year, liquidity is stronger, acceptance and adoption around the globe is only increasing.

- regulators have "gotten their way", cryptocurrency is losing support and interest ?

That's not true at all. Regulators are trying to find a medium where they can benefit from cryptocurrency without allowing another country to prosper more than them. It's a balance that they alone are trying to find and is not a problem at all for Bitcoin

- your version ?

This is how Bitcoin works. People store for a long period of time, they store value in Bitcoin. Additionally, you are missing the fact that a lot of these coins are lost forever on hard drives that are either irretrievable or owned by those who might very well be deceased.

[Dr.Bitcoin_Strange]

It's likely that the whole cycle will repeat, but maybe it's designed that way so people will expect the cycle to repeat after the halving, whereas everything can happen before the halving. The whales are clearly frozen in anticipation. The hardest part is getting over the uncertainty, which is why many people can't stand it and sell their coins.

Well, maybe the market can dip just a little or a lot before the halving can take place, but whatever it is, only a few investors can sell now, probably those newbie investors who have the use for their Invested funds or those who can sell out of panic depending on whether the price falls below what it is now. Since the cycle has just been there in history, the old and experienced will definitely hold for a better bull run before they can sell and probably hold in fiat for another bear market so they can re-buy.

[superman184]

Whales are dealing with a lot of financial opportunities so there’s a higher chance for them to leave the market and spend it somewhere else, but its hard to tell.

They might want to trade their BTC into altcoins or will use that funds to support their own projects. See, there’s a lot of possibilities here and remember when one whale leaves the market, the other whale will catch the market at a cheaper price and will take advantage of it.

This can indeed happen in the market alternately from one pope to another, because indeed not all whales move simultaneously in the market or simultaneously in terms of selling and also in terms of buying something. So that we can still see the level of price balance that continues to occur in the market because as you said that when one of the whales releases his assets into the market at a cheaper price with a specific purpose for something else, the other whales will not stay silent to immediately take it so that prices will remain in a better area.

[BIT-BENDER]

Since OP doesn't include any link on the main post, I try to search on google about the recent crypto whale wallet movement, and all I can find is this article. Based on that article there the crypto whale(s) was releaseing ETH and LTC, the amount is more than 100M so it is huge amount. It should be impactful, but I don't think it will end the crypto or bitcoin era. 

We are not considering the fact that this whales if they wanted to actually sell off they would have done that when the last all time high was reached or they would have waited to the next all time high, we can not be sure the total amount of crypto-currency a whale has and 100, million is definitely a big sum of money but still a whale can have more than that, if they choose to withdraw that amount doesn't mean they can't reenter again.

Bitcoin and crypto-currency has gone beyond going out of existence because of hundreds of millions was withdrawn, also let's not forget the whales game to create panic that the market is going down just to drop the price and then panic sellers sells of just to come back again to buy when the price goes up. It's a strategy that has been used regularly to control the market.

[ScamViruS]

It's hard to know if Whale's wallet sending funds to the exchange meant he sent those coins with the intention of selling them. Whales are smart enough to know how to use their funds, and they know how to generate profit from it. The purpose of this transfer could be that this whale deposited the funds in the exchange to trade in the altcoin, could be anything but we can only speculate.

And the most important thing is that once a whale sells all its coins and exits the market, there are thousands more whales sitting here to take entry to the market. So if someone sells, the other side has more whales to buy this coin. There is no point in creating FUD by looking at such a transection, you are questioning the future of the crypto currency market based on a transection!

[summonerrk]

The whales stirred. What should we expect?

Judging by the information coming in, a lot of ancient "crypto whale" wallets that have not created any movement with Bitcoin, for many years, have recently "come to life". Recently, assets have started to be transferred from these wallets to the exchanges. The withdrawal to the exchanges, kind of hints that these amounts are being withdrawn to sell Bitcoin. Question to the esteemed public ! What is this ?
- the end of the short era of cryptocurrencies ? Owners are actively moving into fiat
- the end of the Bitcoin era ? Are they selling it to change cryptoasset for storage ? And what is this crypto asset?
- regulators have "gotten their way", cryptocurrency is losing support and interest ?
- your version ?

I don't understand people who are always trying to track the movement of crypto funds on large wallets. And even more so, I did not understand when the news feeds of crypto communities begin to write about every movement of cryptocurrencies on whale accounts. I consider this useless news. I recently read articles about the correlation of crypt movements on accounts and the price of cryptocurrencies, and in particular bitcoin, and I want to say that the author of the article came to the conclusion that there is no correlation. You can understand the logic of the guys watching the wallets - big money can create huge volumes on the exchanges, and move prices accordingly.
But this is an empty occupation, from which it is impossible to benefit.

[Fiatless]

It's hard to know if Whale's wallet sending funds to the exchange meant he sent those coins with the intention of selling them. Whales are smart enough to know how to use their funds, and they know how to generate profit from it. The purpose of this transfer could be that this whale deposited the funds in the exchange to trade in the altcoin, could be anything but we can only speculate.

And the most important thing is that once a whale sells all its coins and exits the market, there are thousands more whales sitting here to take entry to the market. So if someone sells, the other side has more whales to buy this coin. There is no point in creating FUD by looking at such a transection, you are questioning the future of the crypto currency market based on a transection!

None of us are sure of the reason for this sale, all we can do is to speculate. It is possible that these whales have gotten to their projected profit margin and they want to sell and make gains. And other whales want to buy at the current price because they are targeting the halving season. It is also possible that these coins are bought by some of the firms that applied for spot Bitcoin ETF approval in the US.

There is also a general belief that altcoins give more profit than Bitcoin. So these whales may be diversifying to altcoins believing that as the price of bitcoin gains during the halving period, these altcoins will gain triple or even more profit. It is also possible that some of these coins were moved because of strict regulations. Recently Kuwait banned crypto activities, so many investors will have to move their investments to avoid sanctions.

We can keep giving more reasons because we don't know the reason for the movement of these crypto assets.

[Jatiluhung]

I might look more at the version where long inactive wallets are suddenly activated to create panic in the market. And maybe it has worked for people who don't have strong enough hands to hold onto their Bitcoins much longer. But actually there will be many other reasons about this. It may indeed be for sale. or it could also be distributed to new wallets or it could even have started to be moved for security reasons and other things. So yes, speculation about this will indeed continue to develop according to each version.

But we also have to consider the timing of the old wallet move with the positive news that actually points to a positive future for bitcoin after the SEC approved several of the world's largest companies to launch Bitcoin Spot ETFs.

[davis196]

The whales stirred. What should we expect?

Judging by the information coming in, a lot of ancient "crypto whale" wallets that have not created any movement with Bitcoin, for many years, have recently "come to life". Recently, assets have started to be transferred from these wallets to the exchanges. The withdrawal to the exchanges, kind of hints that these amounts are being withdrawn to sell Bitcoin. Question to the esteemed public ! What is this ?
- the end of the short era of cryptocurrencies ? Owners are actively moving into fiat
- the end of the Bitcoin era ? Are they selling it to change cryptoasset for storage ? And what is this crypto asset?
- regulators have "gotten their way", cryptocurrency is losing support and interest ?
- your version ?

The only thing I could think of while reading your forum post is the fact that you are spreading FUD.
Proclaiming "the end of Bitcoin era" just because some whale had moved his coins sounds like unnecessary drama and panic to me.
The Bitcoin price had dropped down to 29K after being above 30K for more than one week. Going down by 1K USD isn't such a big deal for Bitcoin. It's obvious that there isn't enough support for a price pump to 35K-40K and that's why many Bitcoiners will sell at 30K(which isn't something bad). The summer months had always been a sluggish period for the Bitcoin market.
The crypto whales can do whatever they want with their coins. They can move them or sell them, we can't stop them from doing so.

[Darker45]

Speaking of this, just mere hours ago I've read that more than a thousand coins have awakened after 11 years of hibernation. It is worth $31 million. But I don't think the reason for this is any of the enumerated possibilities in the OP. It seems all the possible reasons cited in the OP are negative. The movement is possibly just a mere transfer to a SegWit address of a new wallet.

Just a month ago, there was also a movement of 1,400BTC, worth around $36 million, after a decade of dormancy. It seems the reason is also none of the ones mentioned in the OP as it seems it is primarily for the sake of privacy because it was moved to a P2TR address.

I don't think we are approaching the end of crypto or Bitcoin era and old whales are moving to fiat. Adoption is fast growing. Demand is rising. Supply on exchanges is draining. The future of Bitcoin is bright.

[YUriy1991]

The whales stirred. What should we expect?

Judging by the information coming in, a lot of ancient "crypto whale" wallets that have not created any movement with Bitcoin, for many years, have recently "come to life". Recently, assets have started to be transferred from these wallets to the exchanges. The withdrawal to the exchanges, kind of hints that these amounts are being withdrawn to sell Bitcoin. Question to the esteemed public ! What is this ?
- the end of the short era of cryptocurrencies ? Owners are actively moving into fiat
- the end of the Bitcoin era ? Are they selling it to change cryptoasset for storage ? And what is this crypto asset?
- regulators have "gotten their way", cryptocurrency is losing support and interest ?
- your version ?

I don't think this is a compelling reason for the end of the Bitcoin era. If they do, I think it's only natural. So, the question now is, why should they now activate it for so long at the current price, not when the highest ATH was in November 2021 by the owner?

Well, regarding what we expect now, of course the same. The market is excited again and the demand for BTC is increasing even though the current conditions are less enthusiastic and weaker.

[bestcoins1]

I don't think this is a compelling reason for the end of the Bitcoin era. If they do, I think it's only natural. So, the question now is, why should they now activate it for so long at the current price, not when the highest ATH was in November 2021 by the owner?

What is the meaning of the highest ATH in November 2021 by the owner? Because I also do not understand the question you asked. For me the Bitcoin era is not over yet and will continue to be better every year, and the possibility of Bitcoin to make ATH again is also there as long as buyers can continue to increase with the level of selling in large quantities to be less.

Well, regarding what we expect now, of course the same. The market is excited again and the demand for BTC is increasing even though the current conditions are less enthusiastic and weaker.

Now Bitcoin is down to $29K again and I still think it's not bad as it's only a few percent of the $30K price. That means Bitcoin still has a lot more chance to pass $30K back in this year if the market conditions can keep up with the excitement of new buyers coming into the market. I also hope that Bitcoin will not weaken in terms of price again in the next year.

[dezoel]

Why is it necessary for us to give it such an extreme outcome? Can't we just think that it might be someone from the beginning who bought a bunch of Bitcoins and held them until now and is now trying to sell some of it? I don't see how that will end the era of Bitcoin or cryptocurrencies. It is not like they are selling millions of Bitcoins at once, and on top of that, it is just some more Bitcoins coming into circulation after being locked for years.

We all do move from crypto to fiat and vice versa, so why can't a whale do the same? I know that the amount of money that they use is usually significantly high, but it shouldn't be an issue for the overall market, let them do some manipulation and we will ride the tide along with them, as long as we are not panic sellers, we should be good.

[DrBeer]

We can just make an assumption because there's no proof if the owner sold all of their coins and withdraw it in fiat, what we know is the owner move his old coins, that's all.

No, I don't think they sold because they're moving to fiat, Bitcoin and fiat are completely different, they should have sold their coins before if they not trust in Bitcoin.

No, not the end of Bitcoin era. Maybe diversification or something else.

The tightening laws about cryptocurrency shouldn't make them get rid off from Bitcoin because there's a way to exchange and cash out without KYC.

If we carefully read the information about the movement of assets on the whales' wallets, we will realize that these are not just moves, but moves specifically on the MARKETS. People transfer assets to exchanges for what? Right - to sell or buy for one asset, another asset. Therefore, I, with high probability and assume 2 options - sale and exit to fiat (perhaps something know) or a global change of the "leader of the crypto world", other options explaining the transfer of huge amounts of bitcoins and assume I can not assume. In this case, the option "they just transferred" - I do not consider, because it is absolutely allogical.

[sana54210]

I might look more at the version where long inactive wallets are suddenly activated to create panic in the market. And maybe it has worked for people who don't have strong enough hands to hold onto their Bitcoins much longer. But actually there will be many other reasons about this. It may indeed be for sale. or it could also be distributed to new wallets or it could even have started to be moved for security reasons and other things. So yes, speculation about this will indeed continue to develop according to each version.

But we also have to consider the timing of the old wallet move with the positive news that actually points to a positive future for bitcoin after the SEC approved several of the world's largest companies to launch Bitcoin Spot ETFs.

That's such a weak reason to sell though, I mean people who sell because of something like that always confuses me. You should be able to do something proper and you need to do a good amount of holding before you could profit. If you think some inactive wallet end up becoming active is good enough reason to sell, then you are not going to profit that easily and that's going to cause a lot of trouble for you.

I believe that the best thing in this case is to make sure you are profiting based on what you can profit on, and that's important. I know that it is going to take some time before we get used to these wild moves, and wild news, but we need to learn to control our emotions against these things if we want to profit.

[Jatiluhung]

I might look more at the version where long inactive wallets are suddenly activated to create panic in the market. And maybe it has worked for people who don't have strong enough hands to hold onto their Bitcoins much longer. But actually there will be many other reasons about this. It may indeed be for sale. or it could also be distributed to new wallets or it could even have started to be moved for security reasons and other things. So yes, speculation about this will indeed continue to develop according to each version.

But we also have to consider the timing of the old wallet move with the positive news that actually points to a positive future for bitcoin after the SEC approved several of the world's largest companies to launch Bitcoin Spot ETFs.

That's such a weak reason to sell though, I mean people who sell because of something like that always confuses me. You should be able to do something proper and you need to do a good amount of holding before you could profit. If you think some inactive wallet end up becoming active is good enough reason to sell, then you are not going to profit that easily and that's going to cause a lot of trouble for you.

I believe that the best thing in this case is to make sure you are profiting based on what you can profit on, and that's important. I know that it is going to take some time before we get used to these wild moves, and wild news, but we need to learn to control our emotions against these things if we want to profit.

Maybe for those of us who get into Bitcoin after going through a lot of research and long analysis before making a decision, of course we will be surprised to see how weak hands sell bitcoin in panic due to being influenced by fud news, or because of the movement of large amounts of bitcoin transactions that enter the exchange which at first glance looks to be sold. Although in reality maybe it could have been done to manipulate the market to create panic for traders and weak hands.

Those of us who are prepared to store bitcoin for the long term will certainly not be too affected by any price movements in the market which can only have an impact on short and medium term price movements. Because we have prepared ourselves to be strong in saving for the next few years. And don't mind every fud that pops up along the bitcoin journey.

But regarding the movement of wallets that have been inactive for a long time and suddenly become active, it is worth paying attention to those who are used to trading in the short and medium term. because my friend who is a day trader also often observes and analyzes big movements like this. Because he said this could also be an indicator in seeing and predicting the next market movement. he also observes bots like whalesAlert from time to time so that when big movements occur he won't miss the moment.

[DrBeer]

The only thing I could think of while reading your forum post is the fact that you are spreading FUD.
Proclaiming "the end of Bitcoin era" just because some whale had moved his coins sounds like unnecessary drama and panic to me.
The Bitcoin price had dropped down to 29K after being above 30K for more than one week. Going down by 1K USD isn't such a big deal for Bitcoin. It's obvious that there isn't enough support for a price pump to 35K-40K and that's why many Bitcoiners will sell at 30K(which isn't something bad). The summer months had always been a sluggish period for the Bitcoin market.
The crypto whales can do whatever they want with their coins. They can move them or sell them, we can't stop them from doing so.

Let's not accuse me of FUD
No, I'm not spreading panic, or raising the hype. But at the same time I know that there are no unreasonable big movements on the market.
About the end of the crypto era - here I agree - I overreacted
I still think that there are some "signals" that will probably just correct the market in today's situation, or maybe just "move" assets to more stable and profitable ones.